20 Countries With The Most Religious Freedom In The World

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In this article, we shall discuss 20 countries with the most religious freedom in the world. To skip our detailed analysis of the relationship between freedom of religion and economic growth, and diversity, equity and inclusion (DE&I) in general, go directly and see 10 Countries With The Most Religious Freedom In The World

Freedom of Religion and Economic Growth: An Analysis

According to a study by Georgetown University and Brigham Young University, freedom of religious belief is one of the most important factors commonly associated with economic growth. The study considered the GDP growth of more than 170 countries globally in 2011 and accounted for more than 25 different financial, social, and regulatory variables. Whilst this is not conclusive evidence of a positive correlation between freedom of religion and economic growth, it does merit consideration as an unrecognized asset, especially in the current context of consistent macroeconomic headwinds, supply chain constraints, and inflationary pressures. In this vein, the study also sheds light upon the fact that there exists a positive relationship between religious freedom and 10 of the 12 pillars associated with global competitiveness, as measured by the World Economic Forum's Global Competitiveness Index 2020 especially in some of the countries with the most religious freedom in the world. Companies like Alphabet Inc. (NASDAQ:GOOG), Intel Corporation (NASDAQ:INTC), and Ford Motor Company (NYSE:F) topped the 2023 edition of the REDI Index, which measures a company's commitment to including religion as part of its overall diversity initiatives. You can read more on religions around the world in our article 20 Most Religious Countries in the World. 

According to another report by the World Economic Forum, secular policymaking often leads to higher levels of institutional corruption. The report states that nine of the ten countries which have the highest levels of corruption as per Transparency International have incredibly high governmental restrictions on religious liberty. One such example is North Korea, which is one of the most restrictive countries in the world when it comes to religion and makes our list of 8 Countries Where Religion is Illegal. The basic assumption to this assertion is that religious freedom encourages business leaders to draw on spiritual values and moral teachings as they conduct themselves in the business arena in countries with the most religious freedom in the world. Religious teachings also tend to seep into business ethics.