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There are several methods to gauge prosperity of a country. A more usual approach is to study its gross domestic product, while a more inclusive way that Legatum Prosperity Index applies is to combine GDP with well being.
Let's take a look at some of the most prosperous countries in the world.
Source: Legatum Prosperity Index 2013
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India
Global rank in economy: 62 out of 142
Global rank in entrepreneurship and opportunity: 104 out of 142
Global rank in governance: 54 out of 142
Global rank in education: 97 out of 142
Global rank in health: 109 out of 142
Global rank in safety and security: 120 out of 142
Global rank in personal freedom: 100 out of 142
Overall global prosperity rank: 106 out of 142
India, one of the fastest growing economies, ranks 54 in governance.
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Pakistan
Global rank in economy: 107 out of 142
Global rank in entrepreneurship and opportunity: 100 out of 142
Global rank in governance: 123 out of 142
Global rank in education: 124 out of 142
Global rank in health: 110 out of 142
Global rank in safety and security: 140 out of 142
Global rank in personal freedom: 135 out of 142
Overall global prosperity rank: 132 out of 142
Pakistan, a country that has been struggling with internal problems for decades, ranks 132 out of 142 in overall global prosperity.
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China
Global rank in economy: 7 out of 142
Global rank in entrepreneurship and opportunity: 66 out of 142
Global rank in governance: 65 out of 142
Global rank in education: 54 out of 142
Global rank in health: 68 out of 142
Global rank in safety and security: 92 out of 142
Global rank in personal freedom: 111 out of 142
Overall global prosperity rank: 51 out of 142
China, the fastest growing economy in the world, ranks 54 out of 142 in education.
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Norway
Global rank in economy: 1 out of 142
Global rank in entrepreneurship and opportunity: 6 out of 142
Global rank in governance: 12 out of 142
Global rank in education: 4 out of 142
Global rank in health: 5 out of 142
Global rank in safety and security: 6 out of 142
Global rank in personal freedom: 2 out of 142
Overall global prosperity rank: 1 out of 142
Norway, which has the biggest sovereign fund in the world, ranks first in overall global prosperity.
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Switzerland
Global rank in economy: 2 out of 142
Global rank in entrepreneurship and opportunity: 4 out of 142
Global rank in governance: 1 out of 142
Global rank in education: 27 out of 142
Global rank in health: 3 out of 142
Global rank in safety and security: 11 out of 142
Global rank in personal freedom: 15 out of 142
Overall global prosperity rank: 2 out of 142
Switzerland, one of the richest countries in the world, ranks third in health.
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Canada
Global rank in economy: 4 out of 142
Global rank in entrepreneurship and opportunity: 16 out of 142
Global rank in governance: 8 out of 142
Global rank in education: 3 out of 142
Global rank in health: 11 out of 142
Global rank in safety and security: 7 out of 142
Global rank in personal freedom: 1 out of 142
Overall global prosperity rank: 3 out of 142
Canada, a country that is enjoying a boom in exports, ranks fourth in economy.
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Sweden
Global rank in economy: 6 out of 142
Global rank in entrepreneurship and opportunity: 1 out of 142
Global rank in governance: 4 out of 142
Global rank in education: 14 out of 142
Global rank in health: 12 out of 142
Global rank in safety and security: 3 out of 142
Global rank in personal freedom: 4 out of 142
Overall global prosperity rank: 4 out of 142
Sweden, one of the richest countries in the world, ranks fourth in governance.
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New Zealand
Global rank in economy: 17 out of 142
Global rank in entrepreneurship and opportunity: 15 out of 142
Global rank in governance: 2 out of 142
Global rank in education: 1 out of 142
Global rank in health: 20 out of 142
Global rank in safety and security: 15 out of 142
Global rank in personal freedom: 5 out of 142
Overall global prosperity rank: 5 out of 142
New Zealand, a major tourist destination in the world, ranks first in education.
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Denmark
Global rank in economy: 23 out of 142
Global rank in entrepreneurship and opportunity: 2 out of 142
Global rank in governance: 3 out of 142
Global rank in education: 18 out of 142
Global rank in health: 14 out of 142
Global rank in safety and security: 8 out of 142
Global rank in personal freedom: 9 out of 142
Overall global prosperity rank: 6 out of 142
Denmark, one of the wealthiest countries in the world, ranks third in governance.
