Lebanon: Storm clouds over global prosperity

Lebanon: Storm clouds over global prosperity
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Published November 1st, 2012 - 04:00 GMT via SyndiGate.info

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Lebanon drops in global prosperity index
Lebanon drops in global prosperity index
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Legatum Institute

Lebanon dropped three ranks in the Legatum Institute's global prosperity index.

The country was ranked 85th down from 82nd last year. The index examining global prosperity and well-being benchmarks 142 countries in eight categories: economy, education, entrepreneurship and opportunity, governance, health, personal freedom, safety and security, and social capital.

Lebanon scored best in education, where it ranked 63rd, reflecting strong satisfaction in learning opportunities, quality of education and girls-to-boys enrollmentratio. The economy sub index performed better than most indicators as strong faith in financial institutions, 66.3 percent of those surveyed, and high GDP per capita growth rate between 2007 and 2012, 5.70 percent average, boosted the country into the 63rd rank.

People's expectations of the economy remained low at 1.40, significantly below the global average of 2.00 points. Lebanon scored worst in the social capital category ranking 120th. The personal freedom sub index was also low with the country occupying the 114th rank.

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