Norway the most prosperous country in the world / News / The Foreigner

Norway the most prosperous country in the world. The Nordic country lays claim to the title for the seventh year running. This year’s Prosperity Index finalises results by measuring 142 countries based on its performance across eight categories. One of the reasons for Norway coming top of the league was the quality of its healthcare system and personal freedoms.

prosperity, rankings, surveys



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Norway the most prosperous country in the world

Published on Thursday, 5th November, 2015 at 13:09 under the news category, by Sarah Bostock.

The Nordic country lays claim to the title for the seventh year running.

Norwegian flag over Bergen
Norwegian flag over Bergen
Photo: alex-s/Flickr


This year’s Prosperity Index finalises results by measuring 142 countries based on its performance across eight categories.

One of the reasons for Norway coming top of the league was the quality of its healthcare system and personal freedoms.

Norway also scored highly on education, economy, health, social capital, entrepreneurship, and opportunity.

However, analysts at the Legatum Institute, a London-based think tank and charity, were critical to the Scandinavian country’s failures addressing unemployment.  

Institute spokesperson Nathan Gamester said that researches looking into Norway’s labour statistics found something strange on the way unemployment figures were reported.

“We look into these data all the time, so this really took us by surprise,” he commented. “We’ve always been very positive about Norway, so when this year we found they had slipped down in the economy category we decided to look a bit further.”

Mr Gamester also remarked that “Norway ranks a large swathe of its long-term unemployed as qualifying for either a disability pension or early retirement – increasingly even in cases involving people aged 20-24.”

This ultimately means that Norway’s official unemployment level is artificially low.

Sweden has an unemployment rate of 7.8%, Denmark 6.3%, and Finland 9.4%.

The 142 countries examined for the 2015 Prosperity Index ranked them based on economy, entrepreneurship and opportunity, governance, and education.

Health, safety and security, personal freedom, and social capital were also scrutinized.

According to the Legatum Institute, the top 10 most prosperous countries in the world are:

1st: Norway                           
2nd: Switzerland
3rd: Denmark
4th: New Zealand
5th: Sweden
6th: Canada
7th: Australia
8th: Netherlands
9th: Finland
10th: Ireland

The US came 11th, with the UK being placed in 15th.

The full index can be found here.



Published on Thursday, 5th November, 2015 at 13:09 under the news category, by Sarah Bostock.

This post has the following tags: prosperity, rankings, surveys.





  
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