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Australia
Global rank in economy: 10 out of 142
Global rank in entrepreneurship and opportunity: 11 out of 142
Global rank in governance: 7 out of 142
Global rank in education: 2 out of 142
Global rank in health: 17 out of 142
Global rank in safety and security: 16 out of 142
Global rank in personal freedom: 3 out of 142
Overall global prosperity rank: 7 out of 142
Australia, a country that is a major exporter of minerals, ranks third in personal freedom.
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Finland
Global rank in economy: 26 out of 142
Global rank in entrepreneurship and opportunity: 3 out of 142
Global rank in governance: 5 out of 142
Global rank in education: 6 out of 142
Global rank in health: 16 out of 142
Global rank in safety and security: 4 out of 142
Global rank in personal freedom: 17 out of 142
Overall global prosperity rank: 8 out of 142
Finland, one of the most advanced countries in the world, ranks fourth in safety and security.
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The Netherlands
Global rank in economy: 20 out of 142
Global rank in entrepreneurship and opportunity: 8 out of 142
Global rank in governance: 10 out of 142
Global rank in education: 12 out of 142
Global rank in health: 7 out of 142
Global rank in safety and security: 17 out of 142
Global rank in personal freedom: 14 out of 142
Overall global prosperity rank: 9 out of 142
The Netherlands, one of the most liberal countries in the world, ranks seventh in health.
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Luxembourg
Global rank in economy: 14 out of 142
Global rank in entrepreneurship and opportunity: 5 out of 142
Global rank in governance: 6 out of 142
Global rank in education: 46 out of 142
Global rank in health: 1 out of 142
Global rank in safety and security: 10 out of 142
Global rank in personal freedom: 7 out of 142
Overall global prosperity rank: 10 out of 142
Luxembourg, one of the richest countries in the world, ranks seventh in personal freedom.
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United States
Global rank in economy: 24 out of 142
Global rank in entrepreneurship and opportunity: 13 out of 142
Global rank in governance: 11 out of 142
Global rank in education: 5 out of 142
Global rank in health: 2 out of 142
Global rank in safety and security: 31 out of 142
Global rank in personal freedom: 16 out of 142
Overall global prosperity rank: 11 out of 142
United States, the biggest economy in the world, ranks second in health.
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Ireland
Global rank in economy: 33 out of 142
Global rank in entrepreneurship and opportunity: 14 out of 142
Global rank in governance: 14 out of 142
Global rank in education: 11 out of 142
Global rank in health: 15 out of 142
Global rank in safety and security: 5 out of 142
Global rank in personal freedom: 8 out of 142
Overall global prosperity rank: 12 out of 142
Ireland, which was badly hit by the 2008 global economic crisis, ranks fifth in safety and security.
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Iceland
Global rank in economy: 41 out of 142
Global rank in entrepreneurship and opportunity: 7 out of 142
Global rank in governance: 18 out of 142
Global rank in education: 13 out of 142
Global rank in health: 13 out of 142
Global rank in safety and security: 2 out of 142
Global rank in personal freedom: 6 out of 142
Overall global prosperity rank: 13 out of 142
Iceland, which was badly hit by the 2008 global economic crisis, ranks second in safety and security.
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Germany
Global rank in economy: 9 out of 142
Global rank in entrepreneurship and opportunity: 18 out of 142
Global rank in governance: 17 out of 142
Global rank in education: 15 out of 142
Global rank in health: 4 out of 142
Global rank in safety and security: 21 out of 142
Global rank in personal freedom: 12 out of 142
Overall global prosperity rank: 14 out of 142
Germany, Europe's economic powerhouse of the world, ranks ninth in economy.
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Austria
Global rank in economy: 15 out of 142
Global rank in entrepreneurship and opportunity: 17 out of 142
Global rank in governance: 15 out of 142
Global rank in education: 17 out of 142
Global rank in health: 9 out of 142
Global rank in safety and security: 14 out of 142
Global rank in personal freedom: 19 out of 142
Overall global prosperity rank: 15 out of 142
Austria, one of the wealthiest countries in the world, ranks 15 in governance.
