Norway named world’s most prosperous country for the seventh consecutive year
Britain has been named the 15th most prosperous country in the world, according to London-based think tank The Legatum Institute’s 2015 Prosperity Index.
The institute said that the UK achieved the “biggest turnaround in any major developed economy” and had the highest level of full time employment among the poorest 20% of the population than any major EU economy.
Other factors contributing to the UK’s 15th rank include ease of starting a business, entrepreneurial environment and the low start-up costs.
Nathan Gamester, programme director of the Prosperity Index, said: “The UK is among the most prosperous countries in the world. This is due to a number of factors including a firm belief in the law, the ability to protect its citizens, and the fact that it is one of the most open and free nations in the world.”
Norway won the title of the world’s most prosperous country for the seventh consecutive year.
The index, which ranked 142 countries across the world, found that the Central Africa Republic and Afghanistan are among the least prosperous countries in the world.
Take a look at the most and least prosperous countries in the world:
The 5 most prosperous countries
4. New Zealand
The 5 least prosperous countries
1. Central Africa Republic