As explained in this clip from an interview last fall, Javier Milei implemented great reforms in his first year using presidential authoriy, had slower progress in his second year because of a hostile legislature, and looks like he will have a strong third year thanks to great results in last October’s mid-term elections.

Today, let’s quantify how much President Milei has boosted economic liberty in Argentina.

The Heritage Foundation just released the new version of its Index of Economic Freedom. Normally, that means I write a column lauding the nations at the top and castigating the countries at the bottom.

But this tweet from President Milei’s Minister of Deregulation captures the biggest highlight from this year’s report.

Minister Sturzenegger acknowledged there’s still “a long road ahead.”

To understand what he means, here’s a visual from the Index. As you can see, Argentina still has miserable – sometimes awful – scores in most areas.

What’s remarkable is that Milei has made great progress against inflation, but “Monetary Freedom” remains Argentina’s weakest area.

That tells you everything you need to know about the terrible policy environment that existed when Milei first took office.

Let’s conclude by sharing what the Index of Economic Freedom wrote about Argentina.

Argentina’s economic freedom score is 57.4, making its economy the 106th freest in the 2026 Index of Economic Freedom. Its rating has increased by 3.2 points from last year, which makes Argentina the best-performing country in the 2026 Index. Argentina is ranked 23rd out of 32 countries in the Americas region, and its economic freedom score has been improving significantly over the past three years under President Javier Milei compared to global and regional averages. October 2025’s decisive midterm election victory provided reform-minded President Javier Milei with concrete support and greater momentum for continuing to transform Argentina’s economy. Although the economy still faces lingering economic challenges, Milei’s reform agenda has yielded notable and measurable progress. Management of public finance has been improved and made more disciplined as various fiscal and regulatory reforms have reduced the size and scope of government. Inflation has been declining, and monetary stability has been strengthened.

Javier Milei said he wants to turn Argentina into the world’s freest economy.

His first two years have been a good beginning. And his just-enacted labor law reform is a good beginning to his third year.

But with so many problems that still need fixing, he’ll definitely need a second term.

P.S. At the risk of stating the obvious, just about every country in the world needs a dose of Milei-ism.