The 2014 Africa Prosperity Report ranks 38 countries in terms of prosperity—defined as wealth and wellbeing. The report measures GDP and eight sub-indices such as education, health, and personal freedom.
As African economies grow, a chief concern for many governments is how to ensure that the fruits of growth benefit a majority of the population and contribute to true long term prosperity. Poor infrastructure, weak governance, unfriendly business climates, inadequate healthcare, and safety and security concerns are some of the challenges mentioned that may hinder long term development and prosperity.
Some have used these challenges to question, with good reason, the “Africa Rising” narrative that has dominated much of the comment and analysis about the continent in recent years. What these challenges reveal is that this narrative has been constructed predominantly on the basis of economic growth while ignoring many other vital foundations of prosperity.
The Africa Prosperity Report provides a comprehensive view of what’s happening in Africa beyond traditional economic indicators. It considers a broad set of indicators that tell us not only how nations perform economically but in vital areas such as education, governance, heath, safety and security, and more.
The Africa Prosperity Report shows that African nations have made progress over the last three years. In particular, African nations are performing well in the Personal Freedom, Economy and Entrepreneurship & Opportunity sub-indices.
Serious weaknesses persist, however, in the areas of Education, Health, and Safety & Security. There is however, some cause for optimism as the Prosperity Index shows that since 2012, six out of the top 10 most-improved countries in the world on the Health sub-index are in Africa. (Cont...)
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- 2015 Africa Prosperity Summit, Dar es Salaam, Tanzania (May) [View]