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United Kingdom
Global rank in economy: 28 out of 142
Global rank in entrepreneurship and opportunity: 9 out of 142
Global rank in governance: 9 out of 142
Global rank in education: 30 out of 142
Global rank in health: 19 out of 142
Global rank in safety and security: 22 out of 142
Global rank in personal freedom: 13 out of 142
Overall global prosperity rank: 16 out of 142
United Kingdom, one of the top financial centres in the world, ranks ninth in governance.
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Belgium
Global rank in economy: 25 out of 142
Global rank in entrepreneurship and opportunity: 24 out of 142
Global rank in governance: 16 out of 142
Global rank in education: 16 out of 142
Global rank in health: 10 out of 142
Global rank in safety and security: 20 out of 142
Global rank in personal freedom: 18 out of 142
Overall global prosperity rank: 17 out of 142
Belgium, one of the richest countries in the world, ranks 10 in health.
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Singapore
Global rank in economy: 3 out of 142
Global rank in entrepreneurship and opportunity: 12 out of 142
Global rank in governance: 13 out of 142
Global rank in education: 37 out of 142
Global rank in health: 18 out of 142
Global rank in safety and security: 13 out of 142
Global rank in personal freedom: 53 out of 142
Overall global prosperity rank: 18 out of 142
Singapore, one of the biggest financial centres of the world, ranks third in economy.
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Hong Kong
Global rank in economy: 18 out of 142
Global rank in entrepreneurship and opportunity: 10 out of 142
Global rank in governance: 23 out of 142
Global rank in education: 43 out of 142
Global rank in health: 30 out of 142
Global rank in safety and security: 1 out of 142
Global rank in personal freedom: 24 out of 142
Overall global prosperity rank: 19 out of 142
Hong Kong, one of the biggest financial centres in the world, ranks first in safety and security.
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France
Global rank in economy: 22 out of 142
Global rank in entrepreneurship and opportunity: 21 out of 142
Global rank in governance: 19 out of 142
Global rank in education: 19 out of 142
Global rank in health: 8 out of 142
Global rank in safety and security: 30 out of 142
Global rank in personal freedom: 21 out of 142
Overall global prosperity rank: 20 out of 142
France, one of the most advanced countries in the world, ranks eight in health.
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Japan
Global rank in economy: 5 out of 142
Global rank in entrepreneurship and opportunity: 25 out of 142
Global rank in governance: 21 out of 142
Global rank in education: 21 out of 142
Global rank in health: 6 out of 142
Global rank in safety and security: 25 out of 142
Global rank in personal freedom: 48 out of 142
Overall global prosperity rank: 21 out of 142
Japan, one of the biggest economies in the world, ranks 48 in personal freedom.
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Taiwan
Global rank in economy: 16 out of 142
Global rank in entrepreneurship and opportunity: 22 out of 142
Global rank in governance: 33 out of 142
Global rank in education: 10 out of 142
Global rank in health: 25 out of 142
Global rank in safety and security: 9 out of 142
Global rank in personal freedom: 31 out of 142
Overall global prosperity rank: 22 out of 142
Taiwan, one of the fastest growing economies in the region, ranks 10 in education.
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Spain
Global rank in economy: 44 out of 142
Global rank in entrepreneurship and opportunity: 29 out of 142
Global rank in governance: 26 out of 142
Global rank in education: 8 out of 142
Global rank in health: 24 out of 142
Global rank in safety and security: 27 out of 142
Global rank in personal freedom: 23 out of 142
Overall global prosperity rank: 23 out of 142
Spain, which was hit badly by the 2008 global economic crisis, ranks eight in education.
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Slovenia
Global rank in economy: 53 out of 142
Global rank in entrepreneurship and opportunity: 23 out of 142
Global rank in governance: 30 out of 142
Global rank in education: 9 out of 142
Global rank in health: 26 out of 142
Global rank in safety and security: 12 out of 142
Global rank in personal freedom: 25 out of 142
Overall global prosperity rank: 24 out of 142
Slovenia, which was hit badly by the 2008 global economic crisis, ranks 12 in safety and security.
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Malta
Global rank in economy: 37 out of 142
Global rank in entrepreneurship and opportunity: 19 out of 142
Global rank in governance: 20 out of 142
Global rank in education: 45 out of 142
Global rank in health: 34 out of 142
Global rank in safety and security: 29 out of 142
Global rank in personal freedom: 22 out of 142
Overall global prosperity rank: 25 out of 142
Malta, one of the major tourist destinations in the world, ranks 20 in governance.