The Legatum Prosperity Index 2015 released

Nov 3, 2015 15:31 IST

The Legatum Prosperity Index 2015The Legatum Prosperity Index 2015 was released on 2 November 2015 by the Legatum Institute in London. The index offers insight into how prosperity is forming and changing across the world.

In terms of overall prosperity, While Norway topped the table consecutively for the seventh year in a row; Central African Republic was at the bottom among the 142 countries surveyed.

Overall prosperity ranking:  Norway (1), Switzerland (2), Denmark (3), New Zealand (4) and Sweden (5) topped the table, while Burundi (138), Chad (139), Haiti (140), Afghanistan (141) and Central African Republic (142) were at the bottom.


The prosperity index comprises eight sub-indices and performance of countries in key areas is as follows-

Economy: While Singapore ranked 1st in the Economy sub-index, up from 2nd last year, Liberia was at the bottom of the table.
Entrepreneurship & Opportunity: While Sweden topped the sub-index, Central African Republic was the worst performer.
Education: While Australia performed well in the world, Central African Republic had poor indices intermesh of education.

Health: USA topped in terms of health, While Central African Republic was at the bottom.

Safety & Security:
While residents of Hong Kong enjoyed highest safety and security, Democratic Republic of Congo was the least safe among the surveyed countries.

Personal Freedom:
While press freedom in Canada was highest during the survey period, Yemen was the worst performer in this sub-index.

Social Capital: While residents of New Zealand enjoyed highest social capital, Togo had least social capital.

Governance: While governance in Switzerland was adjudged as the best, Afghanistan was at the bottom in terms of governance.

Report with respect to India
India ranked 99 overall in terms of prosperity out of the 142 countries surveyed. India continued to improve prosperity that is evident from its ranking of 106 and 102 in 2013 and 2014 respectively.

Performance of India in eight sub-indices

Sub-Index

Rank

Economy

61

Entrepreneurship & Opportunity

94

Governance

53

Education

92

Health

107

Safety & Security

114

Personal Freedom

79

Social Capital

129

What is unique about the index?
Traditionally, a nation's prosperity has been based solely on macroeconomic indicators such as a country's income, represented either by GDP or by average income per person (GDP per capita). In contrast, the Prosperity Index takes into account both income and wellbeing.

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