2018 Legatum Prosperity Index: Global prosperity rises to highest ever level
Wednesday, 28 November 2018
Global prosperity rises to highest ever level, but falling safety and security poses major challenges for individuals, communities and nations around the world.
The 2018 Legatum Prosperity Index identifies that:
- Global prosperity is at its highest level in the 12-year history of the Index, with more people living prosperous lives than ever before.
- The gap between countries with the highest and lowest prosperity scores is widening.
- Safety and Security is the foundation of successful nation-building and is the essential precondition of prosperity.
- Safety and Security continues to decline, with the most significant deterioration found in MENA and sub-Saharan Africa, driven by war, terrorism, oppressive regimes, and the declining availability of food and shelter.
- Prosperity is dependent on good leadership to identify and pursue domestic priorities, mobilising support for a clear agenda for development.
The 12th edition of the Legatum Prosperity Index shows that prosperity has continued to rise around the world over the past year, reaching its highest ever level and continuing the steady increase witnessed since the inception of the Index in 2007.
Read the full report here.
Visit prosperity.com to explore how prosperity is changing around the world.
The Central and Eastern Europe Prosperity Report: Smart strategies to further improve economic and social wellbeing
Tuesday, 25 September 2018
Central and Eastern Europe is at a cross roads; the choices made over the next few years are going to determine the sustainability of future prosperity.
Over the last thirty years the rise in prosperity across Central and Eastern Europe has been truly remarkable. But as convergence with Western Europe has slowed over the last decade, less than 20% of the gap in prosperity has been closed, and serious questions now loom. Even so, the Legatum Institute believes that whatever path is followed the common foundations of prosperity, including: rule of law; government integrity and performance and an engaged citizenry are going to be critical to success. If the region were a single country, the average score in the Legatum Prosperity Index would now rank it at 38th in the world. Long-term prosperity is ever more dependent on creating the conditions that develop, attract, retain, and welcome home, highly skilled citizens. Read the report here
Philippa Stroud shares why it’s important to empower women in order for a nation to reach its potential
Friday, 29 June 2018
Losing a partner will often be the most traumatic experience a person faces and can lead to detrimental effects on a person’s mental and physical health.
For many of the estimated 258 million widows globally, this grief and loss can be coupled with crushing poverty and persecution. For the estimated 584 million children of these women, this poverty can be extremely difficult to escape and can significantly affect the prosperity of the next generation. Around 11% of the world’s population live in extreme poverty, but globally almost 15% of widows live in extreme poverty where they are unable to meet their basic needs. The number of widows and the situation widows find themselves in are often symptomatic of wider issues in their society, and an effective response cannot fail to consider this within a wider context.
Legatum Institute receives prestigious award recognising our global Prosperity Index
Friday, 22 June 2018
We are honoured to accept the 2018 Award for the Betterment of the Human Condition from the International Society for Quality of Life Studies. This award has been given to recognise our work on the Prosperity Index, which has been an important tool for measuring prosperity across the globe for over a decade.
To be considered for this prestigious award, an organisation must have made a significant contribution to the development and use of Quality of Life measures. Past recipients include the United Nations Development Programme, the Gallup Organisation, and the OECD Better Life Index. We are honoured to be named among such a distinguished group.
New leadership could put Ethiopia on a pathway toward greater stability
Thursday, 29 March 2018
The profile of Ethiopia's leader-in-waiting promises to bring three years of anti-government protests to an end.
Africa’s second most populous country has been in a state of emergency since February, following Prime Minister Hailemariam Desalegn’s unexpected resignation after five years in power. His departure came in response to three years of social unrest which have claimed the lives of hundreds of people. Protests have been caused by persistent concerns over human rights violations including the imprisonment, torture and extrajudicial killing of political dissidents.
Official launch of The Quest for Prosperity: Shaping Australia's Future
Thursday, 18 January 2018
The Legatum Institute and The Chartered Accountants of Australia and New Zealand launched the latest paper from the Prosperity Index, The Quest for Prosperity: Shaping Australia’s Future.
The Hon Alexander Downer AC, Australia's High Commissioner to the United Kingdom, and Dr Stephen Brien, Senior Fellow at the Legatum Institute discussed the findings of the paper, which looks at the make-up of Australian prosperity and what Australia needs to do in order to ensure it continues delivering high living standards for all Australians.
