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# Countries with greater economic freedom have **substantially higher per-capita incomes**

![Economic Freedom and Incomes](/sites/cato.org/files/styles/pubs_2x/public/2024-02/CleanShot%202023-12-20%20at%2015.10.43%402x.png?itok=KoKzbkiY) 

May 8, 2024 

Sources 

Sources 

James Gwartney et al., [Economic Freedom of the World: 2023 Annual Report](https://www.cato.org/economic-freedom-world/2023#:~:text=Economic%20Freedom%20of%20the%20World%20seeks%20to%20measure%20the%20consistency,think%20tanks%20around%20the%20world.) (Vancouver: Fraser Institute, 2023), p. 18.

Notes 

Notes 

PPP = purchasing power parity.

For questions please contact <insights@cato.org>.

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[Cato Insights](/insights)

[Cato Insights](/insights) illustrate, through thought-provoking data visualizations, important truths central to promoting and supporting a more free and open society.

[Cato Insights Gallery](/insights) 

##### Latest Cato Insights 

[##### Sweden’s excess death rate during the pandemic was **the lowest in Europe**

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](https://www.cato.org/insights/swedens-excess-death-rate-was-lowest-in-europe) 

[##### The number of **federal government subsidy and benefit programs** for individuals and businesses is soaring

![Cato Insights - Federal Subsidy Programs for Individuals](/sites/cato.org/files/styles/gallery/public/2024-04/Insight_%20Number%20of%20Federal%20Subsidy%20Programs%402x.png?itok=jGvyPXxS) 

](https://www.cato.org/insights/number-of-federal-government-subsidy-benefit-programs-is-soaring) 

[##### **More than 99%** of people who want to immigrate to the US don’t qualify

![Cato Insights - Less Than 1 Percent Get Greencards](/sites/cato.org/files/styles/gallery/public/2024-04/insights-greencard-applicants-breakdown.png?itok=a1D2wGlv) 

](https://www.cato.org/insights/more-than-99-percent-of-immigrants-do-not-qualify) 

[##### The world economy has increased **more than a hundredfold** since the ‘Great Enrichment’ began 200 years ago

![Cato Insights - The Great Enrichment Hockeystick](/sites/cato.org/files/styles/gallery/public/2024-04/World%20GDP%20Growth_0.png?itok=l1LemNvg) 

](https://www.cato.org/insights/world-economy-has-grown-hundredfold) 

[##### More countries have **decoupled economic growth** from carbon dioxide emissions

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[##### Only **~1 in 50** federal convictions come from jury trials

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](https://www.cato.org/insights/only-1-in-50-federal-convictions-come-from-jury-trials) 

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