This new report from UK think tank the Legatum Institute quantifies prosperity across each African nation and tracks its evolution over the past decade.
Prosperity entails much more than wealth. It reaches beyond the financial into the political, the judicial, the wellbeing, and the character of a nation — it is about creating an environment in which people are able to reach their full potential. A nation is prosperous when it has an inclusive society with strong institutions, an open economy, and empowered people who are healthy, educated and safe. We believe that there is insight to be gained in examining the holistic drivers of prosperity and measuring their prevalence on the continent. With the generous support of Delta Philanthropies, we have created this Africa Prosperity Report, analysing and measuring the prosperity of each African nation, based on the Legatum Prosperity Index. We have analysed the performance of each country using 12 pillars of prosperity, comprising 65 different policy-focused elements, measured by close to 300 discrete country-level indicators, using a wide array of publicly available data sources. We hope to add to, and not subtract from, the efforts underway to measure progress on SDG indicators, offering a tool to measure holistically the institutional, economic, and social components of prosperity. This comprehensive set of indicators provides an incredibly rich dataset, allowing the potential of each country to be identified and understood. This in turn enables much more targeted policy responses that can drive tangible improvements in prosperity.Read Full Report