Read the paper here.
The 2017 Legatum Prosperity Index™
Wednesday, 29 November 2017
Norway comes first in the 2017 Legatum Prosperity Index™ beating New Zealand into second place. This year's Index shows that global prosperity now sits at its highest level since 2007, in spite of significant international turbulence.
The 11th edition of the Prosperity Index reveals a number of surprising global, regional and national trends in economic and social wellbeing, including an alarming deterioration in global security and a widening gap between the most and least prosperous nations.
Read the full report here.
Go to the Prosperity Index website.
The Quest for Prosperity: Shaping Australia's future
Friday, 27 October 2017
The political landscape in Australia currently faces a number of issues that threaten the future prosperity of the nation – issues related to economic and social wellbeing. From housing affordability, environmental issues, economic growth to funding issues for critical infrastructure. These issues manage to divide the nation between elections and these are the issues that all sectors of society are trying to address.
The Quest for Prosperity: Shaping Australia's future, has been prepared by the Legatum Institute in consultation with Chartered Accountants Australia and New Zealand. It examines Australia’s prosperity over the last decade – their current strengths and weaknesses and what this means to keep Australia’s living standards rising into the next decade.
Read the paper here.
The Quest for Prosperity: Shaping the future of our regions
Tuesday, 24 October 2017
Prosperity was once considered purely a measurement of financial success. Today though, it’s a vital indicator of a nation’s health across the economy, society and the natural environment.
The quest for prosperity unites all countries — as they strive to improve communities, industries, health outcomes and preserve vital tourism and agricultural assets.
This paper has been prepared by the Legatum Institute in consultation with Chartered Accountants Australia and New Zealand. It is a data-driven analysis of prosperity across Australia, Hong Kong, Malaysia, New Zealand, Singapore, and the UK — key markets for Chartered Accountants Australia and New Zealand and its members.
Read the paper here.
The Quest for Prosperity: How can New Zealand keep living standards rising for all?
Monday, 21 August 2017
For a number of years, New Zealand has topped the Legatum Prosperity Index™ largely in part due to its high scores for its open economy and strong social capital. Our latest paper written by the Prosperity Index team and commissioned by the Chartered Accountants of Australia and New Zealand, looks at what New Zealand needs to do in order to ensure it continues delivering high living standards for all New Zealanders.
“New Zealand should be proud of the way it currently delivers and secures prosperity for Kiwis,” says Stephen Brien Senior Fellow at the Legatum Institute. “However, maintaining and furthering that prosperity in the future will depend on the depth and breadth of the nation’s human capital.
“To achieve ongoing prosperity, New Zealand must ensure as many people as possible are equipped with the required skills, and have the opportunity, to contribute to society. This will benefit not only the economy, but also the wellbeing of individuals and the communities they live in.”
Read the report here.
Central and Eastern Europe Prosperity Report
Thursday, 15 June 2017
This inaugural 2016 Central and Eastern European Prosperity Report underscores the importance of looking beyond wealth. It shows that while Central and Eastern Europe’s (CEE) average income remains far behind that of Western Europe, its prosperity has converged at a much faster rate.
Improving Austria's Prosperity
Friday, 28 April 2017
Launch in Vienna for the Legatum Institute's inaugural Central and Eastern Europe Prosperity Report.
Austria’s challenge and opportunity to increase its prosperity is closely connected to Social Capital
Friday, 28 April 2017
Austria’s Prosperity ranking in Central and Eastern Europe and worldwide paints a mixed picture of broad-based but stagnant prosperity
The Legatum Institute, the international think tank and educational charity, is launching its inaugural “Central and Eastern Europe Prosperity Report” on 28th April 2017 at Erste Group Bank in Vienna with a roundtable focused on Austria.
What China and the US Could Learn from Each Other
Thursday, 6 April 2017
Meetings between the US and Chinese national leaders have never been easy. More often than not they are fraught with conflicting strategic interests, intermittent trade frictions, and occasional miscommunicated agenda. Today’s meeting in Florida, between President Donald Trump and his Chinese counterpart President Xi Jinping promises to beat all previous such meetings in its difficulties for setting a common ground.
Harriet Maltby writes for CapX that Scotland's prosperity depends on the Union.
