Legatum Institute

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2018 Legatum Prosperity Index: Global prosperity rises to highest ever level


2018 Legatum Prosperity Index: Global prosperity rises to highest ever level

PI 2018

Global prosperity rises to highest ever level, but falling safety and security poses major challenges for individuals, communities and nations around the world.

The 2018 Legatum Prosperity Index identifies that:

  • Global prosperity is at its highest level in the 12-year history of the Index, with more people living prosperous lives than ever before.
  • The gap between countries with the highest and lowest prosperity scores is widening.
  • Safety and Security is the foundation of successful nation-building and is the essential precondition of prosperity.
  • Safety and Security continues to decline, with the most significant deterioration found in MENA and sub-Saharan Africa, driven by war, terrorism, oppressive regimes, and the declining availability of food and shelter.
  • Prosperity is dependent on good leadership to identify and pursue domestic priorities, mobilising support for a clear agenda for development.

The 12th edition of the Legatum Prosperity Index shows that prosperity has continued to rise around the world over the past year, reaching its highest ever level and continuing the steady increase witnessed since the inception of the Index in 2007.

Read the full report here.

Visit prosperity.com to explore how prosperity is changing around the world.

Recent Publications

Adopting a rules-based planning system will help solve the UK housing crisis

Sunday, 25 November 2018

A new report published by the Legatum Institute together with Create Streets recommends a move towards a clear rules-based system to standardise planning approvals across the UK and build more and better homes more quickly, to address the housing crisis.

The report, entitled More Good Homes, outlines proposals to build more homes by introducing certainty, accountability and powers that remove anti-competitive barriers to entry and permit the construction of homes that people like, in walkable and popular urban areas backed by popular support.

Read the report here.

The Central and Eastern Europe Prosperity Report: Smart strategies to further improve economic and social wellbeing

Tuesday, 25 September 2018

Central and Eastern Europe is at a cross roads; the choices made over the next few years are going to determine the sustainability of future prosperity. 

Over the last thirty years the rise in prosperity across Central and Eastern Europe has been truly remarkable. But as convergence with Western Europe has slowed over the last decade, less than 20% of the gap in prosperity has been closed, and serious questions now loom.  Even so, the Legatum Institute believes that whatever path is followed the common foundations of prosperity, including: rule of law; government integrity and performance and an engaged citizenry are going to be critical to success. If the region were a single country, the average score in the Legatum Prosperity Index would now rank it at 38th in the world. Long-term prosperity is ever more dependent on creating the conditions that develop, attract, retain, and welcome home, highly skilled citizens.

Read the report here

A new measure of poverty for the UK: a report by the Social Metrics Commission

Monday, 17 September 2018

Our CEO, Philippa Stroud established the Social Metrics Commission with the sole aim of developing new measures of poverty for the UK. The need for an independent Commission was clear; much of the last decade of political and policy debate on poverty has focussed on whether and how we should measure poverty, rather than the action needed to drive better outcomes for the most disadvantaged in our society. If this is to change, developing a metric is not enough; we also need to be able to use it to build a new consensus around poverty measurement and action in the UK. 

This report is the culmination of two and a half years of work from our Social Metrics Commissioner which is made up of top thinkers from the left and right and policy and measurement experts with no political position. It outlines a new approach to poverty measurement for the UK and provides original analysis that demonstrates the fundamental changes to our understanding of poverty it creates. Most importantly, the approach, results and recommendations in this report are supported by every Commissioner. They truly represent a consensus view of how we should measure and understand the incidence of poverty in the UK and the experiences of those who are in poverty.

Read the summary here and the full report here.

The Maker Generation: Post-Millennials and the future they are fashioning

Tuesday, 24 July 2018

The generation currently finishing their education has great potential. However, their ability to realise their potential is being threatened. Though today’s young people are less likely to be taking drugs, committing crime and getting pregnant than prior generations, Britain has an adolescent mental health crisis. This stage of life is when people are particularly susceptible to the development of mental health issues, with most adult mental illness starting during adolescence.

Our prosperity as a nation is dependent on the wellbeing of all its members. Furthermore, the journey of people out of poverty towards prosperity depends on ensuring this next generation emerges as a thriving cohort. Their employment prospects and collective contribution to society are dependent on their wellbeing.

While many organisations are working on the ground to increase awareness, diagnosis and support for young people, the public policy debate is lagging behind these efforts. In response, this report intends to contribute to understanding young people and the challenges they face.

Read the report here.

All politics is local: strengthening communities, transforming people's lives

Tuesday, 17 July 2018

We are facing a moment of profound change, which demands a more coherent look at our governance and a better approach to empowering individuals and communities, who we believe should be at the heart of politics.

However, centrally-mandated policies are delivering public services with little input from local communities. Just as they can send signals through market mechanisms in the private sector, people want choices in public service delivery in order to feel in charge of their lives and have a say on how their taxes are spent. This matters because prosperity results from good governance. And good governance requires legitimacy, accountability, transparency, and responsiveness.

For democracy to work, individuals need to have confidence that government decisions are made because they are good for them and their communities. Most of our lives are spent as part of communities, which show their strength by being resilient and adaptable. Empowering people is at the heart of strengthening communities and society.

Read the report here.