Prosperity index ranks Canada 5th in world

Prosperity index ranks Canada 5th in world

Canada ranks No. 5 on an international prosperity index]( produced by the Legatum Institute of London that combines measures of economic progress, health, opportunity and personal freedom.
Canada is behind countries such as Norway, which tops the list for a second year, Switzerland, New Zealand and Denmark, but ahead of Australia, the U.S., U.K. and Germany. The prosperity index ranks 142 countries, with Chad and Central African Republic at the bottom of the list.
Canada has slipped one position from the ranking of fourth it achieved last year, after receiving lower marks in social capital, a measure of civic engagement including how many people have volunteered, donated to charity or helped a stranger.
New Zealand moved ahead of Canada, up two places to No. 3 on the index, after showing high levels of social capital and an improved economy.
Noted Canadian tolerance

Canada climbed from its lower rankings of sixth and seventh in 2011 and 2010 after coming through the financial crisis relatively unscathed, the institute’s report said.
The index noted Canada’s tolerance, with 92 per cent of people saying they have the freedom to choose the course of their own lives, socially and economically.
Canada also was among the freest countries economically, along with the U.S., U.K., Switzerland, New Zealand and Australia.
The U.S. ranked No. 10 on the index, with a big improvement in 2014 on its economic prosperity as unemployment fell and business optimism improved. But it fell five places on the personal freedom index after revelations of internet and phone tracking by the government and a chill among immigrants trying to get a start in the U.S.
The U.S. is back in the top 10, but remains low in safety and security, says Stephen Clarke of the Legatum Institute.
“This year, the economy’s done well, so it’s risen in the economic rankings and that’s partly why it’s back in the top 10,” he said in an interview with CBC’s [FONT=“Arial”]The Exchange with Amanda Lang](’Leary+Exchange/).[/FONT]
“But there are two concerns in America and one of those is personal freedom, so only 10 per cent of Americans feel they have the freedom to choose personally in life. That figure was around 88 per cent five years ago,” he added.
The U.K. was at No. 13, but the report noted an unusually strong climate for small business in the country.
China has jumped to sixth on the economic prosperity index, but still ranks at No. 54 overall because of its poor showing in personal freedoms.
Clarke said material circumstances are important, so countries with strong economies seem to fare well, but they aren’t the whole picture. Sometimes, it’s public perceptions that change a ranking.
“During the financial crisis, we did see big declines in the economy which have a knock-on effect in the sub-indices, so when the Mediterranean countries economically struggled and in many cases are still struggling, things like social capital and feelings about personal freedom and other aspects have also declined,” he said.
Among the biggest losers on the index was Russia, which at No. 68 is the lowest-ranking country in Europe, after invading Ukraine. Syria fell in the rankings because of its civil war and Venezuela dropped because of rampant inflation.
The prosperity index includes 89 variables for each country, based on the world Gallup poll, standard measures of GDP per capita and OECDand World Bank measures of well-being.
Prosperity Index Ranking

  1. Norway
  2. Iceland
  3. Switzerland
  4. Ireland
  5. New Zealand
  6. United Kingdom
  7. Denmark
  8. Germany
  9. Canada
  10. Austria
  11. Sweden
  12. Luxembourg
  13. Australia
  14. Belgium
  15. Finland
  16. Singapore
  17. Netherlands
  18. Japan
  19. United States
  20. Hong Kong

Well Roy, the Prosperity Index is not the be all. If you’ve been around the world like I have, you realize (or realise) that Canada is privileged, period!


Thanks Gilles I am glad to be a Canadian .


As the son of French Canadians I remember the relatives coming to visit and stay at my home. Then once or twice a year I went to Quebec and stayed with my Memere and Pepere. At that time they were envious of us because we had better education, health care and a stronger economy.

Time passed and now we are behind Canada in some ways. As a boy I thought both countries were very different, but not so much now. No doubt the Canadians have made some good moves as far as taking care of their citizens.

Thanks Paul


Michael still shows he is extremely jealous of Canada and what it does .
I am so sad for him and his life???
All the best … Roy

More like envious sometimes.

You gotta go there Mike, food tastes better.

I do not envy leftists.

I prefer a level of freedom you do not understand or desire.

BTW - I am an excellent cook. :smiley:

I fell bad for old people that get more cantankerous every day and who it seems are slowly losing their faculties.

That’s you Roy in case you need it spelled out.:stuck_out_tongue:

I wonder why Michael is ashamed of something .
.He travels around this forum always hidden .]( Michael’s name never shows up.
He does not show who his friends are](
I have nothing that needs hiding

Hey Roy.

Grow up.


No way I enjoy seeing you always following me like a lost little puppy .

You stop posting about me and I will stop posting about you.

I do not think you have the ability to stop.