Iceland Places 15th on World Prosperity Index

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Iceland Places 15th on World Prosperity Index

In the Legatum Institute’s 2012 Prosperity Index, a global inquiry into the wealth and wellbeing in 142 countries, Iceland places 15th with three other Nordic nations, Norway, Denmark and Sweden, being in the top three spots. Finland places seventh.

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Series of protests outside Alþingi, the Icelandic parliament in 2008-2009. Photo: Geir Ólafsson/Iceland Review.

The economic factor is what prevents Iceland from being in the top ten; in that category Iceland is listed among upper-middle-ranking countries (31-71) at number 61.

Iceland scores among high-ranking countries (top 30) in the other categories: ninth in entrepreneurship and opportunity, 20th in governance, 13th in education, 13th in health, first in safety and security, tenth in personal freedom and 13th in social capital.

Apart from Australia ranking fourth, New Zealand fifth and Canada sixth, European nations dominate the top ten with the U.S. coming 12th.

The bottom three countries on the 2012 Prosperity Index are Afghanistan, the Republic of Congo and Central African Republic.

ESA