Armenia (61st) has seen its prosperity improve most in Eastern Europe over the past decade, rising almost 20 places. It has made significant progress in decreasing levels of crime, halving its homicide rate since 2011.
Read MoreIceland is 8th in the overall Prosperity Index rankings. Since 2011, Iceland has moved up the rankings table by 3 places.
Iceland performs most strongly in Social Capital and Personal Freedom but is weakest in Economic Quality. The biggest improvement compared to a decade ago came in Economic Quality.
Visit our Rankings table to see how Iceland compares to other countries.