By Will Martin, Business Insider, Independent
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, on Thursday.
Prosperity may mostly be used to talk about money, but the Legatum Institute thinks there is more to it than that.
The organisation 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.
We’ve already shown you the 25 countries that the Prosperity Index rated as the most prosperous, or in other words, the happiest, wealthiest, and most crime-free places on earth. Now it’s time to look at the countries at the other end of the list.
Many of the countries that feature toward the bottom end of the index have been hit hard by wars and outbreaks of disease. They are generally lacking in strong economies, governments, and education systems.
We’ve taken the bottom 19 countries from the Legatum Institute’s index and ranked them in reverse order, where No. 1 represents the “least prosperous” country.
The index looked at the 149 countries in the world that have the most available data. As a result, it should be noted that certain prominent countries, including Syria and North Korea, do not feature because of a lack of available data.
19. Comoros — The tiny island nation of the Comoros is pretty safe in the grand scheme of things, ranking 69th out of 149 countries. However, it ranks as one of the least prosperous nations thanks to bottom 20 scores in five of nine subindexes, including being 135th in the entrepreneurship subindex.
18. Ethiopia — Ethiopia scored pretty well in some subindexes, but low levels of entrepreneurship and opportunity, and a bad score in the education subindex mean that the Legatum Institute ranks it as one of the 20 least prosperous countries on Earth.
17. Liberia — It was hit badly by 2014’s Ebola virus epidemic, and almost 5,000 people were killed in the country. As a result Liberia’s score in the health subindex was in the bottom five, its worst individual subindex score.
16. Mali — While it scored in the top 100 nations for personal freedom and social capital, Mali was pushed down the Prosperity Index by having a bottom five education score.
15. Nigeria — Nigeria may have one of Africa’s most powerful economies, but it scored pretty poorly in all nine subindexes, with its lowest rank being in safety and security, reflecting the presence of militant groups like Boko Haram and the Niger Delta Avengers.
14. Libya — After the ousting of brutal dictator Muammar Gaddafi, it was hoped that Libya would prosper, but a power vacuum and years of fighting have ravaged the country. The Legatum Institute puts it in the bottom 10 for personal freedom, governance, and entrepreneurship.
13. Niger — Niger faces similar problems to Nigeria when it comes to terrorist groups like Boko Haram, although it scores relatively highly (87th) for safety and security. Its worst individual subindex score came in education, where it was 3rd last.
12. Guinea — Despite a natural environment ranking in the top 60 globally, terrible scores for health and education keep Guinea’s overall ranking incredibly low, making it the 12th least prosperous nation surveyed.
11. Pakistan — Despite having fairly good scores for both economy and governance, Pakistan was ranked as one of the seven most unsafe countries on Earth. It has the worst natural environment of any nation, according to the Legatum Institute.
Read more: The 19 poorest, unhappiest, unhealthiest, and most dangerous nations in the world.
Source: Independent