• Sweden edition
 
Sweden climbs in global prosperity ranking

Sweden climbs in global prosperity ranking

Published: 31 Oct 2012 08:12 GMT+01:00
Updated: 31 Oct 2012 08:12 GMT+01:00

In the 2012 Prosperity Index published on Tuesday by the London-based Legatum Institute think tank, Sweden climbed to third place in 2012, up from fifth place in 2011.

Norway, meanwhile, maintained its hold on the number one spot, while Denmark came in second.

Published annually for the last six years, the Prosperity Index ranks 142 countries based on criteria in eight categories including economic strength, health, education and governance.

In the 2012 ranking, Sweden received highest marks in the "Entrepreneurship and Opportunity" sub-index, ranking second overall on the strength of low business start-up costs, high mobile phone penetration, and a high percentage of people who believe they will get ahead with hard work.

According to Legatum Institute CEO Jeffrey Gedmin, the index creates a "comprehensive picture of what makes a country truly successful, encompassing traditional measures of material wealth, as well as capturing citizens’ sense of well-being".

"GDP alone can never offer a complete view of prosperity," he said in a statement.

According to Gedmin, successful countries combine "social responsibility with personal freedom".

Despite continuing economic concerns in Europe, European countries dominated the top ten.

The United States, meanwhile, dropped out of the Prosperity Index top ten for the first time, dropping to twelfth place at what Gedmin called a "pivotal time" as the 2012 presidential elections draw closer.

“As the US struggles to reclaim the building blocks of the American Dream, now is a good time to consider who is best placed to lead the country back to prosperity and compete with the more agile countries that have pushed the US out of the top ten," he said.

The Local/dl

Follow The Local on Twitter

Related links:

Your comments about this article

10:07 October 31, 2012 by what would thomas paine do
Sweden's "success" is bought with the blood of its serially abused and murdered sick. Planned medical negligence is the new Eugenics.

Sweden is dubbelplusbra:

*Propaganda* is news. Coercion is law. Torture is healthcare.
12:07 October 31, 2012 by EP
So why am I nearly broke every month after I pay my taxes? Is it Sweden that has the prosperity or the people living in Sweden??? If Sweden, the country, well given it has the highest taxes in the world (as per an earlier Local article), then it's hardly surprising.
13:46 October 31, 2012 by HelmiVainikka
@EP Why are you even surprised? You gotta give the sheeple what they want to hear. And if you are born and raised in a country that from the very first breath you take tells you that you belong to the most bad-a$$ motherf*ckers on the planet, I guess people tend to believe in such BS because they don't know anything else.

The US does the same, with the only difference that nobody takes them seriously anymore and the only reason why nobody calls them what they are, a disastrous and bankrupt joke of what they used to be, is because they have a tendency to bomb people who disagree with their agenda.
09:39 November 2, 2012 by Rebel
EP you got it right. It is like in the days of mercantilism where a nation was considered rich if the ruling class had a lot of gold, despite throngs of hungry peasants.

Swedes pay more for products that are inferior, they pay more regressive taxes (i.e. energy taxes of nearly 2/3 of the product) than almost any otehr nation and while one can take the family out to Pizza Hut in the USA without any sense of busting the budget that is not true for this nation.

Sweden is a legend in its own eyes. Sad part is that the only people who believe it are ethnic Swedes who have never really spent time in any otehr western nation and believe the lies of the Swedish media.
18:21 November 2, 2012 by HarryM-B
This prosperity index was not compiled by Swedes. if you read the article again you will see it was comiled by the British London-based Legatum Institute think tank.
13:42 November 3, 2012 by trumanshow
If you live in Sweden on a gross income of 300000kr upwards then life would be ok. Its doubly hard for the relatively small number of people who can't find jobs or are on some sort of arbetsförmedling scheme. I am astounded that Sweden ranks so high for entrepeneurial opportunities. In my experience its a very slow and bureaucratic process and the only way you will succeed is if you can somehow take a slice of the tax money. I have never seen a place where there are so few small businesses. Maybe they are hidden. If you are in the cold and dark half of the year then you really have to believe that where you live has a lot going for it in other ways. Everyone knows that Sweden ranks the pr lists - from the individual to the country itself. Don't, don't, don't believe the hype. Swedes are not fools and thats for sure, constantly presenting themselves to be models of modern living can only benefit them. Other countries could learn that it doesn't pay to wash your dirty laundry in public.
11:43 November 4, 2012 by HorstRadisch
If you grumblers above mean that there are fewer millionaires here than elsewhere, you're probably right. I'm sure the good ole US of A has far more millionaires per capita than Sweden. However, it also has more murders, more crime in general, more poverty, far more people with little or no hope than Sweden has. Also, Sweden's health service and general welfare safety net, whilst far (and sometimes FAR) from perfect, provides a much better society than the supposed Land of the Free (or, as I term it, the Land of the People Who Think They're Free). It costs a lot to eat out regularly, yes. But it doesn't cost much to buy good ingredients and cook for yourself and your family. Which is best for your health and, at least most of the time, the well-being of you and your family? If you think a Pizza Hut meal or a massive helping of McCrap, sorry, McWrap (well, they sound the same) is better than a home-cooked meal, I actually feel sorry for you.

