The lowest-ranked countries were Zimbabwe, Burma, Pakistan, Sri Lanka, and Syria.
The index was contained in a new book, Towards a Worldwide Index of Human Freedom, which examined the characteristics of freedom and how it could best be measured and compared between different nations.
The book's editor, Fred McMahon, said the intention was to measure the degree to which people were free to enjoy classic civil liberties-freedom of speech, religion, individual economic choice, and association and assembly-in each country surveyed.
"We also look at indicators of crime and violence, freedom of movement, legal discrimination against homosexuals, and women's freedoms."
The Fraser Institute is an independent Canadian public policy research and educational organisation.
Top 10 Countries:
1. New Zealand
2. Netherlands
3. Hong Kong
4. Australia
4. Canada
4. Ireland
7. United States of America
7. Denmark
9. Japan
9. Estonia
Bottom 10 Countries:
114. Cameroon
115. Burundi
116. Iran
117. Algeria
118. Democratic Republic of Congo
119. Syria
120. Sri Lanka
121. Pakistan
122. Burma
123. Zimbabwe