The annual report of the Global Prosperity Index issued by the research institute The Legatum Institute shows welfare conditions in 149 countries around the world. One factor to measure the welfare of a country is to look at the economic stability in the country.
As quoted from the official report of the London-based company, (January 2018), the Legatum ranked the world's wealthiest countries based on eight key indicators covering the areas of governance, economics, entrepreneurship and business opportunities, education, health, individual security, as well as the income level of the community.
Specifically from the economic point of view, the Legatum assessed the resilience of 149 countries based on the macroeconomic policy it implements. Not only that, the satisfaction and prediction of the economy of the country, the foundation of economic growth and efficiency of the financial sector also become the Legatum benchmark in determining its rank.
The top 10 rankings are dominated by Scandinavian countries. Here's a list of the world's most prosperous countries.
1. Norway
Based on data from the Legatum Institute, for seven consecutive years, Norway is in the top ranks of the world's most prosperous countries. This year, Norway is ranked top in the field of prosperity.
2. New Zealand
New Zealand should drop one rank from last year. The country is able to score the highest value in social capital factors and the quality of the economy.
3. Finland
Finns may not consider them part of Scandinavia. However, they can not deny as one of the countries in the prosperous northern Europe.
4. Switzerland
Swiss residents are lined up as citizens with the greatest wealth in the world. The economy of this country is sustained by a good financial services company.
5. Sweden
Sweden is able to sit at the top in the field of economic stability. The country's economy has an export-based mix system. Wood, hydropower and iron ore are the main natural resources.
6. The Netherlands
In a survey of 2016, the Windmill State ranks second in terms of education and economic quality. While related to two other sub-indexes, the Netherlands is ranked fifth.
7. Denmark
The country's GDP reaches over US $ 300 billion. The high value of the GDP makes Denmark into a country with the best prosperity in the world.