Is Sweden perfect? No, of course it isn't. If it were, 7 billion people would live here and then it would suck beyond all belief. Is anywhere perfect? No, of course not. Switzerland is fantastic, but it's not perfect. Cyprus is great, but it's not perfect. Even Florida's good for a holiday, but ye gods it most certainly ain't perfect!

Is Sweden a fine place to live, if you can put up with the long winters? In my opinion, yes, it is. And I speak as someone who drove a Porsche in the UK and doesn't even own a car here in Sweden today, at least partly for financial reasons, so I don't think anyone would consider me elitist anywhere in Scandinavia, even if I perhaps used to be.
13:04 November 16, 2012 by scandaphile
Some of these whingers need to get out a bit -- out of Sweden, so they can see just how good they've got it.

As for the USA, I call it The Land of the Nothing for Free; former home of the braves.
Today's headlines
Ebola crisis
Sweden pledges new aid to UN Ebola fund
Photo: TT

Sweden pledges new aid to UN Ebola fund

Sweden has offered a new sizeable contribution to the fund set up by UN chief Ban K-moon to fight the Ebola outbreak. READ  

Society
'Dark forces' target refugee hunting scheme
Photo: Lars-Göran Thuresson/Älgriket

'Dark forces' target refugee hunting scheme

The Swedish hunting association runs a project to encourage young asylum-seekers to learn about hunting, a move which has proved controversial among some far right groups. READ  

Business & Money
American sales squeeze Ericsson profits
Ericsson CEO Hans Vestberg presents the third-quarter earnings report at the company's headquarters in Kista. Photo: Janerik Henriksson/TT

American sales squeeze Ericsson profits

Swedish telecoms equipment maker Ericsson reported a decline in net profit in the third quarter despite an increase in sales, boosted by business in emerging markets. READ  

Interview
'Too many concerts feel the same'
Sofar hosts secret gigs in Swedish apartments. Photo: Sofar

'Too many concerts feel the same'

Kattis Bjork founded Stockholm's secret gig scene - Sofar - a year ago. The Local caught up with her as she prepared to celebrate the project's anniversary this weekend and revealed the concept will spread to other Swedish cities in 2015. READ  

Stockholm 'sub hunt'
Sweden calls off suspect submarine search
Ships are returning to shore in Sweden. Photo: TT

Sweden calls off suspect submarine search

The core search for a suspected foreign vessel in Swedish waters has been called off. The armed forces said they remained convinced foreign underwater activity had taken place but had not identified an intruder. READ  

Business & Money
US and Japan fuel surge for Volvo trucks
Ed Carbaugh prepares to install parts on a truck engine on an assembly line at Volvo Trucks' powertrain manufacturing facility in Hagerstown, Maryland, March 2014. Photo: Patrick Semansky/AP

US and Japan fuel surge for Volvo trucks

Sweden's Volvo, the world's second-largest maker of trucks, said Friday it saw a spike in profits in the third quarter, boosted by thriving sales in the US and Japanese markets. READ  

Inspectors attacked at rogue doc’s surgery
Cigarettes and beer photo: Shutterstock

Inspectors attacked at rogue doc’s surgery

Inspectors who were sent to shut down a doctor’s surgery in Gothenburg were physically attacked and fled the premises to get help from the police. READ  

Police turn Swede’s vodka into water
A Swede loads a car with alcohol in northern Germany. File photo: Drago Prvulovic/TT

