Where’s the best place to find wealth and good Fortune?
by FFE EU News staff
It might be freezing up there, but Norway’s entrepreneurs aren’t getting cold feet for starting a business.
This is because the Legatum Prosperity Index has once again ranked the country as the most prosperous in the world – the 5th time Norway won the recognition.
Norway jumped five places in the index’s entrepreneurship and opportunity category thanks to improved internet bandwidth and increased number of mobile phone users. However, the country fell a few places in the safety and security category.
Elsewhere in Europe, Switzerland landed 2nd place, Sweden 3rd and Denmark 6th. America and Britain’s performance declined, seeing them in the 11th and 16th position respectively.
The Legatum Institute, the group behind the index, is funded by New Zealand billionaire investor Christopher Chandler. The institute’s president and CEO Jeffrey Gedmin said ‘Since the inaugural Legatum Prosperity Index, the world has seen a continuous increase in prosperity with citizens in many countries experiencing improving wealth and wellbeing.
‘But we cannot afford to be complacent. Issues of war, governance and personal freedom continue to dog the Middle East and parts of Africa. Leading nations are not exempt.’
One hundred forty two countries were ranked in the index according to factors like economy, entrepreneurship, health, security, personal freedom and social capital.