IBOV 204,626.74 ▲ 0.15% IPSA 10,944.69 ▼ 0.25% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,848,932 ▼ 0.35% COLCAP 2,577.69 ▼ 0.11% BVL PERÚ 60,210.69 ▼ 0.11% USD/BRL5.07▼ 0.51% USD/MXN18.48▲ 0.38% USD/CLP984.13▲ 0.30% USD/COP3,177▼ 0.57% USD/PEN3.44▼ 0.04% USD/ARS1,518▲ 0.30% USD/UYU40.13▲ 3.08% USD/PYG5,686▲ 3.07% USD/BOB11.61▲ 2.27% USD/DOP61.26▲ 0.43% USD/CRC448.47▲ 1.59% USD/GTQ7.65▲ 3.30% USD/HNL26.86▲ 0.34% USD/NIO36.62▼ 0.07% USD/VES877.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.13% EUR/BRL5.70▲ 0.98% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 204,626.74 ▲ 0.15% IPSA 10,944.69 ▼ 0.25% IPC MEX 67,663.29 ▲ 1.31% MERVAL 2,848,932 ▼ 0.35% COLCAP 2,577.69 ▼ 0.11% BVL PERÚ 60,210.69 ▼ 0.11% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Friday, October 16, 2026

Democracy’s Decline: A Global Alert

By · February 18, 2024 · 2 min read

The Economist Intelligence Unit (EIU) has sounded the alarm on the worldwide decline of democracy.

Its 2023 report, unveiled on February 15, reveals the Democracy Index at its lowest since the survey began in 2006.

Globally, the average score fell to 5.23 from 5.29 the previous year. This dip signals a worrying trend of democratic backslide and stagnation over recent years.

As of 2023, 74 countries qualify as democracies, with 24 achieving the status of “full democracies.” Meanwhile, the number of “flawed democracies” has increased to 50.

Authoritarian regimes govern over one-third of the global population (39.4%).

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These findings expose a troubling increase in non-democratic and hybrid regimes, which significantly obstruct global democratic advancement.

Starting in 2016, this downward trajectory was exacerbated by the impact of the COVID-19 pandemic on civil liberties.

Democracy's Decline: A Global Alert.
Democracy’s Decline: A Global Alert.
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Last year, various conflicts, including the war in Ukraine and unrest in Sudan, further eroded democratic norms.

Despite challenges, Ukraine has maintained higher democratic standards than its aggressor, Russia.

Brazil’s ranking as a “flawed democracy” remained unchanged, holding the 51st position.

Norway leads as the most democratic nation, a status it has enjoyed for 14 years, followed by New Zealand and Iceland.

At the other end, Afghanistan, Myanmar, and North Korea rank lowest.

Background

The Democracy Index, now in its 18th year, assesses democracy in 167 entities based on electoral processes, government functionality, political engagement, culture, and civil liberties.

The index assigns scores from 0 to 10 to countries and categorizes them into one of four governance types: full democracies, flawed democracies, hybrid regimes, and authoritarian regimes.

As of 2023, 74 countries are considered democracies, with 24 labeled as “full democracies.” The count of “flawed democracies” has risen to 50.

The findings reveal a concerning consolidation of non-democratic and hybrid regimes, posing significant hurdles to global democratic progress.

The EIU’s democracy measure shows that 45.4% of the world’s population lives in some form of democracy, but only 7.8% in a “full democracy” (scores above 8.00).

The number of democracies rose by two in 2023, with upgrades for Paraguay and Papua New Guinea from “hybrid regimes” to “flawed democracies.”

Greece achieved “full democracy” status, while Chile moved to “flawed democracy.” Pakistan dropped to an “authoritarian regime,” and Angola improved to a “hybrid regime.”

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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