The Most Capitalist Countries in the World: Free Market Leaders in 2025

Capitalism, in its broadest sense, is an economic system where private individuals and businesses own the means of production and operate for profit. This framework emphasizes free markets, limited government intervention, and the protection of property rights.

Living in a capitalist country often means experiencing an environment conducive to entrepreneurship, with minimal taxes and strong legal protections for private property.

In today's global landscape, several countries exemplify these capitalist principles, creating fertile grounds for both entrepreneurs and investors. These nations have cultivated environments where businesses can thrive, innovation is encouraged, and economic freedom is paramount.

But which countries lead the pack in embracing capitalism? In this article, we'll explore the top capitalist nations, examining their unique economic landscapes and the opportunities they offer for investment and residency.

The Most Capitalist Countries in 2025 – Economic Freedom Rankings

Some countries make it easier to start a business, invest, and build wealth by embracing policies that support individual rights, free markets, and economic flexibility.

Capitalist economies vary in how they implement these principles. Some, like Singapore and Switzerland, have a strong emphasis on free markets with minimal government intervention, while others, like the United States and Ireland, balance economic freedom with certain regulations to maintain competition and consumer protection.

The Index of Economic Freedom, published annually by The Heritage Foundation, evaluates countries based on criteria such as rule of law, government size, regulatory efficiency, and market openness.

Capitalist Economies: The Core Principles

Capitalism is built on a set of guiding principles that determine how economies operate, businesses grow, and wealth is generated. These principles ensure that economic systems remain efficient, competitive, and driven by individual choices rather than centralized control.

While some argue that concepts like rule of law are equally important, the six key principles that define capitalism remain:

• Private Property
• Free Markets
• Competition
• Profit Motive
• Limited Government
• Liberalism & Individual Freedom

Each of these plays a critical role in shaping economies, fostering innovation, and allowing individuals and businesses to thrive. Let’s explore what they mean in practice.

Private Property & Ownership

Private property is the foundation of capitalism. It gives individuals and businesses the right to own, control, and transfer assets, whether tangible (land, factories) or intangible (intellectual property, stocks).

Ownership creates an incentive to invest and innovate. When people have full control over their resources, they are more likely to use them efficiently, develop new ideas, and grow businesses.

Legal protection of property rights is essential for a functioning capitalist economy. Without clear ownership laws, economic activity slows, as businesses and investors hesitate to commit resources without certainty that their assets are secure.

Free Markets

Capitalism operates on market-driven decision-making, where prices, wages, and production levels are determined by supply and demand rather than government mandates.

A free market ensures that capital flows where it is most productive. Investors seek the best returns, businesses innovate to attract customers, and industries adapt based on market conditions.

An open market also allows new businesses to emerge, creating a dynamic environment where industries are constantly evolving. This prevents stagnation and keeps economies competitive on a global scale.

Competition

Competition is the lifeblood of capitalism. It encourages businesses to improve products, lower prices, and find more efficient ways to operate. The result?

• Better products and services for consumers
• Lower costs over time
• A constant drive for innovation

Without competition, monopolies can form, reducing choices and leading to inefficient markets. This is why most capitalist economies enforce antitrust laws;rules designed to prevent market manipulation and ensure fair competition.

While competition naturally regulates industries, some oversight is needed to prevent unfair practices, such as price-fixing or deceptive advertising. A well-balanced approach keeps markets open and fair.

Profit Motive & Economic Growth

The pursuit of profit is the main motivator behind economic activity in capitalist societies. When businesses operate for profit, they:

• Invest in research and development
• Expand into new markets
• Create jobs and economic opportunities

Profits also signal where capital should flow. If a sector is highly profitable, more businesses and investors will enter that space, leading to greater innovation and competition.

Economic growth under capitalism is not accidental, it’s a direct result of businesses competing, reinvesting profits, and pushing industries forward. This is why capitalist economies tend to be the most technologically advanced and economically productive.

Limited Government

Capitalism does not mean a complete absence of government, instead, it means a government that plays a supporting role rather than controlling economic activity.

Governments in capitalist systems focus on:

• Protecting property rights
• Enforcing contracts and legal agreements
• Providing basic infrastructure and public goods
• Ensuring monetary stability through central banks

While governments may step in during market failures, excessive control can stifle economic growth and reduce incentives for businesses to compete and innovate.

