Norway leads global prosperity index, with Singapore top in Asia

Norway leads global prosperity index, with Singapore top in Asia

In the annual 2015 Prosperity Index by London-based international think tank Legatum Institute, Singapore came in 17th worldwide in prosperity, up one position from last year.

People take photos with the skyline of the financial district of Singapore in the background
People take photos with the skyline of Singapore's financial district in the background. (REUTERS/Edgar Su)

SINGAPORE: In a prosperity survey of 142 territories, the Republic came in tops again in Asia. It also ranked 17th worldwide, up one spot compared to last year.

In the 2015 Prosperity Index by London-based international think tank Legatum Institute released on Monday (Nov 2), Singapore also came in third overall in the Asia-Pacific region, behind New Zealand and Australia in fourth and 12th, respectively.

Globally, Norway topped the index, despite not coming in first in any of the eight categories - but it did rank among the top 10 for all categories.

Prosperity Index ranking

Helping Singapore to 17th overall in the world was the economy sub-index, where the country came in first worldwide, overtaking Switzerland which was first last year. At US$240,750, Singapore also has the second highest capital per worker in the world - behind Luxembourg at US$272,931 per worker - and the third-highest manufactured exports classified as "high-tech" at 47 per cent.

For the other sub-indices at a global level, Singapore was 12th in both "entrepreneurship and opportunity" and "safety and security"; 13th in governance, 14th in health, 15th in education and 25th in social capital.

The Republic's worst-performing category was in personal freedom, where it ranked 38th in the world. However, this still put it fourth overall in Asia - behind Hong Kong (26), Taiwan (31) and Japan (33). Sri Lanka was next at 43rd, while South Korea was ranked 66th worldwide.

For other ASEAN nations, Malaysia came in next highest overall at 44th. Thailand was ranked 48th, Vietnam at 55th, Indonesia at 69th, Philippines at 74th, Laos at 95th. Cambodia came in last at 112 out of 142 territories. In the personal freedom sub-index, Malaysia, Cambodia and Indonesia were the last three in ASEAN, coming in at 114th, 122nd and 123rd respectively on a global level.

Source: CNA/av

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