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Cyprus falls ten places in prosperity index since 2012.

CYPRUS has fallen a whopping ten places in an international prosperity index in just two years.

The 2014 Legatum Prosperity Index shows Norway as the most prosperous country in the world and the Central African Republic occupies the last position in the relevant leaderboard.

Cyprus fell three places since 2013 and ten places since 2012, now occupying 40th place on the index. In 2012 it was ranked 30th out of 142 countries in terms of prosperity.

"Cyprus declined slightly in all sub-indices of the Prosperity Index (economy, business, governance, education, health, security, personal freedom, social capital," said the report.

Almost 80 per cent of those polled for the index, believe government corruption is widespread, while just 7.2 per cent believes that now is not the best time to look for work. On the plus side, some 68.7 per cent said they could rely on others in times of need.

The Prosperity Index calculates a set of eight indicators that reveal how governments pay out in such sectors as education, health, personal freedom, security and entrepreneurship. The Index covers 142 countries around the world, taking into account the 96 per cent of the world's population and 99 percent of global GDP (Gross Domestic Product), making it the most comprehensive tool of its kind.

The five most prosperous countries were: Norway, Switzerland, New Zealand, Denmark and Canada. The five least prosperous were: the Central African Republic, Chad, Democratic Republic of Congo, Burundi and Yemen.

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Publication:Cyprus Mail (Cyprus)
Geographic Code:4EXCY
Date:Nov 4, 2014
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