5 Most Liberal Countries in the World

3. Denmark

Financial Development Index (2021): 0.664

Economic Freedom Index Ranking (2023): 9

Ease of Doing Business Ranking (2019): 4

Insider Monkey Rating: 10

Ranked 3rd on our list, Denmark reported a financial development index of 0.664 as of 2021. According to the Heritage Foundation, Denmark is ranked 9 on the Economic Freedom Index as of 2023.