Lower Than Columbia, Higher Than Russia. Belarus Ranked 73rd In Prosperity Index

The British analytical institute’s Legatum Prosperity Index 2019 put Belarus at the 73rd place out of 167 possible. Since 2009, the country has improved its position by seven points.

Belarus performs most strongly in education (32nd place), living conditions (45th) and economic development (54th) but is weakest in personal freedom (145th), social capital (143rd) and public administration (123rd).

Globe Legatum Prosperity Index 2019 belarus

The biggest improvement compared to a decade ago came in enterprise conditions (87th). Belarus was ranked higher than Russia (74th) and Ukraine (96th), but lower than Lithuania (33rd), Latvia (35th) and Poland (36th).

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Norway, Switzerland, Sweden, Finland, the Netherlands, New Zealand, Germany, Luxembourg and Iceland top the annual ranking. Meanwhile, at the opposite end of the list are the Central African Republic, Yemen and South Sudan.

“81 per cent of countries are experiencing higher levels of prosperity than they did a decade ago, with all regions contributing to the improvement in global prosperity,” Legatum Foundation’s statement reads.

The key findings from this year’s report are:

  • Global prosperity continues to improve, but the gap between the strongest and weakest performing countries continues to widen
  • The improvement in global prosperity has been driven by more open economies and improvements to people’s lived experiences
  • Economies are more open due to the improvement in the investment environment and digital connectivity, as well as a reduction in administrative burdens
  • People’s lived experiences have improved due to better health, education, and living conditions
  • Stagnating institutions are holding back further improvements to global prosperity

The Legatum Prosperity Index assesses countries on the promotion of their residents’ flourishing, reflecting both economic and social wellbeing. It measure the current state of prosperity in these countries and how it has changed since 2007.

Featured image: prosperity.com