Luxembourg is the richest country in the world according to this study

Luxembourg overshadows 185 countries: the online financial platform HelloSafe has published its prosperity index for the first time. 186 countries were compared based on economic, social and environmental criteria, including indicators such as the Human Development Index (HDI) and the Gini coefficient, both of which reflect quality of life and economic equity in the world. within a country. The gross domestic product (GDP) per capita and the poverty rate in each country also played a role in producing the rankings.

The index is led by European countries, with Luxembourg leading the way (86.2 points), followed by Norway (85.1) and Ireland (84.7). These results reflect “robust economies, high living standards and a good distribution of wealth,” according to HelloSafe. Qatar and Singapore occupy fourth and fifth place respectively, a result attributed in particular to “their dynamic economies and advanced infrastructure”.

Several neighboring countries in the top 20

Luxembourg’s neighboring countries, Germany, Belgium and France, are in the top 20 of the evaluation. African territories are at the bottom of the pack, with low scores of 10.88 points for Mozambique or 13.09 points for Madagascar. These countries “reflect extremely difficult socio-economic conditions (…) where economic challenges, poverty and limited infrastructure are recurrent,” explains HelloSafe.

The platform also ranks war-torn countries like Yemen and Afghanistan among the bottom ten. Countries “marked by prolonged conflicts and instability which hamper their development. This situation highlights the great need for investment and development to increase the prosperity of these regions.

The aim of the index is to highlight prosperity in the countries concerned and to “surpass rankings based solely on raw prosperity indicators such as GDP”, explains the platform. The result highlights the challenges linked to development differences around the world. Data was collected by HelloSafe from the World Bank and the United Nations Development Program (UNDP).

This article was originally published on the website of Luxembourg word.

Adaptation: Antony Speciale