5 Most Capitalist Nations in the World

2. Switzerland

Economic Freedom Score: 84.2

Switzerland is the most capitalist nation in Europe, with the highest economic-freedom score in the continent, at 84.2 as of 2022. The country has the lowest corporate tax rates in all of Europe. Its top corporate tax rate, as of 2022, is only 8.5%. Even the country’s top income tax rate is the lowest in Europe, and one of the lowest in the world, at 11.5%. 

Switzerland is considered an international tax haven due to its low taxes and privacy laws, which are very attractive for businesses from around the world. Its banking was also popular for wealth offshoring, until it became a signatory to Common Reporting Standards (CRS) and enforced the Automatic Exchange of Information in 2017.