Legatum Prosperity Index 2021

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The Legatum Prosperity Index is an annual ranking developed by the Legatum Institute. Launching in 2007, the Legatum Prosperity Index rankings are based on a variety of factors including wealth, economic growth, quality of life, health, education, and personal well-being. Its purpose is to highlight the strengths and weaknesses of nations to determine the economic choices that need to be made to further build inclusive societies, open economies, and empower people to drive prosperity.

The index is based on an analysis of 167 countries around the world across 104 different variables. The most prosperous countries in the world have high levels of freedom, safety and security, education, and health. These countries also have healthy natural environments and conditions that allow for economic prosperity such as protection of investments, favorable business regulations, and market infrastructure.

1. Denmark

Denmark took the number one spot from Norway in the 2019 rankings. Denmark ranked first for living conditions, second for personal freedom and social capital, and third for effective governance. Denmark is also the second-happiest country in the world and ranks fifth on the Global Peace Index. Denmark has a high level of equality and a strong sense of responsibility for social welfare – two things that contribute to both Denmark’s happiness and its safety. Additionally, Denmark experiences little corruption in both politics and business, which contributes to its high ranking for governance.

2. Norway

Bumped out of its number one spot on the Index for 2019 is Norway. Norway ranks first for personal freedom, governance, and social capital. Like Denmark, Norway is a welfare state that takes care of its citizens, such a providing health insurance and education subsidies. Norway has the highest human development score on the Human Development Index (HDI) of .953 with high life expectancies, per capita income, and levels of education.

3. Switzerland

Switzerland is third on the Legatum index. Switzerland ranks first for safety and security and second for economic equality. Switzerland is also one of the most developed nations in the world according to the HDI, ranking just below Norway. Switzerland has some of the best healthcare for its citizens, whose life expectancy is 83.6 years. Switzerland is known for having strong infrastructures, institutions, and has a very strong overall growth outlook. Additionally, Switzerland has a beautiful natural environment and is one of the most environmentally friendly countries in the world.

4. Sweden

Sweden is number four on the Legatum index. Sweden is one of the most well-developed nations in the world. The country ranks first for the natural environment, third for living conditions and fourth for personal freedom. Sweden has a high life expectancy of 82.7 years and free access to health care for all of its citizens. Sweden’s economy is highly competitive and diverse; typically maintain a trade surplus and boasting very low unemployment rates.

5. Finland

Finland ranks second for the natural environment and is one of the most environmentally friendly countries in the world. On the Environmental Performance Index, Finland ranks high for environmental health, air quality, and water and sanitation. Finland also ranks second for governance and third for personal freedom.

6. The Netherlands

The Netherlands is sixth on the Legatum index, ranking second for living conditions and fourth for governance and market access and infrastructure. The Netherlands is the eighth-largest exporter of goods in the world and high the seventeenth-highest GDP. Additionally, quality of life in the Netherlands is very high with high levels of education, low levels of unemployment, and a healthy work-life balance.

7. New Zealand

New Zealand stands out as a reassuringly stable place of economic, political, and social stability. New Zealand ranks third for the investment environment and fifth for governance. The country’s political stability and effective governance have translated to stable economic conditions. New Zealand values to contributions that entrepreneurs and investors have made for the development of its economy and consistently invests in infrastructure to support them.

8. Germany

Germany ranks eighth overall on the Legatum index, ranking fourth for enterprise conditions and fifth for economic quality and living conditions. Germany has the strongest economy in Europe and the fourth-largest economy in the world. The country is known for being one of the most innovative and technologically-advanced countries in the world, exporting automobiles, pharmaceuticals, electronics, and machinery. Additionally, living conditions are very favorable for German citizens, who have universal healthcare coverage.

9. Luxembourg

Luxembourg is the ninth country on the Legatum index. Luxembourg ranks second for market access and infrastructure and second for safety and security. Luxembourg’s GDP is growing fairly quickly and the country enjoys the highest per capita GDP in the world. Additionally, Luxembourg is a very safe country. Like many European countries, crime rates are low in Luxembourg, with many crimes being petty theft.

