Global prosperity continues to rise and is at its highest ever point, the median score has moved up the equivalent of 15 places since 2007, according to a report.
"Since 2013, some 113 countries have improved their Prosperity Score, and since last year 95 countries improved their score," according to The Legatum Prosperity Index 2018 published today.
"However, this improvement is not shared equally," it reads, adding that the gap between the largest and smallest scores has been growing steadily since 2013, and this year the gap is the largest it has ever been.
Business Environment has seen the largest one year gain at a global level, having risen in every region. The greatest 10 year gains have been in Asia, Sub-Saharan Africa and Eastern Europe, and one of the main drivers is an improvement in the entrepreneurial environment in these regions.
North America was the strongest region this year, and improved primarily due to improved Personal Freedom, Governance and Economic Quality. MENA experienced the largest fall, due largely to worsening Personal Freedom and Social Capital. In particular, MENA has seen worsening basic legal rights this year, due to a fall in the civil liberties indicator.
Safety and Security continues to fall globally, and in five out of seven regions. This is driven primarily by falls in the security of people’s living conditions, with the largest falls in Latin America and the Caribbean due to fewer people reporting that they could afford sufficient food and shelter.
"The number of women in national legislatures around the world has been increasing steadily over the last decade, increasing from 15 per cent representation in 2007 to 20.7 per cent in 2018," it reads.
Likewise, Asia-Pacific is the fifth most prosperous of the world’s seven regions. Prosperity in the region has grown faster than any other in 2016-17, and is now close to the world average. "Some 12 countries rose, and 12 fell," it states, adding, " The Asia-Pacific top ten has not changed since last year."
The countries within Asia-Pacific have the broadest spread of prosperity – New Zealand sits at number two and Afghanistan at 146.
The pillar that has improved the most across the region since 2007 is Business Environment, particularly in East Asian countries such as China and Indonesia. Governance across the region has also seen positive change. A notable example is legislation in India that increased the ability to challenge regulation in the legal system.
Asia-Pacific is the weakest performer of any region on the Natural Environment pillar, mainly due to air pollution and access to clean drinking water. Asia-Pacific countries occupy the bottom eight places of the Index for air quality, with China at the very bottom.
"Since 2013, some 113 countries have improved their Prosperity Score, and since last year 95 countries improved their score," according to The Legatum Prosperity Index 2018 published today.
"However, this improvement is not shared equally," it reads, adding that the gap between the largest and smallest scores has been growing steadily since 2013, and this year the gap is the largest it has ever been.
Business Environment has seen the largest one year gain at a global level, having risen in every region. The greatest 10 year gains have been in Asia, Sub-Saharan Africa and Eastern Europe, and one of the main drivers is an improvement in the entrepreneurial environment in these regions.
North America was the strongest region this year, and improved primarily due to improved Personal Freedom, Governance and Economic Quality. MENA experienced the largest fall, due largely to worsening Personal Freedom and Social Capital. In particular, MENA has seen worsening basic legal rights this year, due to a fall in the civil liberties indicator.
Safety and Security continues to fall globally, and in five out of seven regions. This is driven primarily by falls in the security of people’s living conditions, with the largest falls in Latin America and the Caribbean due to fewer people reporting that they could afford sufficient food and shelter.
"The number of women in national legislatures around the world has been increasing steadily over the last decade, increasing from 15 per cent representation in 2007 to 20.7 per cent in 2018," it reads.
Likewise, Asia-Pacific is the fifth most prosperous of the world’s seven regions. Prosperity in the region has grown faster than any other in 2016-17, and is now close to the world average. "Some 12 countries rose, and 12 fell," it states, adding, " The Asia-Pacific top ten has not changed since last year."
The countries within Asia-Pacific have the broadest spread of prosperity – New Zealand sits at number two and Afghanistan at 146.
The pillar that has improved the most across the region since 2007 is Business Environment, particularly in East Asian countries such as China and Indonesia. Governance across the region has also seen positive change. A notable example is legislation in India that increased the ability to challenge regulation in the legal system.
Asia-Pacific is the weakest performer of any region on the Natural Environment pillar, mainly due to air pollution and access to clean drinking water. Asia-Pacific countries occupy the bottom eight places of the Index for air quality, with China at the very bottom.
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