Many of the most capitalist economies, such as Singapore and Switzerland, have low taxation and minimal regulation, ensuring that businesses operate freely while still maintaining essential public services.

Liberalism & Individual Freedom

While capitalism is often discussed in economic terms, it is deeply tied to liberalism, the belief in personal and economic freedom.

Liberalism ensures that:

• Individuals can choose their careers, start businesses, and build wealth.
• Markets operate with fairness, without excessive government intervention.
• People have the right to make financial decisions for themselves.

Economic liberalism is what allows countries like Denmark, Canada, and the Netherlands to maintain both high economic freedom and strong social protections.

Without individual freedom, capitalism cannot function effectively. Countries that impose too many restrictions, whether through excessive taxation, strict trade laws, or limits on ownership, often see slower growth and reduced innovation.

A free society supports a free economy. When individuals are empowered to own, create, and compete, capitalism flourishes, and societies prosper.

The Foundations of Capitalism: What Makes Economies Thrive?

A strong capitalist system is built on clear laws, secure investments, and an economic structure that rewards innovation. Countries that embrace these principles tend to experience greater economic stability, attract businesses, and create opportunities for wealth generation.

From property rights and taxation to trade policies and financial systems, several factors determine how well a capitalist country functions. Below, we break down the key elements that shape these economies and how they impact investment, entrepreneurship, and long-term prosperity.

Property Rights and Economic Stability

Property rights form the backbone of any capitalist system. Without clear ownership laws, investments become risky, and economic growth slows. Countries with strong property rights create environments where individuals and businesses feel secure in buying, selling, and developing assets.

Finland consistently ranks among the strongest countries in property rights, ensuring that assets, whether land, intellectual property, or business ventures, are legally protected.

Intellectual property laws play a similar role in encouraging innovation. When creators and businesses know they will benefit from their ideas, they are more likely to invest in research and development.

This is why economies with well-established IP protections, such as Switzerland and Singapore, often lead in cutting-edge industries like biotechnology, pharmaceuticals, and high-tech manufacturing.

Legal Framework and Market Regulation

For property rights to have real value, they must be backed by a legal system that enforces them. Countries with weak legal structures, high corruption, or inconsistent regulations struggle to maintain a functioning capitalist economy.

New Zealand is often cited as an example of a country where laws governing business transactions and property rights are clearly defined and enforced. Its judicial system ensures contracts are upheld, reducing uncertainty for businesses and investors. A predictable legal framework builds trust, making it easier for companies to operate, expand, and attract capital.

In places where laws are unclear or inconsistently applied, businesses face higher risks, and economic growth slows. Strong legal institutions are critical for free-market economies to function efficiently.

Regulation vs. Free Market Policies

Governments play a crucial role in shaping capitalist economies, but the extent of their involvement varies. Some countries adopt a light-touch regulatory approach, allowing businesses to operate with fewer restrictions, while others implement policies aimed at maintaining fair competition and preventing monopolies.

Too much regulation can slow business activity, while too little can lead to market failures. A balanced approach is necessary to ensure fair competition while allowing innovation and entrepreneurship to thrive.

For example, economies with smaller government intervention, such as Singapore, often rank highly in economic freedom indices. However, even in freer markets, governments set certain rules to protect consumers and maintain financial stability. The balance between regulation and market freedom determines how attractive a country is for businesses and investors.

Taxes and Business Climate

Taxes shape the way businesses operate and influence investment decisions. Countries with lower corporate tax rates often attract more businesses, as they allow for higher profit margins and reinvestment opportunities.

Singapore, with a 17% corporate tax rate, continues to draw multinational corporations and startups alike. The United Arab Emirates, with its zero personal income tax policy, has become a preferred destination for business owners and investors looking for tax-efficient solutions.

However, taxation also funds public services and infrastructure. Ireland, for instance, has balanced a business-friendly tax structure with public investments that support a thriving economy.

Governments must find the right mix of taxation and spending to maintain a healthy economy without stifling business growth. Countries that achieve this balance tend to experience steady economic expansion and attract global capital.

Encouraging Innovation and Technology Growth

Capitalist economies that prioritize innovation often lead in global markets. Strong intellectual property protections, access to funding, and a skilled workforce create an environment where businesses push boundaries in technology, medicine, and engineering.

