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Taiwan ranks 20th in prosperity index

Taiwan ranks 20th in prosperity index

London, Oct. 30 (CNA) Taiwan is ranked 20th among 142 countries in the world in this year's Legatum Prosperity Index, the same as last year, according to a report released by British think tank the Legatum Institute on Tuesday. Taiwan had the fifth highest overall ranking among the 28 countries and territories in the Asia-Pacific region covered by the 2012 index, trailing only Australia (fourth), New Zealand (fifth), Hong Kong (18th), and Singapore (19th). Norway was the top ranked country in the index for the third year in a row, followed by Denmark and Sweden. Rounding out the top 10 were Australia, New Zealand, Canada, Finland, the Netherlands, Switzerland, and Ireland. Among the eight categories that make up the index devised to assess a country's overall well-being, Taiwan scored the highest in the "education" and "economy" categories, finishing fourth and seventh in the world, respectively. It ranked second in the "economy" category among Asia-Pacific economies, behind only Singapore, which finished third in the world. The other categories comprising the index are entrepreneurship & opportunity, governance, health, safety & security, personal freedom and social capital. Nathan Gamester, the institute official in charge of the assessment, said one of the major findings in this year's index was the rise of a number of Asian economies, with six of the top 15 countries in the economy category being located in the Asia-Pacific region. Another significant finding was the United States' fall out of the top 10 for the first time since the institute began conducting the survey, he said. The United States ranked 12th after falling eight spots in the entrepreneurial & opportunity sub-index. Gamester also praised Taiwan's performance, saying that Taiwan is "a country on the rise. Its economy is strong," and that "overall, the picture is very positive for Taiwan." He said Taiwan ranked in the top 30 in each of the eight sub-indexes except in the governance category, in which it ranked 31st, four places better than last year. If the current trend continues, Taiwan's ranking in the governance category could catch up with its performance in other indexes in the next year or so, he said. Among other Asia-Pacific countries, China's ranking dropped to 55th from 52nd last year. Its strongest performance was in the economy (11th) and social capital (29th) categories, but it fared poorly in the safety and security (101st) and personal freedom (128th) sub-indexes. Japan and South Korea rank 22nd and 27th overall, respectively. (By Jennifer Huang and Lilian Wu)


Updated : 2020-12-01 10:41 GMT+08:00