Global Capitalism Index

Developed by the Democracy & Capitalism Lab at the University of Virginia, the Global Capitalism Index is a measurement of capitalism consisting of 8 subindices across 170 countries from 2009 to 2025.
What is capitalism?
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Score
0
50
100
2025

Global Capitalism Index

The composite index combines all eight subindices into a single measure of the institutional quality of a country's market system. It reflects how fully a country's institutions allow capital to be deployed and markets to function, free of constraint from both governmental and private actors.

Global Capitalism Index Leaders

2025
1
Switzerland
96.9
GCI
2
United States
95.0
GCI
3
Hong Kong
94.5
GCI
4
Canada
93.8
GCI
5
Singapore
93.3
GCI
6
Luxembourg
92.5
GCI
7
Denmark
91.9
GCI
8
Australia
91.6
GCI
9
Sweden
90.6
GCI
10
Norway
90.3
GCI

We identify
8 subindices
to evaluate capitalist economies

PROP
:
Property Rights
PLCY
:
Market-Supporting Policy
COMP
:
Market Competition
SOPH
:
Capital Market Sophistication
BANK
:
Banking System
BUSI
:
New Business
LABR
:
Labor Market Openness
FLOW
:
Free Flow of Goods and Capital
Together, these 8 subindices combine to make the Global Capitalism Index. Individually, they outline an essential component of capitalism, and each subindex can be analyzed on its own.
Explore our methodologyRead the white paper
Produced by the Democracy and Capitalism Lab at the Karsh Institute for Democracy, with the Darden School of Business.
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Contact us at DemCap@virginia.edu
© 2026
By the Rector and Visitors of the University of Virginia