The index ranks countries based on their performance in eight sub-indices: Economy, Entrepreneurship & Opportunity, Governance, Education, Personal Freedom, Health, Safety & Security and Social Capital.
According to the study, Norway stands as the most prosperous country for the sixth year in a row. Switzerland is ranked 2nd in the Index for the second year in arrow while New Zealand has risen for fifth to third since last year.
Spain is ranked at number 26, three places lower than last year’s index.
The least prosperous countries are predominantly found in sub-Saharan Africa, with the Central African Republic bottom of the rankings, followed by Chad and Congo.
Explore the 2014 Legatum Prosperity Index here.