With the exception of Health, Bolivia improves across almost every sub-index and sees a subsequent rise in overall rank in the 2016 Prosperity Index.
Improving across most sub-indices, Bolivia initially looks as though it is readily becoming one of South America’s most prosperity enriched nations. Unfortunately, whilst progress is being made, significantly in Safety & Security, Personal Freedom, Economic Quality, and Governance, where the jump is more than ten ranks in each of these sub-indices (Governance improved by 25 ranks), the sub-indices that don’t improve are concerning. Both Business Environment and Health now rank below 100th, with Bolivia’s Health rank now the lowest in South America.
In the Prosperity Sub-Index rankings, Bolivia performs best on Personal Freedom and Social Capital and scores lowest on the Business Environment sub-index.
Visit our Rankings table to see how Bolivia compares to other countries.
The ‘Prosperity Gap’ takes a country's GDP and uses it as the yardstick to measure a nation's expected Prosperity Index ranking.
Despite a couple of small prosperity deficits in 2008 and 2010, Bolivia has now established a small but firm prosperity surplus, based on a significant surplus in Personal Freedom, and small surpluses in areas like Education and Safety & Security.
In the chart above, each dot represents a country. The curve shows the general tendency with which prosperity increases as GDP per capita increases. If a country falls below the curve, then we can say that compared to all other countries, it is under-delivering prosperity for its citizens. Likewise, if a country rises above the curve, then we can say that it is over-delivering prosperity for its citizens. Learn more about the Prosperity Gap here.
Alternatively, have a look at the Prosperity Gap view on our Rankings table for a full list of countries and to see how each of them are performing on the various sub-indices.
03 November, 2016
Particular achievements can be observed in the region’s best-performing sub-indices since 2007: Health and Personal Freedom. The fear is that a decade of prosperity gains will…Read more