Tuesday, 21 March 2017
Harriet Maltby, Head of Policy and Research for the Legatum Prosperity Index™ says an independent Scotland may succeed. Brexit Britain may flounder. We cannot predict the future. However, we can say with confidence that Scotland’s path to prosperity would be far harder to travel alone. If sovereignty calls, then we should not stand in Scotland’s way. However, Scots must understand that going it alone would make their future even more uncertain.
Read the full article here.
Prosperity in an independent Scotland: Analysis from the Legatum Prosperity Index™
Friday, 17 March 2017
If Scotland were to become independent how will it impact the prosperity of future generations? The Legatum Prosperity Index™ team analyses the issue using data from the global Legatum Prosperity Index™ and data from the first ever UK Prosperity Index, mapping prosperity across 389 local authority areas.
Forbes Afrique features the Legatum Prosperity Index™
Tuesday, 28 February 2017
In this month's edition, Forbes Afrique look at what it means to be prosperous, citing the Legatum Institute's Prosperity Index which analyses the prosperity of 149 countries and offers a unique insight into how prosperity is forming and changing across the world.
Find out more about the The Legatum Prosperity Index™ here.
Video: What is Prosperity?
Thursday, 3 November 2016
As a measurement of prosperity, the Legatum Prosperity Index™
is unique. It gives a far truer picture of the life chances for the world’s population, and the performance of nations, than any Index of GDP alone could hope to. True prosperity is as much about wellbeing as wealth.
The UK Prosperity Index Has Some Harsh Lessons for Westminster
Thursday, 13 October 2016
The sooner true devolution starts, the sooner the people of Bolsover will feel as happy as those in West Somerset, writes Cristina Odone, Director of the Legatum Institute Centre for Character and Values. (Reaction)
UK Cities ‘Failing to Provide Basic Life Chances’
Wednesday, 12 October 2016
Report shows rural areas enjoy better quality of life despite being poorer writes Federica Cocco with Harriet Maltby, Head of Policy Research-Prosperity Index at the Legatum Institute contributing. (Financial Times)
2016 Africa Prosperity Report
Wednesday, 1 June 2016
Launched today, the 2016 Africa Prosperity Report shows that decades of economic growth across the continent has failed to deliver greater levels of prosperity for many African countries.
What Makes a Prosperous Nation? A Perspective from New Zealand
Thursday, 5 May 2016
The Legatum Institute’s Prosperity Index programme was delighted to host New Zealand's Deputy Prime Minister and Finance Minister, the Hon. Bill English MP, for a roundtable discussion of the path to a prosperous nation.
You Can't Prosper Just by Getting Richer
Saturday, 30 April 2016
How can a slum-dweller be happier than a City high-flyer? Because we have forgotten what matters: family, trust and charity, writes Cristina Odone, Director of the Centre for Character and Values at the Legatum Institute (The Times)
A Conversation with Nobel Prize-Winner, Angus Deaton
Saturday, 27 February 2016
The Legatum Institute was honoured to host Nobel Prize-winner and renowned economist, Professor Angus Deaton, as part of a meeting in Washington, DC with Prosperity Index advisors to discuss wealth creation and the many other drivers of prosperity.
Why is Cardiff Still Lagging Behind Other UK Capitals?
Tuesday, 22 December 2015
Cardiff comes behind other UK capitals in terms of both wealth and wellbeing. Innovative policies are required to reverse the damage done by the decline of heavy industry, argues Abigail Watson, Research Intern at the Legatum Institute (LeftFootForward.org)
It’s No Wonder Britain is Optimistic About Jobs
Tuesday, 3 November 2015
All the evidence points to serious progress in the economy, writes the Rt. Hon. Iain Duncan Smith, Secretary of State for Work and Pensions (The Times)
2015 Launch of the Global Legatum Prosperity Index™
Monday, 2 November 2015
The Rt. Hon. Iain Duncan Smith, MP launched the 2015 Legatum Prosperity Index™ on 2 November. The Index, which has been endorsed by Chancellor George Osborne, ranks 142 countries in terms of wealth and wellbeing.
2015 Legatum Prosperity Index™
Monday, 2 November 2015
Launched today, the 2015 Legatum Prosperity Index™
reveals Indonesia has made the most radical improvements since 2009, while the least prosperous countries are in Sub-Saharan Africa. For the seventh year running, Norway is the most prosperous country in the world.
