Norway tops 2010 Prosperity Index, Algeria lags behind in 79th position out of 110 countries worldwide
Norway is the most prosperous country in the world. This makes it the second time in a row, according to the 2010 Prosperity Index (LPI), conducted by think tank the Legatum Institute in London and Algeria trails behind in the 79th position worldwide.
- 110 countries were assessed, and the first three places are occupied by three Nordic countries, Norway, Denmark, and Finland, followed by Australia, New Zealand, Sweden, Canada, Switzerland, the Netherlands and the United States.
- Algeria ranks last in the Maghreb region with Tunisia ranked 48th while Morocco holds the 62nd position.
- Algeria is ranked in this 2010 Prosperity Index (LPI) in the 8th slot at the Arab level with the United Arab Emirates topping the region’s standings at the 30th position worldwide.
- The annual LPI is a complex formula developed four years ago, “based on foundations of prosperity”, that measures both the wealth of the country and the quality of life of its citizens.
- The Legatum Institute claims it is “the world’s only global assessment of wealth and wellbeing”.
- Eight prosperity pillars are assessed: national development in terms of the strength of the economy, entrepreneurship and opportunities, effectiveness of government, the quality of healthcare and education, safety and security, personal freedom and social capital.
- Some of the key discoveries of the index are that the countries ranking highest are democracies, that choice and opportunities make people happier than wealth does, and that larger countries have more challenges in becoming prosperous.