It captures the richness of a truly prosperous life and with it seeks to re-define the way we measure national success, changing the conversation from what we are getting to who we are becoming. This makes it an authoritative measure of human progress, offering a unique insight into how prosperity is forming and changing across the world.
A nation’s prosperity has traditionally been measured by macroeconomic indicators of wealth such as average income per person, GDP per capita. In moving to “GDP and beyond” to cover both wealth and wellbeing, and not just one or the other, the Prosperity Index faces the challenge of finding a meaningful measure of national success. This is something that the Legatum Institute has striven to achieve with academic and analytical rigour over the past decade.