UAE ranks 27th happiest country

December 12th, 2011 by Stephen Jones Leave a reply »

The latest Legatum Index ranks 110 countries on their overall level of prosperity.

UAE ranks 27th based on various parameters including: economy, entrepreneurship, governance, education, health, safety, personal freedom and social capital.

India is ranked at No 91. Yet, many Indians are optimistic about their economic future as well as about business opportunities, the survey reveals.

Rwanda, at 98, is ranked below Iran (97). The country faces a small domestic market, poor standards of living and high inflation. Kenya’s economy is one of the worst performing in the world with very dissatisfied citizens, most of which are deeply suspicious of their country’s politics. Kenya is ranked at No 102. Nigeria (104) faces an inflation rate of around 11%

Yemen has high unemployment, low output, and poor prospects for future growth; not to forget the civil unrest. The country is ranked at No 106. Pakistan is one more Asian country in the bottom 20 ranks. Ranked 107, Pakistan does not perform well on most macroeconomic variables. Its political system suffers from a lack of competition and low accountability

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