UK ranks 13th on world prosperity league table

The UK is 13th on the World Prosperity List, with a high ranking for entrepreneurship and opportunity being compromised by lower rankings for education, health, the economy, safety and security.

The UK is 13th on the World Prosperity List, with a high ranking for entrepreneurship and opportunity being compromised by lower rankings for education, health, the economy, safety and security.

According to the respected Legatum Prosperity Index, the UK is fifth in the world for entrepreneurship and opportunity.

The organisation says “the UK has high levels of innovation and a strong infrastructure for entrepreneurship”. It adds: “There are clear signs of robust innovative activity in the UK. Although Britons perceive the entrepreneurial environment to be below average, start-up costs are ranked seventh lowest in the world. Mobile phone access is high, and the country places in the top 10 for both access to internet bandwidth and to secure internet servers, all of which points to a strong infrastructure for entrepreneurship.”

The UK is also among the 20 best countries worldwide for equality of economic development across different socio-economic groups, says Legatum. However, it adds, “only 78% of Britons believe that hard work will get them ahead in life, which is below the global average”.

The UK was the 18th best country for its economy, but even in 2009 when the research was carried out, although nine out of 10 citizens were satisfied with their standard of living, their job expectations and wider expectations for the general economy were below average and finance confidence was low.

The UK was only ranked 22nd for education, mainly due to the lower than average number of years spent in secondary education and the average years completed in higher education.

It was ranked 20th for health, due to low immunisation rates, the high rate of respiratory disease and the high number of people who do not feel well rested when they start the day.

However, the UK was ranked 9th for social capital. The report said nearly 10 out of 10 Britons feel that they have friends or family to rely on in times of need. “Over 96% of people believe that they can rely on relatives and friends for help in times of need, earning the UK second place on this variable,” it states.

Norway, Denmark and Finland were the highest ranking countries.

 





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