047_G17 Arena

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Arena Economics category (placed third), while Sierra Leone ranks down at 137th in the same category. In 2013, 20 countries were identifi ed by the Legatum Institute as the ‘ones to watch’. These countries were highlighted as nations that look destined to climb the rankings in future years based in their impressive performance to date. This list contains fi ve Commonwealth countries: Trinidad and Tobago, Rwanda, Zambia, Sri Lanka and Bangladesh. Since 2009, Trinidad and Tobago has moved up seven places to 42nd in the Prosperity Index, making signifi cant improvements in areas of governance, health and personal freedom. Sri Lanka has improved 11 places to 60th since 2009. This improvement is mainly due to increases in the Economy sub-index (it moved 28 places to 74th), in the Governance sub-index (six places to 48th) and in the Education sub-index (15 places to 44th). Over the last fi ve years, all areas of prosperity have increased globally with the biggest increase having been in the Entrepreneurship and Opportunity category. When assessed in entrepreneurship, Commonwealth countries show a mixed performance. Seven have business start-up costs of less than one per cent of gross national income (GNI). For example, start-up costs in South Africa stand at 0.3 per cent of GNI while in New Zealand and Canada this fi gure is 0.4 per cent. Six Commonwealth countries, however, have business start-up costs that are well above the global average of 31.3 per cent. Recorded business start-up costs in Cameroon stand at 36 per cent, in Kenya they are 40 per cent and in India 50 per cent. By design, the Prosperity Index measures national success broadly. This allows us to understand how nations are performing in important areas beyond standard economic performance. The countries of the Commonwealth are diverse and represent different stages of development and progress. To fi nd out more about these countries, or any others, you can access all of the data from the Prosperity Index online where you can compare nations to see how they perform against one another. While each country must chart its own course to success, the Prosperity Index helps to illuminate some of the drivers of prosperity and to identify those countries that are on the right course. The Prosperity Index can be found at www.prosperity.com Commonwealth countries Prosperity Index ranking 3 Canada 100 Ghana 5 New Zealand 103 Bangladesh 7 Australia 105 Rwanda 16 UK 106 India 18 Singapore 107 Zambia 25 Malta 114 Uganda 37 Cyprus 115 Cameroon 42 Trinidad & Tobago 116 Kenya 44 Malaysia 117 Tanzania 56 Jamaica 119 Malawi 60 Sri Lanka 65 Belize 121 Mozambique 72 Botswana 123 Nigeria 77 South Africa 129 Sierra Leone 93 Namibia 132 Pakistan Nathan Gamester is the programme director for the Prosperity Index global f i rst quar ter 2014 www.global -br ief ing.org l 47


Global_17
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