If this topic is your bag, please check it out. It's fascinating and surprising. (The clue is probably in the question, but who would you expect to rank higher, the UK or the US?) It's well worth reading the analysis - the list just gives you a snap shot of where we are now - the accompanying text gives some indication of where we are headed. Results go back to 1995 so there is a basis for comparison with previous administrations. It also provides raw data if you want to challenge their conclusions.
The index is published by a conservative think tank (the heritage foundation - you can read all about their history on the website) so it is not politically 'neutral'. However, that does not mean that their conclusions are invalid. Broadly they belive in a link between ecomic freedom and prosperity - however, it's not as simple as most free = most prosperous. There are other factors such as natural resources. e.g. Norway's oil reserves. Anyway, it's all there for you, if you want to explore it in more detail.
2006 Index of Economic Freedom
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