The United States remains a leader in tech innovation, with Silicon Valley housing some of the most influential technology companies in the world. Despite ranking lower in overall economic freedom, the U.S. attracts venture capital and talent due to its well-established business ecosystem.

In Switzerland, a strong focus on research and high-value industries has made it a leader in pharmaceuticals and precision engineering. The country’s commitment to intellectual property protection encourages businesses to invest in cutting-edge advancements, driving economic growth.

Open Markets and Trade Freedom

Free trade is one of the defining characteristics of a strong capitalist economy. Countries that limit trade with high tariffs and restrictions often experience slower economic growth, while those that embrace global commerce benefit from increased investment and job creation.

Singapore exemplifies an open-market economy with minimal trade barriers and extensive free trade agreements. This has made the country a key player in global supply chains and international business.

Even with political shifts, Hong Kong remains a major trading hub, leveraging its financial sector and strategic location to facilitate global trade. Its port continues to rank among the busiest in the world, driving commerce and economic activity.

Investment and Financial Markets

A strong financial system plays a crucial role in capitalist economies by facilitating investment, business growth, and economic stability. Countries with open investment policies and well-regulated financial markets tend to attract more foreign capital.

Switzerland’s banking sector has long been known for its stability, attracting individuals and businesses looking for secure financial services. The country’s financial policies have made it a global center for wealth management.

Singapore has also built a reputation for its well-regulated financial markets, offering:

• A low corporate tax rate (17%)
• A transparent legal framework
• A pro-business regulatory environment

These factors make it a preferred destination for investors and companies looking for stability and long-term growth.

The United States, despite ranking lower in some economic freedom metrics, has one of the world’s most sophisticated financial markets. With deep capital markets, a strong banking system, and a leading position in venture funding, the U.S. remains a dominant force in global finance.

The Role of Free Markets in Global Prosperity

Free markets play a pivotal role in promoting global prosperity by allocating resources efficiently through the forces of supply and demand. They encourage innovation, as businesses strive to meet consumer needs better than their competitors.

Moreover, free markets facilitate international trade, allowing countries to specialize in producing goods and services where they have a comparative advantage, leading to increased global efficiency and wealth.

However, the implementation and outcomes of capitalist principles can vary based on cultural, historical, and institutional contexts. For instance, cultural norms significantly influence how capitalism manifests in different countries.

In China, values such as hierarchy and thrift drive business practices, while in India, the concept of 'jugaad' fosters frugal innovation. In the United States, individualism leads to a 'hustle' culture, whereas Sweden's principle of 'lagom' promotes balance and social trust, shaping its welfare state policies.

Top Capitalist Countries for Business Migration and Investment

Economic Freedom Index Explained

The Index of Economic Freedom assesses 12 specific factors grouped into four broad categories:

• Rule of Law: Evaluates property rights, judicial effectiveness, and government integrity.
• Government Size: Considers tax burden, government spending, and fiscal health.
• Regulatory Efficiency: Measures business freedom, labor freedom, and monetary freedom.
• Market Openness: Assesses trade freedom, investment freedom, and financial freedom.

Each factor is scored on a scale from 0 to 100, with higher scores indicating greater economic freedom. The overall score is an average of these factors, providing a comprehensive view of a country's economic environment.

Singapore: The Ultimate Free Market Economy

Singapore's Economic Model and Business Environment

Singapore's transformation from a small port city to a global economic leader is a testament to its commitment to free-market principles. The nation boasts a highly efficient regulatory framework, robust protection of property rights, and a transparent legal system. These factors have created a business-friendly environment that attracts investors worldwide.

Investment Opportunities and Residency Options in Singapore

Singapore offers the Global Investor Programme (GIP), allowing investors to obtain permanent residency by investing in the local economy. Applicants can choose to invest at least SGD 2.5 million in a new or existing business or in a GIP-approved fund. This program not only provides residency but also access to one of the world's most dynamic markets.

Hong Kong: Economic Freedom Amidst Political Changes

Hong Kong's Unique Capitalist Framework

Historically, Hong Kong has been a strong claimerof economic freedom, characterized by low taxation, free trade, and minimal government intervention. Despite recent political changes, the region maintains a separate economic system under the "one country, two systems" principle, preserving its capitalist framework.

