Source: The Independent UK
The Legatum Institute, a London-based research institute, released its 10th annual global Prosperity Index, a huge survey that ranks the most prosperous countries in the world last Thursday.
Prosperity may mostly be used to talk about money, but the Legatum Institute thinks there is more to it than that.
The organization compared 104 separate variables to come up with its list. These variables include traditional indicators like per-capita gross domestic product and the number of people in full-time work, but also more interesting areas such as social tolerance and how good a nation’s Internet is.
The variables are then split into nine subindexes: economic quality, business environment, governance, education, health, safety and security, personal freedom, social capital, and natural environment.
Ethiopia scored pretty well in some subindexes, but low levels of entrepreneurship and opportunity and a bad score in the education subindex meant that the Legatum Institute ranks it as one of the 20 least prosperous countries on Earth.
[Photo by SKopp]