Insider Monkey
15 Freest Countries in Asia
Talha Qureshi
9 min read

In This Article:

In this article, we will look at the 15 freest countries in Asia. If you want to skip our detailed analysis, you can go directly to the 5 Freest Countries in Asia.

The United Nations Universal Declaration of Human Rights outlines a wide range of basic human rights and freedoms, including the right to social security, liberty, economic liberty, and personal development. According to the Human Freedom Index 2023 by the Cato Institute, human freedom suffered greatly during COVID-19. Regarding population percentage, 89.8% of the world's population witnessed a decrease in freedom from 2019 to 2021. Moreover, the report also highlights the unequal distribution of human freedom worldwide and finds only 13.8% of the world's population living in the top quartile in terms of human freedom. Meanwhile, 37.6% of the world's population lives in the bottom quartile of the human freedom index. To read more about the freest countries, you can read about the 25 Freest Countries In the World.

Economic Outlook of Asia

Asia remains one of the fastest growing economies in the world. According to the April 2024 report by the Asian Development Bank, the Asian economy is forecasted to grow by 4.9% in 2024 and 2025. Moreover, inflation is also projected to decrease to 3.2% and 3.0% in 2024 and 2025, respectively. The growth in the region is attributed to strong domestic demand, high consumption rates, and increased domestic investment. For Instance, Taiwan experienced strong economic growth in the fiscal fourth quarter of 2023 due to the pick-up in domestic demand. On January 29, Reuters reported that the GDP of Taiwan is expected to have grown by 4.35% in Q4 2023, against the previous quarter's growth of 2.32%. Moreover, the exports for the country also grew by 3.4% in the fourth quarter compared to the same period in 2022. To read more about Asia, you can look at the 20 Most Diverse Countries in Asia.

The growth trends in Asia are diverse and vary across different subregions. On the one hand, the growth moderated in South and Southeast Asia from 6.6% and 5.7% in 2022 to 6.4% and 4.1% in 2023, respectively. On the other hand, growth in East Asia, the Caucasus, and Central Asia increased from 2.9% and 5.2% in 2022 to 4.7% and 5.3% in 2023. The diversity in the growth trends is mainly due to economic contractions and expansions within different countries. For Instance, the growth in East Asia is attributed to lifting pandemic mobility restrictions in China. In contrast, the contraction in South Asia is due to the stunted growth rates in Pakistan and Sri Lanka.

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