According to the 2016 African Prosperity Index by Legatum Institute, Rwanda has been noted as the most improved country in 2016. However South Africa maintains the top spot for the 2nd year in a row.
The Legatum institute annually comes up with a prosperity ranking of 38 African countries basing their judgement criteria on governance, economy, health, security, freedom, education, etc. Simply put, the report analyses the economy of countries as it reflects per capita.
For 2015, the list was topped by South Africa with a 37th global ranking in entrepreneurship and opportunity; 54th in governance and personal freedom respectively and a commendable 67th position for social capital.
Rwanda is recognized for a good governance standard; constantly improving economy and reduced rate of corruption. Rwanda went up from 9th position in 2013 to 8th in 2014. The nation marked with “surplus prosperity” has maintained the 8th position for 3 consecutive years.
Generally speaking, the report says Africa’s prosperity is “rising but not shining.”
“The 2016 Africa Prosperity Report shows that decades of economic growth across the continent has failed to deliver greater levels of prosperity for many African countries.”- Legatum Report.
Senegal and Burkina Faso also produced commendable results in terms of Personal Freedom and Governance.
Central African Republic is reported to have the biggest ‘Prosperity Deficit’ in Africa.
With a GDP per capita of $6,949, Angola was reported to be under-achieving. The mono (oil) economy seems to have increased the unemployment rates in the country. Though a wealthy nation, Angola which infringes greatly on civil liberties ranks as the 2nd worst African nation after Central African Republic.
Here are the top 10 countries in Legatum’s African Prosperity Index:
10. Burkina Faso
1. South Africa
The top 10 African countries pretty much maintained their positions from last year.