The first eleven units of our Socialism campaign cover theoretical and historical aspects of socialism and their implementations. This final unit provides recent data on countries that are currently socialistic.
Four countries proclaim themselves communist: China, Laos, Cuba, Vietnam. Eight more reference socialism in their constitutions: The People’s Republic of Bangladesh, Co-operative Republic of Guyana, Republic of India, North Korea, Federal Democratic Republic of Nepal, Portuguese Republic, Democratic Socialist Republic of Sri Lanka, and the United Republic of Tanzania. Several others have socialist parties with governing majorities: Angola, Bolivia, Congo, Ecuador, El Salvador, Ethiopia, Guinea-Bissau, Greece, Mozambique, Nicaragua, Uruguay, and Venezuela.
We analyzed and compared these 24 countries to each other and the rest of the world based on publicly-available indices and databases.
Human Freedom (CATO Institute’s 2019 Human Freedom Index):
GDP (World Bank):
China vs. Hong Kong (World Bank):
North Korea vs. South Korea (World Bank):
Chile vs. Venezuela (World Bank):
Compiled by Andrei Volkov and Stephen Hicks, 2020.