Political Risk Latin America Blog @PolRiskLatam

Uruguay the most prosperous country in Latinamerica says Legatum Institute

Posted in News and Articles, Political Risk by politicalrisklatam on November 4, 2010

by MercoPress, November 4th, 2010.

Uruguay is the highest positioned Latinamerican country in the 2010 list ranking the prosperity of 110 of the world’s nations by the London analytical centre Legatum Institute and its Legatum Prosperity Index.

“The Prosperity Index seeks to understand how economic fundamentals, health, freedom, governance, safety, education, entrepreneurial opportunity, and social capital influence a country’s economic growth and the happiness of its citizens,” the group says. Europe dominates the Top 10, taking six of the spots: Norway, Denmark, Finland, Sweden, Switzerland and Netherlands. The United States and Canada represent North America, while Australia and New Zealand check in from the Pacific-Asia nations.

In Latinamerica the most prosperous is Uruguay, positioned 28, followed by Chile, 32 and Costa Rica, 33. Argentina ranks 41 (down three positions from last year) and Brazil stands at position 45. Other Latinamerican countries positions include: Panama, 40; Mexico, 53; Colombia, 65; Paraguay, 67; Peru, 73; Venezuela, 75; Ecuador, 77 and Bolivia 82. In Europe, UK is ranked 13; Germany, 15; France, 19 and Spain, 23.

Now in its fourth year, the Index analyses 110 nations covering more than 90% of the world’s population and includes both material wealth and quality of life, and then employs a rigorous set of estimation methods to determine which factors matter most to nations’ overall prosperity. (continue reading… )


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