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Pakistan's economy worst in Asia-Pacific region, reveals survey

Islamabad, Sun, 04 Nov 2012 ANI

Islamabad, Nov. 4 (ANI): Pakistan has the worst economy in the Asia-Pacific region, a survey has revealed.

The 2012 Legatum Prosperity Index, which ranked 142 countries on global prosperity based on both material wealth and personal well-being, has Pakistan at 132 on their list, reports The Express Tribune.

Pakistan ranks last on the economy sub-index in the Asia-Pacific region, experiencing the largest drop in the region. The country also ranks in the bottom ten in the sub-indexes of safety and security and social capital.

Pakistan, however, ranks higher than Afghanistan, which came in at 140.

The data has been calculated by implementing 89 different variables, which are spread across eight sub-indexes: economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital . These variables measure economic growth and well-being to determine the final Prosperity Index scores.

Key findings of the study show that global prosperity is increasing, but safety and security are decreasing. The data also reveals that six of the top 15 economies in the world are located in Asia.

The index highlighted that the system of government is a major factor in prosperity, with 27 of the top 30 countries on the list being democratic nations.

India, placed 101 on the Index, experienced a decline in prosperity because of a decrease in its score on the governance sub-index. Indian regions of Gujarat and Uttarakhand scored high on the social capital sub-index, having ranks equivalent to Germany and Belgium, respectively. (ANI)

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