Saturday, 2 November 2013 00:00
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Sri Lanka has come to the 60th position in the World Prosperity Index, moving up 11 places in overall Prosperity since 2009 when the country defeated three decades of terrorism.
In the ‘Prosperity Index’ ranking of 142 countries compiled by London-based Legatum Institute Sri Lanka has moved up 11 places to 60th in overall Prosperity since 2009. Over the past five years, the country has increased 12 places to 35th in the Social Capital sub-index, due to increases in willingness to help strangers and trust levels.
Sri Lanka has seen big improvements in its economy scores, which have contributed to the country’s improvements in the overall Prosperity Index.
The Economy sub-index has risen 28 places to 74th since 2009, as a result of increases in capital per worker, gross domestic savings, perceived job availability, and satisfaction with access to adequate food and shelter.
Over the past five years, Sri Lanka has increased 12 places to 35th in the Social Capital sub-index, due to increases in willingness to help strangers and trust levels.
A whopping 82% of people say they can rely on others in times of need and 57% believe Sri Lanka is a good place to live for immigrants.
However, despite the end of the civil war with the Tamil Tiger terrorists in 2009, the country has not felt safe. The Safety& Security sub-index ranked at 121 out of the 142 countries surveyed.
Norway led the overall rankings for the fifth year followed by Switzerland, Canada, Sweden, New Zealand and Denmark in that order.
In the South Asian region, India declined to106th and overtaken for the first time in 2013 by Bangladesh which ranked at 103rd. Nepal ranked at 102nd and Pakistan remains low in the rankings at 132nd with progress hampered by security-related challenges.
The 2013 Legatum Prosperity Index evaluates nations in eight categories, including education, health, economy, safety and security.
China is ranking at the 51th position in the index.
At the top of the index, Norway defended its numero uno position for the fifth year. Switzerland is at second place, followed by Canada at third, Sweden at fourth and New Zealand at fifth.
Meanwhile, on the lower end of the rankings Chad stood at 142, Central African Republic (141), Congo (140), Afghanistan (139), Pakistan (132) and Iraq (130).