10. Iceland

Iceland is the tenth most prosperous country on the Legatum index. Iceland ranks third for social capital, which includes relationships, social norms, and civic participation in the country. Iceland is known for its social stability and equality among its people, with little tension between social and economic classes. Iceland has a mixed economy that is well developed and capitalist but also supports a welfare state, providing universal health care and tertiary education for its citizens. Additionally, Iceland ranks high for safety and security and personal freedom. Iceland is considered one of the safest countries in the world, where police do not carry personal firearms because they do not feel the need to.

Legatum Prosperity Index 2021

Country 2019 Rank 2018 Rank Economic Quality Education Enterprise Conditions Governance Health Investment Environment Living Conditions Market Access & Infrastructure Natural Environment Personal Freedom Safety & Security Social Capital
Denmark128373861810252
Norway21121191527157121
Switzerland33212373134751218
Sweden4441713615103514119
Finland5521618226761023174
Netherlands66688491224545126
New Zealand7719101452232621610137
Germany8952149121551117132113
Luxembourg9873316819229298321
Iceland10111613301372520128663
United Kingdom111015156112348924151614
Ireland12123161014202312231491412
Austria13152222191510111317317911
Canada14133851510251416191571810
Hong Kong151494116651432841428
Singapore161611525111019195718
Australia17173192112189212919142615
United States1818171422159829625225816
Japan191926711182171913233110132
Malta2020143522231433113341181917
Estonia2122111820195520282413253338
Belgium2221331917172424181647162945
France2323372926201618171416233041
Taiwan242425281224311941278826849
Spain2525472329271327152243193230
Portugal2626493928263031272545112553
Slovenia272729244033324123264272340
Czech Republic28281326353128263235183220112
South Korea292910233304212520754635142
Italy3030523125391740243248292456
Israel313118252422111622301217212957
Slovakia3233324849404330334412352776
Lithuania33323527363492323837273828141
Cyprus3436503641322944303179244381
Latvia35353430373787344040113934130
Poland36343934323840383142626222111
Chile3737514639287037443455286665
Costa Rica3840605546353653556033214851
Uruguay3939695766293443465952204158
United Arab Emirates403820492344472942181321384920
Malaysia41442742275439286541391198529
Greece42468841344133933938294342114
Qatar434224643156484743281131351523
Mauritius44415962443654355656112373835
Croatia45434847894657553439314931136
Hungary4645304557725245374530893990
Romania47474061724771366447585740116
Seychelles4850446754513865685461645236
Bulgaria49483643535865604958766961123
Montenegro50518052525091495250105554673
Panama5149429179604561784836484770
Serbia5252734464717274476199774496
Georgia535577544749903994491425371122
Trinidad And Tobago55566669955777775369119406774
Peru56576263686760549878264574144
China5760235638912148665214715910834
Bahrain5854615945905346363613515612719
Argentina5963108531235346846089503093113
Oman605968724885615962431541423633
Armenia61689151607567567967108837575
Kuwait625841858393517835511161156850
Indonesia63615888626297641068869103965
Jamaica6462112826352506367791393411885
Albania656411350657069699063737562120
Thailand66652879761053557755511112012827
Mexico676745747580376681537868140118
Kazakhstan686653387087845159771331398972
Brazil6969102909866587363862142111133
Bosnia And Herzegovina7073836511110193854880122925189
Saudi Arabia7172566843866870584614415812043
Colombia72707573776844718368327415397
Belarus7371543287123768145738614576143
Russia74744320809910376577044144139101
Sri Lanka75801096661734910110395538012624
Botswana76784610073431197511296100568286
Cape Verde777610510299597911610211335335448
Dominican Republic78757097949585868874655212482
Paraguay798379103144948194769222766955
Ecuador80861007014310963100898456597392
Moldova81881116010184968274651349884105
Suriname82829810112182106138729420505568
South Africa837771104514813372109811433613647
