Malawi drops 12 places in prosperity index

  • posterity indexLegatum 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.

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joker
Guest

Are you surprised? It shall remain so til we start using brains when voting. This time we are using ‘eyes’.

Mulimbalimba
Guest

Nice comments from Muchizi and Rodgers
MALAWIANS this is the way to go
give solutions and advice

Muchizi John
Guest
The real reason Malawi may remain underdeveloped for another hundred years is the quality of leadership that drives the development process in Malawi.Most leaders in the public sector entrusted with critical positions don’t have the brains to bring forth any meaningful development. The basis for which they hold such positions is nepotism, tribalism, regionalism and politics. If people in leadership had what it takes Malawi should be on a steady path to prosperity. For example why do most property owners not pay tax like house owners. Honestly speaking how difficult is it for government to collect tax from this group.… Read more »
cash gate
Guest

zikanakhala zabwino tikanasankha mmodzi mwa anthu ten aja kupatula pitala ndi joice, anthu awiriwa ndi a cash gate, sangathandize kwawo ndi kuba basi

yuona
Guest

Malawians kusamva! Tinali ku Aiguputo (DPP) two years ago koma tabwererako …….. ndiye pano tikuliranji?! Izi ndiye zofuna izi! Munthu oganiza bwinobwino anayenera kusankha MCP…. koma kaya anthu inu mumaganiza bwanji kaya…….

banda rodgers
Guest
There is no country which Malawi beats in all the mentioned aspects. Education has gone down, 90%,Freedom of choice is all corruption in votes. Taxpayer’s money is feeding the corrupt. Parties are competing to rule Malawi and sweep money into their pockets. Development stopped years back. The poor are sturving. Agriculture stopped and the govt depend on donor money to steal into thier pockets. They call federalism dividing the country and does not see that Malawi is in three regions. This govt encourages people business and to flock in towns rather than agriculture and education. There are no patriotism but… Read more »
Bandasiime
Guest

What next?

Alungwana
Guest

Its just the beggining! People are indeed struggling to get just the basics while the political leaders continues to live a very luxiorius life.

namarokoro
Guest

It is no brainer, Mr. Chiumia. Here at home (not England) Our country still survives on foreign aid. The economy of Malawi is driven by foreign aid since Kamuzu’s time. Now the cash masters have tightened their pockets hence the effect on the rating. Once the Joyce Banda’s Cash Gate is completed, your friends their in England will hopefully open thier hands and the economy will improve. Hence no brainer!

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