No, because of the points I've already said earlier,
1) They disregard N/A scores. Say primary school kids attend school
exams with 4 subjects. A boy falls sick on the day of one of the
paper that he is likely to fail. As a result his average score
became much higher and consequently his class ranking rose. I mean
seriously, you think N.Korea is more demoractic than
Malaysia?
2) Freedom of Press's score has a much higher determination value
than the other scores. Political rights and civil liberties both
had only 1-7 while press freedom and corruption has 1- 150 and 145
respectively. So a lot of countries are going to share the same
score on the first 2 scores, and the real differentiating points
are in the latter 2 scores. It's like say you take 4 subjects, 2 of
them are like your A levels scoring where you get A B and C while
the other two are calculated like PSLE where every score counts. So
a person who scored 69, 69 85 and 85 would get B, B + 170 and
another person who score 70, 70, 84 84 would get A, A +168. The
mean score for the two kids are the same, but because of the
scoring calculation technique, the latter's score would look better
and thus a higher rank.