Legatum Prosperity Index

The Legatum Prosperity Index is an annual ranking of 142 countries, developed by the Legatum Institute, a division of the private investment firm Legatum. The ranking is based on a variety of factors including wealth, economic growth, education, health, personal well-being, and quality of life. In the 2015 rankings, Norway tops the list followed by Switzerland and Denmark. Twenty-seven of the top 30 countries are democracies.[1]

Methodology

The 2014 Legatum Prosperity Index is based on 89 different variables analysed across 142 nations around the world. Source data includes Gallup World Poll, World Development Indicators, International Telecommunication Union, Fragile States Index, Worldwide Governance Indicators, Freedom House, World Health Organisation, World Values Survey, Amnesty International, Centre for Systemic Peace. The 89 variables are grouped into 8 sub-indexes, which are averaged using equal weights. The 8 sub-indexes are:

For example, Personal Freedom includes freedom of speech and religion, national tolerance for immigrants and ethnic and racial minorities. The Social Capital sub-index includes the percentage of citizens who volunteer, give to charity, help strangers, and who feel they can rely on family and friends.

Oxford Analytica assisted in the early development of the Prosperity Index and has contributed to shaping the methodology. Today, the annual Index is produced and published by the Legatum Institute.

The Legatum Institute operates a transparent approach to its work on the Prosperity Index. To that end, the entire methodology of the Prosperity Index along with the data used to create it is available for free online. Detailed information about the 2014 Legatum Prosperity Index, the rankings and methodology are available at www.prosperity.com.

Rankings

2015 Rankings

Top 30

1.  Norway
2.   Switzerland
3.  Denmark
4.  New Zealand
5.  Sweden
6.  Canada
7.  Australia
8.  Netherlands
9.  Finland
10.  Ireland
11.  United States
12.  Iceland
13.  Luxembourg
14.  Germany
15.  United Kingdom
16.  Austria
17.  Singapore
18.  Belgium
19.  Japan
20.  Hong Kong
21.  Taiwan
22.  France
23.  Malta
24.  Spain
25.  Slovenia
26.  Czech Republic
27.  Portugal
28.  South Korea
29.  Poland
30.  United Arab Emirates

Bottom 20

123.  Iraq
124.  Sierra Leone
125.  Nigeria
126.  Ethiopia
127.  Republic of the Congo
128.  Zimbabwe
129.  Togo
130.  Pakistan
131.  Guinea
132.  Liberia
133.  Angola
134.  Sudan
135.  Yemen
136.  Syria
137.  Democratic Republic of the Congo
138.  Burundi
139.  Chad
140.  Haiti
141.  Afghanistan
142.  Central African Republic

2014 Rankings

Top 30

1.  Norway
2.   Switzerland
3.  New Zealand
4.  Denmark
5.  Canada
6.  Sweden
7.  Australia
8.  Finland
9.  Netherlands
10.  United States
11.  Iceland
12.  Ireland
13.  United Kingdom
14.  Germany
15.  Austria
16.  Luxembourg
17.  Belgium
18.  Singapore
19.  Japan
20.  Hong Kong
21.  France
22.  Taiwan
23.  Malta
24.  Slovenia
25.  South Korea
26.  Spain
27.  Portugal
28.  United Arab Emirates
29.  Czech Republic
30.  Uruguay

Bottom 20

123.  Zimbabwe
124.  Mauritania
125.  Nigeria
126.  Ethiopia
127.  Pakistan
128.  Iraq
129.  Syria
130.  Sudan
131.  Liberia
132.  Angola
133.  Guinea
134.  Sierra Leone
135.  Haiti
136.  Togo
137.  Afghanistan
138.  Yemen
139.  Burundi
140.  Democratic Republic of the Congo
141.  Chad
142.  Central African Republic

