Credit: HelloSafe Prosperity Index
The results of the HelloSafe Prosperity Index showed that Luxembourg leads the way (86.2) among the top 20 most prosperous countries, a list largely dominated by European nations, followed by Norway (85.1) and Ireland (84.7).
HelloSafe is a platform for comparing financial products (insurance, loans, investments) in countries around the world, and it has recently published its first Prosperity Index this year. This ranking reflects the economic strength of these nations, combined with high scores on human development and income equality. Qatar and Singapore stood out as the only non-European countries in the top five, attesting to their dynamic economies and advanced infrastructure. The United States and Canada ranked eighteenth and nineteenth, while France closed the top 20 with a score of 60.4, illustrating high prosperity although lower than that of Northern European countries and some dynamic Asian economies.
The 20 lowest-ranked countries in the HelloSafe Prosperity Index reflect extremely difficult socio-economic conditions, with very low scores ranging from 10.88 for Mozambique to 17.37 for Swaziland. This ranking is mainly occupied by sub-Saharan African nations, where economic challenges, poverty and limited infrastructure are recurrent. The Central African Republic, Madagascar and the Democratic Republic of Congo are among the least prosperous countries due to their low GDP and HDI, as well as their high income inequality and poverty rates. Yemen and Afghanistan also appeared in this group, marked by protracted conflicts and instability that hinder their development. This highlights the significant investment and development needs to improve prosperity in these regions.
The HelloSafe Prosperity Index was designed to provide a comparative measure of countries' prosperity by taking into account a combination of economic and social factors. Unlike rankings based solely on GDP, their index incorporates social indicators such as the Human Development Index (HDI) and the Gini coefficient, which reflect the quality of life and economic equity within a country. We have weighted the indicators according to their impact on overall prosperity. The HelloSafe Prosperity Index is, thus, based on six main indicators: Gross Domestic Product (GDP) per capita, Gross National Income (GNI) per capita, Gross National Savings Rate, Human Development Index (HDI), Gini coefficient and poverty rate.