Investment Considerations in Hong Kong's Evolving Economy

Hong Kong offers a Capital Investment Entrant Program, which allows investors to gain residency through significant financial contributions. Since its relaunch in March 2024, the CIES program has attracted 670 applications, generating over HK$20 billion in investments.

Recently, the city updated the requirements of the Capital Investment Entrant Scheme (CIES) to accept cryptocurrency holdings as proof of assets for investor immigration. This policy change allows applicants to use digital assets like Bitcoin and Ethereum to meet the HK$30 million (approximately $3.8 million) net worth requirement.

Switzerland: Stability and Economic Freedom

Swiss Banking, Low Taxes, and Investment Appeal

Switzerland's reputation for stability, strong banking secrecy laws, and favorable tax policies make it an attractive destination for investors. The country's decentralized political system and commitment to neutrality have fostered a stable economic environment conducive to business growth.

Pathways to Swiss Residency Through Investment

Switzerland offers a residency program through the Lump-Sum Taxation Regime, where foreign nationals can negotiate a fixed annual tax with local authorities, varying by canton.

This arrangement provides residency without the need for direct business investment, appealing to high-net-worth individuals seeking a stable living environment.

New Zealand: Combining Free Markets with Quality of Life

New Zealand's Economic Framework

New Zealand's open economy, strong protection of property rights, and efficient regulatory environment have positioned it as a leader in economic freedom. The country's emphasis on free trade and minimal corruption further enhances its appeal to investors.

New Zealand Investor Visa Options

New Zealand offers two main investor visa categories:

• Investor 1 Visa: Requires a minimum investment of NZD 10 million over three years.
• Investor 2 Visa: Requires NZD 3 million over four years, along with additional criteria such as age and language requirements.

These programs provide pathways to residency for investors seeking to capitalize on New Zealand's economic opportunities.

Australia: Resource-Rich Capitalist Economy

Australia's Economic Strengths

Australia's abundant natural resources, well-developed financial sector, and strategic location within the Asia-Pacific region contribute to its robust economy. The country's commitment to free-market policies and political stability further enhances its attractiveness to investors.

Australian Business and Investment Visas

Australia's Significant Investor Visa (SIV) requires an investment of AUD 5 million into complying investments for at least four years. This visa offers a pathway to permanent residency, making it appealing to investors looking to engage with Australia's dynamic economy.

Ireland: Europe's Capitalist Success Story

Ireland's Economic Transformation

Ireland's shift from an agrarian economy to a technology and finance hub showcases the impact of pro-business policies and economic openness. The country's low corporate tax rates and skilled workforce have attracted multinational corporations, fueling economic growth.

Investor Immigration Programs in Ireland

The Immigrant Investor Programme (IIP) in Ireland requires a minimum investment of EUR 1 million in an Irish enterprise, to be held for at least three years. This program offers residency options for investors seeking to benefit from Ireland's thriving economy.

United Arab Emirates: Capitalism in the Middle East

UAE's Tax Advantages and Free Zones

The UAE's strategic location, zero income tax policy, and numerous free zones offering various incentives have made it a magnet for global businesses and investors. The country's infrastructure and commitment to economic diversification further bolster its investment appeal.

Golden Visa Programs in the UAE

The UAE's Golden Visa program offers long-term residency to investors, entrepreneurs, and specialized talents. Investment options include real estate (AED 2,000,000) and investment funds (AED 10,000,000), providing flexibility for those seeking to establish a presence in the region.

United States: Traditional Capitalist Powerhouse

America's Free Market Principles

The United States has long been recognized for its commitment to free-market capitalism, characterized by private property rights, competitive markets, and limited government intervention. This economic framework has fostered innovation, entrepreneurship, and sustained economic growth, positioning the U.S. as a global economic leader.

US EB-5 Investor Visa Program

The EB-5 Immigrant Investor Program offers foreign investors a pathway to permanent residency in the United States. To qualify, investors must commit a minimum of $800,000 if the investment is directed toward a Targeted Employment Area (TEA), which includes rural regions or areas experiencing high unemployment. Additionally, the investment must generate or preserve at least ten full-time jobs for U.S. workers.

Proposed 'Gold Card' Visa Program

In February 2025, President Donald Trump announced a new immigration initiative known as the "Gold Card" visa. This program is designed to attract affluent immigrants by offering a pathway to U.S. citizenship in exchange for a $5 million investment.

