Sri Lanka ranked first in Prosperity Index in South Asia
Thursday, 05 November 2015 - 12:43
Sri Lanka has been ranked 01st in the South Asian region in the 2015 Legatum Prosperity Index, which ranks nations according to wealth and wellbeing of their people. According to the index, Nepal has ranked 89th, India 99th, Bangladesh 103rd, Pakistan 130th and Afghanistan 141st.
This year’s Prosperity Index, compiled by London-based Legatum Institute, ranks 142 nations on their performance across eight equally-weighted sub-indices: Economy, Entrepreneurship & Opportunity; Governance; Education; Health; Safety & Security; Personal Freedom and Social Capital.
Sri Lanka’s best performance is in the Social Capital sub-index, where it ranks 32nd in 2015. Sri Lanka’s Economy improved five notches to rank at 65Th globally this year from the 76th in 2014 and the Health improved a notch to rank at 77th. Despite a low inflation rate and unemployment only 63.2% people are satisfied with the living standards.
In Governance, Sri Lanka ranked at 58th place with 87.5% people had confidence in national government and 88.1% had confidence in the judicial system while 93.4% had confidence in the military. Globally Norway led the overall rankings for the seventh year followed by Switzerland, Denmark, New Zealand and Sweden, rounding up the top five in that order.