No surprise there as Europe is leading the world when it comes to prosperity as illustrated by the latest edition of the Legatum Prosperity Index, an annual assessment of the drivers of prosperity in 149 countries. European countries take most of the top spots on the list.
This result is driven by the performance of several European nations, most notably Norway, which leads the global rankings, as well as 15 more European countries in the top 20.
Norway has risen from 2nd place last year, to number 1 in 2017, followed by New Zealand and Finland. Switzerland is fourth, with Sweden and Netherlands, fifth and sixth respectively.
Denmark is in seventh, Canada eighth, followed by Australia and the United Kingdom. Read the full study here.
Below are the 20 countries that topped the ranking for most and least prosperous in the world:
|The 20 most prosperous countries are:||The 20 least prosperous countries are:|
|1. Norway||1. Yemen (149th)|
|2. New Zealand||2. Central African Republic|
|3. Finland||3. Sudan|
|4. Switzerland||4. Afghanistan|
|5. Sweden||5. Chad|
|6. Netherlands||6. Mauritania|
|7. Denmark||7. Democratic Republic of Congo|
|8. Canada||8. Iraq|
|9. Australia||9. Angola|
|10. United Kingdom||10. Burundi|
|11. Germany||11. Niger|
|12. Ireland||12. Guinea|
|13. Iceland||13. Pakistan|
|14. Luxembourg||14. Libya|
|15. Austria||15. Congo|
|16. Belgium||16. Ethiopia|
|17. Singapore||17. Mali|
|18. United States||18. Venezuela|
|19. France||19. Liberia|
|20. Spain||20. Swaziland (130th)|
What is the state of the BRICS economies?
Among BRICS club (Brazil, Russia, India, China and South Africa) economies, India is the only country which has shown signs of strong growth. India now ranks 100th on the index, up from 104th last year.
Brazil ranks 54th (down from 52nd last year), Russia ranks 101st (down from 95th last year), South Africa ranks 52nd (down from 48th last year), China 90 90
The rankings are based on a country’s performance on nine pillars, namely — economic quality, business environment, governance, personal freedom, social capital, safety and security, education, health and natural environment.