Chile’s economic freedom score is 78.5, making its economy the 7th freest in the 2015 Index. Its overall score is 0.2 point lower than last year, with an improvement in monetary freedom outweighed by declines in labor freedom, freedom from corruption, and the control of government spending. Still one of the 10 freest economies in the Index, Chile enjoys the highest degree of economic freedom in the South and Central America/Caribbean region.