Police turn Swede’s vodka into water

Swedish police say they will pay a man 16,000 kronor ($2,200) in damages after much of the alcohol they confiscated from him was stolen, while many of the bottles they returned were filled with water. READ  

Diplomacy
US to get first female ambassador in Sweden
File photo: Athena Center for Leadership Studies

US to get first female ambassador in Sweden

The United States Embassy in Stockholm is set to get its first female ambassador after the White House announced it was nominating the Iranian-American ex-investment banker Azita Raji to take over from Mark Brzezinski. READ  

Neo-Nazi attacks
Neo-Nazis cleared of knife attack on Nigerian
Police intervene after neo-Nazis attack an anti-Nazi rally in Kärrtorp, December 2013. Photo: Hampus Andersson/TT

Neo-Nazis cleared of knife attack on Nigerian

A Stockholm court has cleared three neo-Nazis of stabbing a Nigerian man in an unprovoked attack. But two of the men will face jail after they were convicted of racial agitation at a riot. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Lifestyle
What's On in Sweden: October 24th - 31st
Gallery
People-watching: October 22nd
Gallery
In Pictures: Prince Carl Philip and Sofia Hellqvist
Lifestyle
Eight things to love about renting a Swedish apartment
National
Vasa ship cannon blasted in Sweden
Blog updates

24 October

Editor’s blog, October 24th (The Local Sweden) »

"Hi readers, Get ready to read our weekly digest of Swedish news in less than 60 seconds. The..." READ »

 

24 October

Is darkness weather? (Blogweiser) »

"I try very hard not to talk about the weather. This has come after a decade..." READ »

 
 
 
National
Sub hunt: Day-by-day
National
Sub hunt: Stockholm islanders share their fears with The Local
Sponsored Article
The best options for oversea transfers
National
Get 20% off unique Swedish homeware
National
Dentist gives free care to Roma beggars
Business & Money
Get your own office in Gothenburg or Stockholm - free for a day
Gallery
Property of the week: Malmö
Gallery
PHOTOS: 'Foreign activity' in Swedish waters
Gallery
People-watching: October 19th
TT
Society
QUIZ: How good is your Swedish?
Lifestyle
What's on in Sweden: October 17th - 24th
Society
The nudity... and nine other things expat men notice in Sweden
Gallery
People-watching: October 15th
Gallery
Your views: Should outdoor smoking be banned in Sweden?
Business & Money
Sweden has 'large hole' in finances
Sponsored Article
Introducing... Finding a job in Stockholm
Society
Monster salmon caught in northern Sweden
Gallery
Property of the week: Lorensberg
National
Scandinavia's child bride
National
Ebola crisis: How is Sweden preparing?
Business & Money
How Sweden is becoming a cashless society
Gallery
Stockholm Burlesque Festival 2014
National
How a little red horse became a symbol for Sweden
Gallery
People-watching: October 12th
Business & Money
The hottest start-ups from southern Sweden
National
What's on in Sweden: October 10th - 17th
National
Stockholm is 'best' region for well-being
Gallery
People-watching: October 8th
National
Five facts to know about Patrick Modiano
Society
My Swedish Career: A French fashionista in Sweden
Society
Swede's anti-bully Facebook tale goes viral
Society
Have you seen Sweden's viral subway cancer campaign?
National
Isis: Swedes linked to Turkish prisoner swap
National
Should Swedes be banned from buying sex abroad?
Gallery
Fredrik Reinfeldt's leaving presents
National
Five Swedish TV shows you shouldn't miss
Gallery
A tool belt, a casserole, and a book. Fredrik Reinfeldt's parliament gifts
TT
Lifestyle
Top five winter festivals in Sweden
TT
National
Sami reindeer herders win mine reprieve
Gallery
Property of the Week: Gamla Enskede
Sponsored Article
How to catch the first lobster of the year
Team SCA
Sponsored Article
All-female SCA team takes off on Volvo Ocean Race
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

985
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com
PSD Media
PSD Media is marketing company that offers innovative solutions for online retailers. We provide modern solutions that help increase traffic and raise conversion. Visit our site at:
http://psdmedia.se
If you want to drink, that’s your business.
If you want to stop, we can help.

Learn more about English-language Alcoholics Anonymous in Sweden. No dues. No fees. Confidentiality assured.
AA-EUROPE.ORG/SWEDEN