Singapore is the world’s most prosperous country in financial terms and in terms of the quality of its democratic and bureaucratic institutions, according to the Legatum Prosperity Index. Singapore is followed by Switzerland and Denmark in second and third place, respectively while Spain was ranked 24th.
The annual Prosperity Index ranks 142 states and territories and bills itself as the only global measurement of prosperity based on both income and well-being. Instead of focusing solely on macroeconomic indicators such as a country’s GDP per capita, Legatum Institute’s ranking adopts a “GDP and beyond” approach, using 89 variables spread across eight sub-indices.
You can view the complete ranking here.