The rankings are based on eight variables of a country's prosperity
performance
:
- Economy
- Entrepreneurship
- Governance
- Education
- Personal freedom
- Health
- Security
- Social capital
Norway performed best on Social Capital and worst (7th) on Entrepreneurship and Opportunity.
The Nordic nation retained its number one spot from last year, as the top-ranking most prosperous country. New Zealand moved to third place, up two spots from 2013, while Russia slipped to Europe's worst
performing country in 68th place.
The study revealed 90 percent of Norwegians believe their country is a good place for immigrants to live, while 94.9 percent said they felt they could rely on their fellow citizens in a time of need.
Less optimistic however was that nearly one-third of Norwegians (29.7 percent) thought corruption in
business and government were widespread. Compare this to the Central African Republic's results - the least prosperous country in the world - where 75 percent of the nation's population believe corruption is widespread.
The study, now in its eighth year, offers a unique insight into how prosperity is forming and changing across the world.
The Index takes into account 142 countries, representing more than 96 percent of the world’s population and 99 percent of global GDP.
Prosperity Index: Top 20
1 Norway
2 Switzerland
3 New Zealand
4 Denmark
5 Canada
6 Sweden
7 Australia
8 Finland
9 Netherlands
10 United States
11 Iceland
12 Ireland
13 United Kingdom
14 Germany
16 Luxembourg
17 Belgium
18 Singapore
19 Japan
20 Hong Kong
France was just outside the Top 20 in 21st place, Spain was 26th and Italy was The Local's poorest performing country in 37th place.
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