The Legatum Institute, a British think tank has ranked the Czech Republic’s prosperity 26th in the world among 149 ranked countries.
The index assesses countries on the promotion of their citizens’ flourishing, reflecting both wealth and well-being.
Prosperity is measured via nine pillars: economic quality, business environment, governance, personal freedom, social capital, safety and security, health and the natural environment.
Using data from each of the countries, the index gauges whether a nation is moving towards or away from prosperity.
According to this year’s results, prosperity in the Czech Republic is on the rise.
In the overall Prosperity Index rankings, the country climbed one position from #27 to #26 as compared to last year. Since the Prosperity Index began in 2006, Czechia has moved up the rankings table by two places.
The Czech Republic Is Weak In Social Capital
In the Prosperity Pillar rankings, the Czech Republic performed best on Safety & Security (#20) and Education (#23).
The country scored lowest (#73) on the Social Capital pillar which measures the strength of personal relationships, social norms, and civic participation in a country.
The biggest positive change, compared to last year, was in the area of Safety & Security, which measures national security and personal safety; the Czech Republic’s ranking increased by seven places in this category, whereas it dropped seven places on the Natural Environment score.
European countries dominated the top 25 with Western European countries overtaking North America in the 2017 index.
The authors of the index call it “an authoritative measure of human progress, offering a unique insight into how prosperity is forming and changing across the world.”
See here for the full rankings.