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The Legatum Prosperity Index is an annual ranking developed by the Legatum Institute, an independent educational charity founded and part-funded by 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.
As of the 2021 rankings, 167 countries and territories were ranked, and Project Syndicate, Development's Democratic Drivers, Jeffrey Gedmin
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Denmark
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topped the list, followed by Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ...
and Sweden
Sweden, ; fi, Ruotsi; fit, Ruotti; se, Ruoŧŧa; smj, Svierik; sje, Sverji; sju, Sverje; sma, Sveerje or ; yi, שוועדן, Shvedn; rmu, Svedikko; rmf, Sveittiko. formally the Kingdom of Sweden, is a Nordic countries, Nordic cou ...
. South Sudan was in last place at 167th. In 2013, twenty-seven of the top 30 countries were democracies./ref>
Methodology
The 2018 Legatum Prosperity Index is based on 104 different variables analysed across 149 nations around the world. Source data includesGallup World Poll
Gallup may refer to:
*Gallup, Inc., a firm founded by George Gallup, well known for its opinion poll
*Gallup (surname), a surname
* Gallup, New Mexico, a city in New Mexico, United States
**Gallup station, an Amtrak train in downtown Gallup, New M ...
, World Development Indicators, International Telecommunication Union, Fragile States Index, Worldwide Governance Indicators, Freedom House
Freedom House is a non-profit, majority U.S. government funded organization in Washington, D.C., that conducts research and advocacy on democracy, political freedom, and human rights. Freedom House was founded in October 1941, and Wendell Wil ...
, World Health Organization, World Values Survey, Amnesty International, Centre for Systemic Peace. The 104 variables are grouped into 9 sub-indexes, which are averaged using equal weights. The 9 sub-indexes are:
* Economic Quality
* Business Environment
* Governance
* Education
* Health
* Safety & Security
* Personal Freedom
* Social Capital
* Natural Environment
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 at the institute's website.
Rankings and scores by country
2021
2020
2019
Legatum Institute
The Legatum Institute publishes the index.Personnel
The Director of the Prosperity Index is Dr. Stephen Brien. 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
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 mill ...
); Dr. Daniel Drezner (Tufts University
Tufts University is a private research university on the border of Medford and Somerville, Massachusetts. It was founded in 1852 as Tufts College by Christian universalists who sought to provide a nonsectarian institution of higher learnin ...
); 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
The University of Washington (UW, simply Washington, or informally U-Dub) is a public research university in Seattle, Washington.
Founded in 1861, Washington is one of the oldest universities on the West Coast; it was established in Seat ...
); Toby Mundy CEO (Atlantic Books
Atlantic Books is an independent British publishing house, with its headquarters in Ormond House in Bloomsbury, in the London Borough of Camden. It is perhaps best known for publishing Aravind Adiga's debut novel ''The White Tiger (Adiga novel) ...
); and Patrick Cheung.
See also
* Bhutan GNH Index * Broad measures of economic progress * Democracy Ranking *Demographic economics
Demographic economics or population economics is the application of economic analysis to demography, the study of human populations, including size, growth, density, distribution, and vital statistics.
Aspects
Aspects of the subject include
* ...
* Economic development
In the economics study of the public sector, economic and social development is the process by which the economic well-being and quality of life of a nation, region, local community, or an individual are improved according to targeted goals a ...
* Gender Development Index
* Genuine Progress Indicator (GPI)
* Global Peace Index
Global Peace Index (GPI) is a report produced by the Institute for Economics & Peace (IEP) which measures the relative position of nations' and regions' peacefulness. The GPI ranks 163 independent states and territories (collectively accounting ...
* Gross National Happiness
Gross National Happiness (GNH), sometimes called Gross Domestic Happiness (GDH), is a philosophy that guides the government of Bhutan. It includes an index which is used to measure the collective happiness and well-being of a population. Gross Nat ...
* Gross National Well-being (GNW)
* Happiness economics
The economics of happiness or happiness economics is the theoretical, qualitative and quantitative study of happiness and quality of life, including positive and negative affects, well-being, life satisfaction and related concepts – typically ...
* Happy Planet Index
The Happy Planet Index (HPI) is an index of human well-being and environmental impact that was introduced by the New Economics Foundation in 2006. Each country's HPI value is a function of its average subjective life satisfaction, life expectanc ...
(HPI)
* Human Development and Capability Association
* Human Development Index
The Human Development Index (HDI) is a statistic composite index of life expectancy, Education Index, education (mean years of schooling completed and expected years of schooling upon entering the Educational system, education system), ...
(HDI)
* Human Poverty Index
The Human Poverty Index (HPI) was an indication of the poverty of community in a country, developed by the United Nations to complement the Human Development Index (HDI) and was first reported as part of the Human Deprivation Report in 1997. It i ...
* Index of Sustainable Economic Welfare (ISEW)
* International development
International development or global development is a broad concept denoting the idea that societies and countries have differing levels of economic development, economic or human development (humanity), human development on an international scal ...
* Millennium Development Goals
The Millennium Development Goals (MDGs) were eight international development goals for the year 2015 that had been established following the Millennium Summit of the United Nations in 2000, following the adoption of the United Nations Millenn ...
(MDGs)
* Money-rich, time-poor
* OECD Better Life Index BLI
* Psychometrics
Psychometrics is a field of study within psychology concerned with the theory and technique of measurement. Psychometrics generally refers to specialized fields within psychology and education devoted to testing, measurement, assessment, and ...
* Subjective life satisfaction
Life satisfaction is a measure of a person's well-being, assessed in terms of mood, relationship satisfaction, achieved goals, self-concepts, and self-perceived ability to cope with life. Life satisfaction involves a favorable attitude towards one ...
* System of National Accounts
The System of National Accounts (often abbreviated as SNA; formerly the United Nations System of National Accounts or UNSNA) is an international standard system of national accounts, the first international standard being published in 1953. Handbo ...
* Welfare economics
Welfare economics is a branch of economics that uses microeconomic techniques to evaluate well-being (welfare) at the aggregate (economy-wide) level.
Attempting to apply the principles of welfare economics gives rise to the field of public econ ...
* Where-to-be-born Index
* World Happiness Report
The World Happiness Report is a publication that contains articles and rankings of national happiness, based on respondent ratings of their own lives, which the report also correlates with various (quality of) life factors. As of March 2022, Fin ...
(WHR)
* World Values Survey (WVS)
References
External links
* {{Poverty International development International quality of life rankings