Please complete the form with your contact details to receive updates from the Institute. Much needs to change to enable all nations to fulfil their potential in the nine pillars of prosperity. (More information on the nine pillars can be found on Growth in prosperity has been unequal, however. These are organised into nine pillars of prosperity: Economic Quality, Business Environment, Governance, Personal Freedom, Social Capital, Safety and Security, Education, Health and Natural Environment. The biggest positive change, compared to last year, came in Social Capital increasing by 2 places, whereas they dropped 2 places on Governance. It is also troubling to see a decline in some developed nations such as the UK and the US (as discussed in our feature on While the pillars of Governance, Personal Freedom and Social Capital have all made improvements in the last decade, the strengthening of institutional foundations worldwide has come under threat from falling Safety and Security, which continued its decade-long decline in 2017. People also became more confident in the outcomes of elections. Eastern Europe was the only region where Safety and Security improved, while all the others, led by the Middle East and North Africa (MENA), saw worse scores than in earlier years. They also see a notable deficit in the strength of the Education pillar compared to top-ranking countries.It is this standout deficit in Governance and Personal Freedom among less prosperous countries, together with the long-term divergence in Safety and Security, which has triggered our focus in this year’s report on institutions.Institutions, both formal and informal, provide the civic framework within which wealth and wellbeing become sustainable. The goal of the Legatum Prosperity Index™ is simple: by illustrating how countries have moved toward or away from prosperity, we want to help identify those pathways that lead from poverty to prosperity. The analysis ranks the states and Washington, D.C., using 11 pillars of prosperity, including “Inclusive Societies” and “Personal Freedom.” Country Profile; Print. THE LEGATUM PROSPERITY INDEX™ 2018. In the Prosperity Pillar rankings, Yemen performs best on Health and Education and scores lowest on the Economic Quality pillar. Good performance across most pillars has helped Georgia improve its prosperity over the last decade. Norway’s #1 ranking has been the result of improvements in the country’s Business Environment and Governance in the past twelve months, with Norwegians more optimistic about starting a business and more confident in their government than last year. This seems remarkable, given our present turbulent times. We have also seen populist movements gain strength, leading to the election of Donald Trump, and the success of populist parties in Germany, the Netherlands and Hungary.Despite these developments, global prosperity now sits at its highest level since the Index was first published in 2007. Much needs to change to enable all nations to fulfil their potential in the nine pillars of prosperity.This resulting imbalance in prosperity threatens wellbeing as well as wealth, most notably in Safety and Security. Creating the Pathways from Poverty to Prosperity Georgia Ranked 80 th of 149. While overall prosperity increased in Latin America and the Caribbean, the region also contains some notable fallers, including Venezuela but also Nicaragua, Ecuador and El Salvador. In North America, however, Personal Freedom has significantly weakened, and so too in parts of Europe, where the strain of the migration crisis now appears to be having a negative effect on tolerance levels in receiving nations. To achieve that goal, the Prosperity Index describes the conditions required for prosperity. Given the different political, cultural and geographic contexts in which nations find themselves, the solutions to realising such potential could scarcely be more wide-ranging. Over 11 years, the As our Index shows, prosperity has been growing around the world. Western European prosperity remained broadly constant; but North America fell faster than any other region, due to an increase in the number of homicides and greater societal pressure on citizens’ freedom of religion. It has improved by four ranks in the past year, the result of gains in Business Environment, Economic Quality and Governance.