On average, countries categorized as “Free” (highly capitalist) have a GDP per capita nearly 10 times higher than those categorized as “Repressed” (highly state-controlled or socialist). There is a consistent positive correlation where higher levels of economic freedom (lower government intervention, stronger property rights, and open markets) correspond to higher average incomes. Iconic capitalist hubs like Singapore and Switzerland maintain some of the highest standards of living globally ($90k–$150k+ PPP), while modern states with heavy socialist policies or state control, like Venezuela, have seen significant economic declines ($8k PPP or lower).