The Gold Card aims to replace the existing EB-5 program, eliminating the job creation requirement and focusing solely on substantial financial contributions. Critics express concerns that this initiative could exacerbate housing affordability issues and potentially invite security risks.

The Gold Card program is slated to commence in mid-March 2025. For a deeper dive into Trump's proposed "Gold Card" visa, including its potential impact and investor considerations, check out this detailed analysis: Trump’s Gold Card Visa – What You Need to Know.

Denmark: Balancing Capitalism with Social Welfare

The Danish Economic Model

Denmark exemplifies a unique blend of free-market capitalism and comprehensive social welfare, often referred to as the "flexicurity" model. This approach combines labor market flexibility with social security, allowing businesses to adapt swiftly to market changes while providing a safety net for workers.

The country's commitment to free trade, robust property rights, and regulatory efficiency fosters a competitive business environment. Denmark's strategic location within the European Union further enhances its appeal to international investors.

Investment and Business Immigration to Denmark

Denmark offers the Start-up Denmark program, providing a two-year work and residence permit for non-EU/EEA entrepreneurs aiming to establish and grow businesses in the country.

This program focuses on high-growth, globally oriented startups, granting permits to up to three founders per business, with the possibility of extension for an additional three years.

Canada: Stable Capitalist Economy with Strong Regulations

Canada's Economic Framework

Canada's economy is characterized by a blend of free-market principles and prudent regulatory oversight. Rich in natural resources and boasting a diversified industrial base, the country emphasizes property rights protection, transparent legal systems, and open trade policies. These factors contribute to a stable and attractive environment for both domestic and international investors.

Canadian Investor Immigration Programs

Canada offers several pathways for investors and entrepreneurs seeking permanent residency:

• Start-Up Visa Program: This program targets innovative entrepreneurs who secure support from designated organizations, such as venture capital funds, angel investor groups, or business incubators. Applicants must also demonstrate sufficient settlement funds.

• Provincial Nominee Programs (PNPs): Various provinces, including Ontario and Manitoba, have their own nomination programs targeting business investors. For instance, Manitoba's Business Investor Stream requires applicants to invest in a new or existing business and actively manage it.

It's important to note that while Canada has historically been open to immigration, recent policy shifts indicate a reduction in immigration targets.

In 2024, Prime Minister Justin Trudeau announced plans to lower the number of new permanent residents from the previously planned 500,000 annually to 395,000 in 2025, with further reductions in subsequent years. This move aims to address concerns about housing affordability and infrastructure strain.

You should always stay informed about these changes, as they may impact the availability and requirements of immigration programs.

Strategic Second Citizenship Options in Capitalist Countries

In today's interconnected world, acquiring a second citizenship in a capitalist country offers investors and entrepreneurs numerous advantages, from favorable tax regimes to enhanced global mobility.

Understanding the investment requirements, tax benefits, and mobility perks associated with these opportunities is crucial for making informed decisions.

Comparing Investment Requirements Across Top Capitalist Nations

Investment thresholds and programs vary significantly across countries, each offering unique pathways to residency or citizenship:

• United States: The existing EB-5 Immigrant Investor Program requires a minimum investment of $800,000 in a targeted employment area, creating at least ten full-time jobs. Recently, President Trump proposed a "gold card" visa, granting residency for a $5 million investment, aiming to streamline the process for ultra-high-net-worth individuals.

• United Kingdom: Historically, the UK offered a Tier 1 (Investor) visa for a £2 million investment, but this program was closed in 2022 due to concerns over security and money laundering.

• Portugal: The Golden Visa program requires a minimum investment of €500,000 in an investment fund granting residency with a pathway to citizenship.

• Malta: Offers citizenship by investment with 2 different timelines of 12 or 36 months.For the first case, the minimum investment should be at least €750,000, and for the 36-month period, €600,000.

Tax Benefits of Second Citizenship in Free Market Economies

Securing citizenship in economically free countries can provide substantial tax advantages:

• Zero or Low-Income Tax: Countries like the United Arab Emirates impose no personal income tax, attracting high-net-worth individuals seeking tax efficiency.

• Territorial Tax Systems: Nations such as Panama tax only local income, exempting foreign-earned income from taxation.

• Tax Incentives for New Residents: Portugal's Non-Habitual Resident (NHR 2.0) regime offers reduced tax rates and exemptions for the first ten years of residence, benefiting new citizens.

