The Legatum Prosperity Index™ is a unique and robust assessment of global wealth and wellbeing, which benchmarks 142 countries around the world in eight distinct categories: Economy; Education; Entrepreneurship & Opportunity; Governance; Health; Personal Freedom; Safety & Security; and Social Capital.
What is prosperity, and how is it achieved?
The Prosperity Index seeks to answer these two fundamental questions. Most people would intuitively agree that “prosperity” is not just about money but also about quality of life. The Index defines prosperity as both wealth and wellbeing, and finds that the most prosperous nations in the world are not necessarily those that have only a high GDP, but are those that also have happy, healthy, and free citizens.
The key findings from the 2013 year Index are:
- US drops out of top 20 in the Economy sub-index.
- Latin America and the Caribbean rise above the world average in the Economy sub-index for the first time in 2013.
- Bangladesh overtakes India in overall Prosperity.
- Norway tops the Index for the fifth consecutive year.
- Botswana is the highest ranking Sub-Saharan country for the fifth consecutive year.
Now with five years of comparable data the 2013 Prosperity Index is able to chart some important trends:
- Since 2009 Global prosperity is increasing, and this year for the first time, all sub-indices are higher than they were five years ago.
- All the sub-regions, except for Northern Europe, are also more prosperous than they were in 2009. The sub-region that has improved the most is Central Asia, followed by sub-Saharan Africa.
- Despite prosperity increasing across the globe, Europe remains below its peak on the Economy sub-index; not yet fully recovering from the financial crisis and ensuing recession. As a result many European countries have dropped out of the top 20 of the Economy sub-index, including France (22nd), Denmark (23rd), Belgium (25th), Finland (26th), and Ireland (33rd). They have been replaced by rapidly growing Asian economies, including China (7th), Thailand (12th), Taiwan (16th) and South Korea (19th).
Visit www.prosperity.com to find out more.
Video - The Path to Prosperity
2012 Legatum Prosperity Index™
Belows is a brief video introducing the Prosperity Index:
Barriers to prosperity
In 2012 the Legatum Prosperity Index™ redrew the world map, pulling nations into new proximities based on shared attributes. The six new continents reveal that even the most robust economies face their own obstacles to achieving prosperity. The continents have been characterised as follows:
Below is a short clip which shows the redrawn world map:
- Growth without Personal Freedom.
- Social Capital as a substitute for Governance.
- Long road to prosperity.
- Promising economies, unsafe countries.
- Good Education, poor Governance.
- Top performers.