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Sri Lanka advances in the World Prosperity Index

Nov 1, 2010 5:18:06 AM - itnnews.lk

Sri Lanka has climbed 9 positions from 2009 and is ranked 59 among 110 nations, in the World Prosperity Index announced today.

India, Pakistan and Indonesia who are from the Asia Pacific region are ranked well below Sri Lanka in the rating for 2010 released by London’s Legatum Institute.

The most prosperous country in the world according to the Index is Norway while Denmark and Finland have achieved the second and third places. China is in the 58th place, one position above Sri Lanka.

The Prosperity Index is based on 89 variables over 110 countries, grouped into eight sub-indices, and claims to comprehensively rank the level of prosperity in 110 nations of the world. It is done by taking into account both economic growth and citizens’ quality of life, drawing on data from various sources.

“The Legatum Prosperity Index is the world’s only global assessment of wealth and well being. It uses a holistic definition of prosperity, which includes factors ranging from economic growth to health and education, to personal freedom and governance.