Saturday, 7 November 2015
The Legatum Prosperity Index 2015
Reading the Prosperity Index Report
NATIONAL success is not all about wealth. And wealth should not be the only factor used to measure the prosperity of a nation.
The Legatum Prosperity Index (LPI), that was first published in 2007, moves away from narrow measures of wealth like Gross Domestic Product and seeks to redefine national prosperity on the basis of both health and well-being. Eight broad categories are used as a guide in the measurement process – Economy, Education, Entrepreneurship & Opportunity, Governance, Health, Personal Freedom, Safety and Security and Social Capital.
The LPI was launched on Monday and Singapore emerged triumphantly as number one, cruising at the top for the Economy category. It was also ranked 17th in the overall index out of 142 countries – third in Asia-Pacific region and top in the Asean region, but was it smooth sailing for our nation in the seven other sub-index categories?