Oct 31, Colombo: The latest Legatum Prosperity Index, which ranks nations according to wealth and wellbeing factors, has placed Sri Lanka at 60th place moving up eleven places in overall Prosperity since 2009 when the country defeated three decades of terrorism.
This year's Prosperity Index, compiled by London-based Legatum Institute, contains data on 142 countries for 89 variables, spread across eight sub-indices. The sub-indices include, country's Economy, Entrepreneurship & Opportunity, Governance, Education, Health, Safety& Security, Personal Freedom and Social Capital.
Sri Lanka has seen big improvements in its Economy scores, which have contributed to the country's improvements in the overall Prosperity Index.
The Economy sub-index has risen twenty eight places to 74th since 2009, as a result of increases in capital per worker, gross domestic savings, perceived job availability, and satisfaction with access to adequate food and shelter.
Over the past five years, Sri Lanka has increased twelve places to 35th in the Social Capital sub-index, due to increases in willingness to help strangers and trust levels.
A whopping 82% of people say they can rely on others in times of need and 57% believe Sri Lanka is a good place to live for immigrants.
However, despite the end of the civil war with the Tamil Tiger terrorists in 2009, the country has not felt safe. The Safety& Security sub-index ranked at 121 out of the 142 countries surveyed.
Norway led the overall rankings for the fifth year followed by Switzerland, Canada, Sweden, New Zealand and Denmark in that order.
In the South Asian region, India declined to106th and overtaken for the first time in 2013 by Bangladesh which ranked at 103rd. Nepal ranked at 102nd and Pakistan remains low in the rankings at 132nd with progress hampered by security-related challenges.