- Legatum Institute’s 2014 Prosperity Index puts Malawi 118th globally
Malawi has dropped 12 places in the 2014 Legatum Prosperity Index, which measures the human and economic prosperity of nations around the world released in London on Tuesday.
Legatum Institute’s 2014 Prosperity Index measures a set of eight categories that reveal how nations perform both economically and in vital areas of education, health, personal freedom, safety and security and entrepreneurship.
According to the Index, Malawi last year jumped one place up but now ranks 118th globally in the 2014 Prosperity Index.
Malawi’s lowest rank is in the economy sub-index, where it ranks 136th in 2014. This dimension measures classic aspects of the economy like GDP, unemployment, inflation and foreign direct investment.
The southern African nation has also performed badly in other Prosperity Index rates, including education, health, business and social capital.
Malawi’s best performance is in the governance sub-index, where it ranks 68th in 2014.
James Barty, Senior Adviser at the Legatum Institute, said: “Prosperity is not just about having a strong economy, it is about having great education, healthcare, and freedom to choose among other things.”
Legatum Institute’s 2014 Prosperity Index reveals Norway as the most prosperous country in the world, while the Central African Republic finishes bottom of the rankings.