The Legatum Prosperity Index is an annual ranking, developed by the Legatum Institute, of 142 countries. The ranking is based on a variety of factors including wealth, economic growth, education, health, personal well-being, and quality of life. In the 2013 rankings, Norway tops the list followed by Switzerland and Canada. The USA ranks 11th and the UK ranks 16th. Twenty-seven of the top 30 countries are democracies.
For example, Personal Freedom includes freedom of speech and religion, national tolerance for immigrants and ethnic and racial minorities. The Social Capital sub-index includes the percentage of citizens who volunteer, give to charity, help strangers, and who feel they can rely on family and friends.
Oxford Analytica assisted in the early development of the Prosperity Index and has contributed to shaping the methodology. Today, the annual Index is produced and published by the Legatum Institute.
The Legatum Institute operates a transparent approach to its work on the Prosperity Index. To that end, the entire methodology of the Prosperity Index along with the data used to create it is available for free online. Detailed information about the 2013 Legatum Prosperity Index, the rankings and methodology are available at www.prosperity.com.
The Legatum Institute, the publisher of the index, is a privately funded think-tank founded in 2007 and located in Mayfair, London. It is funded by the Legatum Group, which includes Legatum Capital, a portfolio investment fund manager; Legatum Ventures a double bottom line investment fund, the Legatum Foundation, a philanthropic organisation; and the Legatum Center for Development And Entrepreneurship at Massachusetts Institute of Technology, a collaboration with MIT that funds graduate student entrepreneurs from developing markets.