According to the Legatum Prosperity Index, Uruguay ranks the highest of all Latin American countries excelling in Personal Freedom. The country ranked number 30, some of the leaders overall being Norway with Switzerland following, New Zealand, Denmark, Canada, Sweden, Australia, Finland, Holland and United States.
The Legatum Prosperity Index measures countries based on Economy, Entrepreneurship & Opportunity; Governance; Education; Health; Safety & Security; Personal Freedom and Social Capital. Although excelling in Personal Freedom rankings, the country was a bit lower in areas like Education, standing at number 68 and Economy, 55.
“In the region Chile figures in position 33, Argentina, 46; Brazil, 49; Mexico, 64; Colombia, 66; and Venezuela 100,” (Merco Press).
Overall, for Personal Freedom (30) and Governance (31), Uruguay maintains some of the freest political and labor conditions on the continent, according to the CIA World Factbook.
“Uruguay has a free market economy characterized by an export-oriented agricultural sector, a well-educated work force, and high levels of social spending,” (CIA World Factbook).