Venezuela shows the biggest global drop in the 2014 Prosperity Index

Caracas Chronicles

Prosperity is more than just material wealth. It is also the joy of everyday life and the prospect of being able to build an even better one in the future. Under this premise, The Legatum Institute –a London based public policy think-tank- created the Prosperity Index six years ago.

The Prosperity Index benchmarks countries using 89 variables spread across eight distinct categories of wealth and well-being: Economy, Entrepreneurship & Opportunity, Governance, Education, Health, Personal Freedom, Social Capital and Safety & Security.

In the 2014 Prosperity Index rank of 142 countries, Venezuela came in 100th place, a whopping 22 place drop in only a year –by far the biggest yearly fall for any country in the region and the world-. When compared with the 22 Latin American and Caribbean countries included in the rank, Venezuela has the 3rd worst spot, only ahead of Honduras (105th place) and…

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