2013 Rankings

Top 30

1.  Norway
2.   Switzerland
3.  Canada
4.  Sweden
5.  New Zealand
6.  Denmark
7.  Australia
8.  Finland
9.  Netherlands
10.  Luxembourg
11.  United States
12.  Ireland
13.  Iceland
14.  Germany
15.  Austria
16.  United Kingdom
17.  Belgium
18.  Singapore
19.  Hong Kong
20.  France
21.  Japan
22.  Taiwan
23.  Spain
24.  Slovenia
25.  Malta
26.  South Korea
27.  Portugal
28.  United Arab Emirates
29.  Czech Republic
30.  Uruguay

Bottom 20

123.  Nigeria
124.  Zimbabwe
125.  Mauritania
126.  Ethiopia
127.  Liberia
128.  Sudan
129.  Sierra Leone
130.  Iraq
131.  Cote d'Ivoire
132.  Pakistan
133.  Angola
134.  Haiti
135.  Guinea
136.  Yemen
137.  Togo
138.  Burundi
139.  Afghanistan
140.  Democratic Republic of the Congo
141.  Central African Republic
142.  Chad

2012 Rankings

Top 30

1.  Norway
2.  Denmark
3.  Sweden
4.  New Zealand
5.  Australia
6.  Canada
7.  Finland
8.  Netherlands
9.   Switzerland
10.  Ireland
11.  Luxembourg
12.  United States
13.  United Kingdom
14.  Germany
15.  Iceland
16.  Austria
17.  Belgium
18.  Hong Kong
19.  Singapore
20.  Taiwan
21.  France
22.  Japan
23.  Spain
24.  Slovenia
25.  Malta
26.  Portugal
27.  South Korea
28.  Czech Republic
29.  United Arab Emirates
30.  Cyprus

Bottom 20

123.  Nigeria
124.  Mozambique
125.  Sudan
126.  Cote d'Ivoire
127.  Guinea
128.  Sierra Leone
129.  Angola
130.  Liberia
131.  Iraq
132.  Pakistan
133.  Ethiopia
134.  Yemen
135.  Zimbabwe
136.  Togo
137.  Burundi
138.  Haiti
139.  Chad
140.  Afghanistan
141.  Republic of the Congo
142.  Central African Republic

2011 Rankings

Top 30

1.  Norway
2.  Denmark
3.  Australia
4.  New Zealand
5.  Sweden
6.  Canada
7.  Finland
8.   Switzerland
9.  Netherlands
10.  United States
11.  Ireland
12.  Iceland
13.  United Kingdom
14.  Austria
15.  Germany
16.  Singapore
17.  Belgium
18.  France
19.  Hong Kong
20.  Taiwan
21.  Japan
22.  Slovenia
23.  Spain
24.  South Korea
25.  Portugal
26.  Czech Republic
27.  United Arab Emirates
28.  Poland
29.  Uruguay
30.  Italy

Bottom 20

91.  India
92.  Senegal
93.    Nepal
94.  Cambodia
95.  Bangladesh
96.  Tanzania
97.  Iran
98.  Rwanda
99.  Cameroon
100.  Uganda
101.  Zambia
102.  Kenya
103.  Mozambique
104.  Nigeria
105.  Sudan
106.  Yemen
107.  Pakistan
108.  Ethiopia
109.  Zimbabwe
110.  Central African Republic

2010 Rankings

Top 30

1.  Norway
2.  Denmark
3.  Finland
4.  Australia
5.  New Zealand
6.  Sweden
7.  Canada
8.   Switzerland
9.  Netherlands
10.  United States
11.  Ireland
12.  Iceland
13.  United Kingdom
14.  Austria
15.  Germany
16.  Belgium
17.  Singapore
18.  Japan
19.  France
20.  Hong Kong
21.  Slovenia
22.  Taiwan
23.  Spain
24.  Czech Republic
25.  Italy
26.  Portugal
27.  South Korea
28.  Uruguay
29.  Poland
30.  United Arab Emirates