Global Mobility Advantages for Investors and Entrepreneurs

A second citizenship often enhances global mobility, providing visa-free or visa-on-arrival access to numerous countries:

• European Union Access: Citizenship in an EU country like Malta allows free movement across all member states, facilitating business operations and travel.

• Caribbean Nations: Countries like St. Kitts and Nevis offer visa-free access to over 150+ countries, including the Schengen Area and the UK.

• Asian Hubs: Singaporean citizenship provides visa-free travel to over 190 countries, reflecting its strong diplomatic relations.

Leveraging Economic Freedom for Global Mobility

Capitalism is constantly shifting, and countries seek to attract investment, talent, and innovation. This creates open markets, financial freedom, and strong legal protections, giving individuals and businesses more opportunities to grow and expand.

Capitalist countries provide wide-ranging tax policies, strong legal frameworks, and open markets, making them ideal destinations for those looking to expand their wealth, secure a second residency, or optimize their global mobility.

So, it’s a smart move to secure citizenship or residency, plan business investments in these countries, not just for financial benefits but also for greater flexibility, security, and wider perspectives.

If your plans involve relocating, launching a business, or expanding investment opportunities in one of the most capitalist countries in the world, Savory & Partners' experts are here to guide you through the process and help you make the most of the opportunities available.

FAQs on Capitalist Countries and Citizenship

What makes a country capitalist?

A capitalist country is characterized by private ownership of the means of production, market-based allocation of resources, limited government intervention, and the protection of property rights. These elements encourage competition, innovation, and economic growth.

Which capitalist country offers the easiest pathway to citizenship?

Ease of obtaining citizenship varies by country and individual circumstances. Caribbean nations like St. Kitts and Nevis offer relatively straightforward citizenship by investment programs, typically requiring a financial contribution or real estate investment with no residency requirement.

How do capitalist countries support economic growth?

Capitalist countries promote economic growth by fostering environments that encourage entrepreneurship and innovation. They typically maintain policies that protect property rights, enforce contracts, and ensure a competitive marketplace. This framework allows businesses to operate efficiently, respond to market demands, and invest in new technologies, leading to increased productivity and overall economic expansion.

How does economic freedom benefit investors seeking second citizenship?

Economic freedom often correlates with stable legal systems, transparent regulatory environments, and open markets, providing a secure and predictable setting for investments. This stability is attractive to investors seeking to diversify their portfolios and mitigate risks.

Can I maintain dual citizenship with these capitalist nations?

Dual citizenship policies vary by country. Many nations offering citizenship by investment, such as Malta and St. Kitts and Nevis, permit dual citizenship. However, it's essential to verify both your home country's and the new country's regulations regarding dual nationality.

What are the minimum investment requirements for residency in top capitalist countries?

Investment thresholds differ across programs:

• United States: $800,000 in a targeted employment area under the EB-5 program.
• Portugal: €500,000 in investment fund 
• Malta: 12- or 36-months real estate investment options. For the first case, the minimum investment is €750,000, and for the second, €600,000.

It's advisable to consult with official sources or legal experts for the most current and accurate information, as program requirements can change over time.

References

Heritage Foundation. (2025). 2025 Index of Economic Freedom. Retrieved from https:// https://www.heritage.org/index/

U.S. Citizenship and Immigration Services. (2024, July 16). Policy Manual Update: EB-5 Immigrant Investor Program. Retrieved from https://www.uscis.gov/policy-manual/updates 

Reuters. (2024, September 20). What investors need to know about Immigration Services' updated policy manual on EB-5 entities. Retrieved from https://www.reuters.com/legal/legalindustry/what-investors-need-know-about-immigration-services-updated-policy-manual-eb-5-2024-09-20/reuters.com

MarketWatch. (2025, March 4). Why Trump's 'gold card' visa program could make the pricey U.S. housing market even more expensive. Retrieved from https://www.marketwatch.com/story/why-trumps-gold-card-visa-program-could-make-the-pricey-u-s-housing-market-even-more-expensive-4fec6dcfmarketwatch.com

Fraser Institute. (2023). Economic freedom of the world: 2023 annual report. Retrieved from https://www.fraserinstitute.org/studies/economic-freedom-of-the-world-2023-annual-report