Category: Countries and Economies
The Iraqi Economic System: A Systematic Review
What type of economic system does Iraq have? Iraq's economic system is a mixed economy pairing a private sector with a state-run public sector. It is not ranked in the 2026 Index of Economic Freedom, since the Heritage Foundation excluded Iraq over weak data; its last scored edition classed it repressed. On Freedom House it…
Analyzing the Impact of Sanctions on Iran’s Economic System
What type of economic system does Iran have? Iran's economic system is a mixed economy pairing a private sector with a state-run public sector. On the 2026 Index of Economic Freedom it ranks 170th with a score of 41.8, in the repressed category and among the lowest regionally. It scores 10/100 on Freedom House, down…
The Economic System of Indonesia: An Analysis
What type of economic system does Indonesia have? Indonesia's economic system is a mixed economy pairing a private sector with a state-run public sector. On the 2026 Index of Economic Freedom it scored 65.1, ranked 49th globally and rated moderately free. It scores 56/100 on Freedom House, classed Partly Free, an electoral democracy without full…
Exploring the Dynamics of India’s Economic System
What type of economic system does India have? India's economic system is a mixed economy pairing a private sector with a state-run public sector. State-owned enterprises remain extensive, and socialist-era policy legacies still weigh on freedom. Ranked 132nd on the 2026 Index of Economic Freedom and mostly unfree, it scores 62/100 on Freedom House, classed…
Examining the Dynamics of Iceland’s Economic System
What type of economic system does Iceland have? Iceland's economic system is a mixed economy that closely resembles a market economy, where individuals are free to work, produce, and invest as they please alongside a public sector. On the 2026 Index of Economic Freedom it scored about 73, among the most economically free in Europe,…
The Economic System of Hungary: An Analysis
What type of economic system does Hungary have? Hungary's economic system is a mixed economy pairing a private sector with a state-run public sector. Ranked 78th on the 2026 Index of Economic Freedom with a score of 62.5 and moderately free, it scores 65/100 on Freedom House, classed Partly Free, an electoral democracy without full…
The Economic System of Hong Kong: An Analysis
What type of economic system does Hong Kong have? Hong Kong's economic system is a mixed economy pairing a private sector with a state-run public sector. It scores 41/100 on Freedom House, classed Partly Free, a sharp fall from 61 in 2019 after the 2020 National Security Law. Since 2021 the Heritage Foundation assesses it…
The Guinea’s Economic System
What type of economic system does Guinea have? Guinea's economic system is a mixed economy pairing a private sector with a state-run public sector. On the 2026 Index of Economic Freedom it scores about 53, classed mostly unfree and ranked around 103rd globally, low in Sub-Saharan Africa. It scores 28/100 on Freedom House, down from…
The Greek Economic System
What type of economic system does Greece have? Greece's economic system is a mixed economy pairing a private sector with a state-run public sector. On the 2026 Index of Economic Freedom it scores 60.6, in the moderately free category yet among the lower-ranked economies in Europe. It scores 85/100 on Freedom House, classed Free, with…
The Economic System of Ghana: An Analysis
Ghana's economic system is a mixed economy, blending a private sector that makes autonomous decisions with a public sector where the state shapes production and distribution. What type of economic system does Ghana have? It leans toward markets. The 2026 Index of Economic Freedom gives Ghana 56.0 out of 100, rated Mostly Unfree, while Freedom…
