Prosperity Grows World-wide, But Income Inequality Increases Also

In 2018, global prosperty rose and “is at its highest ever point; the median score has moved up the equivalent of 15 places since 2007. Since 2013, 113 countries have improved their Prosperity Score,” and 95 countries improved their score from 2017, according to the global Prosperity Index.

“However, this improvement is not shared equally. The gap between the largest and smallest scores has been growing steadily since 2013, and this year the gap is the largest it has ever been.”

The most significant 10-year gains have been in  AsiaSub-Saharan Africa and Eastern Europe, attributed to an improved climate for entrepreneurs and easier ability to start a business. The index includes personal freedoms, governance and economic quality in its measurements. The Middle East and North Africa lost ground on the prosperity index, due to reduced personal freedoms and declining social capital.

Read the full report.

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