Denmark ranks 4th in 2014 Legatum Prosperity Index, while Norway is the most prosperous country in the world

Denmark ranks 4th globally in the 2014 Legatum Prosperity Index™, having risen two places place since last year.
 Denmark’s best performance is in the Entrepreneurship & Opportunity sub-index, where it ranks 2nd in 2014.
 Denmark’s lowest rank is in the Economy sub-index, where it ranks 18th in 2014.

Norway is the most prosperous country in the world, closely followed by Switzerland and New Zealand, according to an international Index published by the Legatum Institute.

The 2014 Legatum Prosperity Index™ ranks 142 countries in the world in eight categories including economic success, opportunity, health, and personal freedom.

The 2014 Prosperity Index measures a set of eight categories that reveal how nations perform both economically and in vital areas of education, health, personal freedom, safety & security, entrepreneurship, and more. The Index covers 142 countries in the world, accounting for 96 per cent of the world’s population and 99 per cent of global GDP making it the most comprehensive tool of its kind.

Norway finishes highest on the annual Prosperity Index for the sixth year in a row and retains its place in 2014 due to its high ranking in the Economy (3rd), Health (5th), Education (5th), Governance (7th), and Personal Freedom (2nd) sub-indices. Switzerland is ranked 2nd in the Index for the second year in a row while New Zealand has risen from fifth to third since last year. The UK is the most prosperous of all the leading major EU nations, coming ahead of Germany (14th), France (21st), Spain (26th) and Italy (37th).

The least prosperous countries are predominantly found in sub-Saharan Africa, with the Central African Republic bottom of the rankings, followed by Chad and Congo (DR). The lack of good quality healthcare and personal freedom combined with poor economic performance means that many sub-Saharan countries are ranked close to the bottom of the Index. Sierra Leone – the worst-affected country of the recent Ebola outbreak – is the worst performing country on the Health sub-Index.

The 5 most prosperous countries include:

1. Norway

2. Switzerland

3. New Zealand

4. Denmark

5. Canada

James Barty, Senior Adviser at the Legatum Institute, said: “Prosperity is not just about having a strong economy, it is about having great education, healthcare, and freedom to choose among other things. Norway tops our index, helped by its economy but also by strong social values and success in education and health.  New Zealand is the highest climber, helped by a strong economy but also by personal freedom and social capital.

“The Prosperity Index shows that countries that have recovered faster from the financial crash are those where social bonds between people create trust, compassion and tolerance, where individual liberty is protected and where the rule of law is upheld. Germany, the UK and Canada showed strength in these areas, while Italy, Spain and Greece all performed poorly.”

Learn more at www.li.com and www.prosperity.com

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