Philippines8487558374791019211575517014825
Vietnam85855776100114421098672921409431
Jordan86811269659748058616615112190107
Mongolia879096589263100103108121130635967
Kyrgyzstan88898777106100899893120601006537
Namibia89791071208642126791149077515660
Guyana90911249210776116968210174658179
Turkey918467805811164505457110146149147
Azerbaijan929794755511566627071148152107125
Sao Tome And Principe939385108917710413011711757443762
Belize94921149811692951288599426072128
Tunisia959810694104659497778214688122140
Ukraine969999377181114113698712785145148
Cuba9794864015313527908098941559546
El Salvador9896931099078868891931567112599
Guatemala9910074117108107988911376897911664
Morocco1009592116849811068956211711857163
India101105811134245109801208516410113577
Ghana1021011421116955117106116115101479959
Uzbekistan103104658112914841871001031601476322
Lebanon1041021368478122821025183140107144146
Bolivia1051061279515012510811599119347377119
Rwanda106108841285064105421451059711412171
Honduras107107951151131278395110100829713066
Turkmenistan10810963781421546291841091651627939
Nicaragua109103115114138137781051059763113104106
Algeria11011012987140116731367110413113453149
Senegal11111112514288611221241181251036110054
Gabon1121131049910313012911210710759112102145
Kenya11311213510567831156713210612910614744
Tajikistan11411514889122141741171041311361498626
Nepal11511489119128104118127126142137677891
Laos116118821061171331231351231164015160102
Equatorial Guinea11711664125120128159122111114371548363
Zambia1181191531268297128108144138381088780
Iran119117101711491388812673110152163131129
Tanzania1201221181341129612412013513067109113100
Djibouti121123781419312112099124111145130112104
Cambodia12212076124146156991251291028312711487
Papua New Guinea1231211031401091131471111601297054106121
Myanmar124124971101051401071451311084612915432
Gambia125128158136124112142119127134851118842
Egypt126129143107851431111078791157161150127
Bangladesh1271251201229613111314311912214911614178
Malawi12812613914611588135121157135727891156
Comoros1291271451471301361321531281441049445103
Ivory Coast130134901491101061551141331249696132150
Benin131133140148102891451461471331186664160
Eswatini13213111613112613414610412212313814892134
Lesotho1331301171231251021631291401271598798126
Burkina Faso1341321411521191081381331481559858117124
Uganda1351351321378111814083143136125117133139
Liberia13613615215611810316013415016464918061
Madagascar1371381371441391291391311661438490115108
Guinea Bissau13813913016113214215115715815066995098
Zimbabwe139141146118155153134150130145128124103110
Pakistan14014413813312712012711012112816712215688
Guinea141140155162971321571231541544910512393
Iraq1421421101211341451211489711816613716594
Venezuela14313716593167167751589612671128146137
Togo144146122135136139148144137148141110110164
Mozambique145147166153148124143141155152688410595
Sierra Leone146143161151147117164149159157878610152
Libya14714513111216115810215992132162136161115
Nigeria14814815713813112616211813613911410215769
Mali14914911916313311015414214114910281152131
Ethiopia150152133139145144130137149141115153138117
Niger1511511341661351191501471611581249313483
Cameroon152150121127137151158139134140109126155135
Haiti15315315113016614914416315215615510497152
Republic Of The Congo15415416213215715014115113914681123137159
Mauritania155155147160154159137161125159163143109154
Angola156156144157160146152167146147120133119155
Syria157157128129159162112140101112158166163167
Sudan158158164143141157131132138137153165162138
Burundi159159159150114152136154164153126157158151
Eritrea160160154158158164125152153160106167142153
Somalia161161163159164165161166151165123150151109
Dr Congo162162156145156163156165163166107141160157
Afghanistan163163123155151147153155156161161132166166
Chad16416414916516516116616016216790125143165
Central African Republic16516615016416315516516416716295131159161
Yemen166165167154162166149162142163150164164158
South Sudan16716716016715216016715616515193160167162

Legatum Prosperity Index 2021