Bottom 20

91.    Nepal
92.  Iran
93.  Mali
94.  Senegal
95.  Cambodia
96.  Bangladesh
97.  Tanzania
98.  Rwanda
99.  Uganda
100.  Sudan
101.  Zambia
102.  Cameroon
103.  Mozambique
104.  Kenya
105.  Yemen
106.  Nigeria
107.  Ethiopia
108.  Central African Republic
109.  Pakistan
110.  Zimbabwe

2009 Rankings

Top 30

1.  Finland
2.   Switzerland
3.  Sweden
4.  Denmark
5.  Norway
6.  Australia
7.  Canada
8.  Netherlands
9.  United States
10.  New Zealand
11.  Ireland
12.  United Kingdom
13.  Belgium
14.  Germany
15.  Austria
16.  Japan
17.  France
18.  Hong Kong
19.  Spain
20.  Slovenia
21.  Italy
22.  Portugal
23.  Singapore
24.  Taiwan
25.  Czech Republic
26.  South Korea
27.  Israel
28.  Hungary
29.  Poland
30.  Greece

Bottom 20

85.  Belarus
86.  Lebanon
87.  Bangladesh
88.  Egypt
89.  Zambia
90.    Nepal
91.  Mozambique
92.  Uzbekistan
93.  Cambodia
94.  Iran
95.  Kenya
96.  Algeria
97.  Tanzania
98.  Nigeria
99.  Pakistan
100.  Cameroon
101.  Central African Republic
101.  Yemen
103.  Sudan
104.  Zimbabwe

2008 Rankings

Top 30

1.  Australia
2.  Austria
3.  Finland
4.  Germany
5.  Singapore
6.  United States
7.   Switzerland
8.  Hong Kong
9.  Denmark
10.  New Zealand
11.  Netherlands
12.  Sweden
13.  Japan
14.  Norway
15.  France
16.  Belgium
17.  Canada
18.  United Kingdom
19.  Israel
20.  Ireland
21.  Taiwan
22.  Spain
23.  Slovenia
24.  Czech Republic
25.  Italy
26.  South Korea
27.  Chile
28.  UAE
29.  Malaysia
30.  Kuwait

Bottom 20

85.  Pakistan
86.  Ghana
87.  Nicaragua
88.  Ecuador
89.  Bangladesh
90.  Bolivia
91.  Cambodia
92.  Senegal
93.  Cameroon
94.  Sudan
95.  Nigeria
96.  Mozambique
97.  Kenya
98.    Nepal
99.  Zimbabwe
100.  Tanzania
101.  Central African Republic
102.  Mali
103.  Zambia
104.  Yemen

Legatum Institute

The Legatum Institute, the publisher of the index, is a privately funded think-tank founded in 2007 and located in Mayfair, London. It is funded by the private investment firm Legatum, which includes Legatum Capital, a portfolio investment fund manager; Legatum Ventures a double bottom line investment fund, the Legatum Foundation, a philanthropic organisation; and the Legatum Center for Development And Entrepreneurship at Massachusetts Institute of Technology, a collaboration with MIT that funds graduate student entrepreneurs from developing markets.[2]

Personnel

The Director of the Prosperity Index is the Danish economist Alexandra Mousavizadeh. The Prosperity Index is reviewed and critiqued by an advisory panel of academics and scholars representing a range of disciplines and includes: Prof Tim Besley(London School of Economics); Dr. Daniel Drezner (Tufts University); Dr. Carol Graham (Brookings Institution); Dr. Edmund Malesky (University of California, San Diego); Dr. Ann Owen (Hamilton College).

The Legatum Institute’s International Advisory Group also contributes and assists in the Prosperity Index: Prof Peter Skerry (Boston College); Prof Dan Chirot (University of Washington); Toby Mundy CEO (Atlantic Books); and Patrick Cheung.

See also

References

  1. ↑ Project Syndicate, Development’s Democratic Drivers, Jeffrey Gedmin
  2. ↑ Australian High Commission, "Australia Ranks First in Legatum Institute "Prosperity Index", Retrieved Apr. 3, 2009.

External links

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