The Legatum Institute is…
a London-based think-tank with a global vision: to see all people lifted out of poverty. Our mission is to create the pathways from poverty to prosperity, by fostering Open Economies, Inclusive Societies and Empowered People.
They have created a tool that tracks how a state (or country) is doing in a number of categories:
- Business Environment
- Market Access & Infrastructure
- Economic Quality
- Safety & Security
- Personal Freedom
- Social Capital
- Living Conditions
- Natural Environment
Here’s what they say about the US…
United States is 17th in the overall Prosperity Index rankings. Since the Prosperity Index began in 2007, United States has remained at the same position.
In the Prosperity Pillar rankings, United States performs best on Business Environment and Social Capital and scores lowest on the Safety & Security pillar. The biggest positive change, compared to last year, came in Personal Freedom increasing by 5 places, whereas they dropped 4 places on Natural Environment.
Visit our Rankings table to see how United States compares to other countries.
The also have a Minnesota report. Spoiler alert: Minnesota comes in third for overall prosperity! So that’s good. And our score has increased from 62.4 to 64.3 in the last 10 years. It’s a 14-page report and it’s very interesting. I strongly suggest you check it out it’s so broad in topic. Looking at the details with a broad brush, I’d say its Minnesota’s quality healthcare and social capital that buoy our scores. Personal freedom is an area where we could use some improvement. Unfortunately our market access and infrastructure are not boosting us either.