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SA ranked 74th in prosperity stakes

Oct 30 2012 12:37 I-Net Bridge

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Johannesburg - South African has been ranked 74th out of 142 countries in the latest Legatum Prosperity Index‚ a unique global assessment of national prosperity based on wealth and wellbeing.

The countries best ranking was in the entrepreneur category where it was ranked 34th‚ with its worst ranking being 114 for health.

As the race for the White House reaches fever pitch‚ the latest findings from the index reveal that the American Dream is in jeopardy. In an unprecedented fall‚ the US dropped to 12th position in the worldwide prosperity rankings - with weakening performance across five of the index's eight sub-categories.

Meanwhile‚ Scandinavian countries prosper most‚ with Norway‚ Denmark and Sweden topping the overall index as first‚ second and third respectively. A new generation of Asian 'Tiger Cubs' has also emerged‚ with Vietnam‚ Thailand‚ Malaysia‚ and Indonesia all scaling the rankings.

In Europe‚ overall prosperity has increased‚ with Ireland‚ the Netherlands and Germany climbing the rankings (now eighth‚ tenth and 14th respectively). However‚ more than two thirds (24 out of 33) of European countries have seen their economy score decline since 2009.

 
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