5 Most Capitalist Nations in the World

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1. Singapore

Economic Freedom Score: 84.4

Singapore is an Island country in Southeast Asia and is the most capitalist nation on Earth, with the highest economic-freedom score of 84.4. Even though its top corporate tax rate is 17%, higher than that of Switzerland, its government’s subsidies, grants, and capital injections to businesses accounted for 17% of its GDP in 2021, according to the IMF. This makes the government of Singapore one of the most pro-business in the world. 

The country has 27 preferential trade agreements as of 2022 and its trade-weighted mean tariff rate is 0%. The workforce is also highly educated, owing to public investment in higher education. The rule of law is strong and property rights are enforced efficiently. 

Singapore

Pixabay/Public DOmain

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