2015 UK Prosperity Report
Monday, 2 November 2015
The UK Prosperity Report reveals Britain is more prosperous in 2015 than it has been at any point in the past seven years. The data is based on findings from the 2015 global Legatum Prosperity Index, published in November this year.
Nothing to Celebrate on the Greek National Day
Wednesday, 28 October 2015
As Greeks commemorate their 'OHI' to Italy's fascist regime and their joining the Allies in World War II, they will be contemplating a far grimmer scenario for the year ahead, writes Nick Dimou, Communications Assistant at the Legatum Institute (Huffington Post)
The Prosperity Problem
Sunday, 5 July 2015
In a special report for Newsweek, the Legatum Institute's Prosperity Index reveals which countries fared best—and worst—following 'The Great Recession' of 2008.
2015 Africa Prosperity Summit Report
Friday, 26 June 2015
The Legatum Institute has published a report that captures the core themes of its 2015 Africa Prosperity Summit in Dar es Salaam, Tanzania (May 2015). The report reveals four catalysts for Africa's future prosperity: innovation, women, security and data.
2015 Africa Prosperity Summit: Promoting Wealth and Wellbeing
Wednesday, 20 May 2015
GDP growth across the continent has fed an “Africa Rising” narrative. But many Africans have failed to benefit from the current economic boom. The Legatum Institute, with the support of the Ford Foundation, hosted a conference in Tanzania with experts from academia, civil society, business and politics to discuss how to promote true prosperity.
Unlocking Prosperity Potential
Tuesday, 21 April 2015
True prosperity has a capitalist core, writes Harriet Maltby, Government and Economics Researcher at the Legatum Institute (CapX)
Where is Best to Raise Children?
Monday, 16 March 2015
The latest Legatum Prosperity Index™ infographic shows the best countries for raising children.
A Celebration for Womenkind—But Not in Greece
Tuesday, 10 March 2015
Five years on from the country's debt crisis, International Women's Day 2015 finds women in Greece struggling with low pay, few choices and fear, writes Nikolaos Dimou, Communications Assistant at the Legatum Institute.
Workshop on the Usage of Data for Driving Social Entrepreneurship
Thursday, 19 February 2015
The Legatum Institute was proud to host the first in a series of workshops organised as part of the EU FP7 Web-COSI project. The Web-COSI project, part of the Europe2020 strategy, analysed how data can be used to drive social entrepreneurship.
Prosperity Can Save the World
Friday, 16 January 2015
Security and freedom is under threat; prosperity stands between these values and violence, repression, and impunity, writes Joana Alfaiate, Research Analyst at the Legatum Institute.
Prosperity: GDP and Beyond
Friday, 21 November 2014
The Legatum Institute hosted world-renowned expert on wellbeing, health economics and economic development, Angus Deaton, at the Harvard Club in New York. He discussed his work on wellbeing and why efforts to measure personal wellbeing, such as the Legatum Prosperity Index, are important.
Exploring Global Prosperity (Boston)
Wednesday, 19 November 2014
What does it mean for a nation to be prosperous? This event, hosted at the Legatum Center for Development and Entrepreneurship at MIT in Boston, explored the data and findings from the recently published 2014 Legatum Prosperity Index, the definitive measure of global progress.
Defining Opportunity and Prosperity Beyond Economic Growth (Washington, DC)
Tuesday, 18 November 2014
What does opportunity look like in the US today? The Legatum Institute and the Brookings Institution in Washington, DC were pleased to host a livestreamed panel discussion which looked beyond economic growth to understand what else is important for national prosperity.
Global Trends, Where to Export Next? (Webinar)
Tuesday, 18 November 2014
This webinar, hosted by the Legatum Institute and UK Trade and Investment, offered participants a summary of the latest findings from the 2014 Legatum Prosperity Index, helping to steer export strategies.
What Drives Prosperity in Africa?
Friday, 7 November 2014
The Legatum Institute was pleased to host a vibrant panel discussion on the theme of female entrepreneurship and African prosperity, at the 2014 African Leadership Network conference in Kigali.
Legatum Prosperity Index Extends Its Reach
Monday, 1 October 2012
Launching in October: The 2012 Legatum Prosperity Index. Our unique annual assessment of national prosperity based on both wealth and subjective wellbeing.