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However, it scored relatively low in the natural environment variable.ĭenmark is a country that continuously manages to be extremely prosperous and create a living environment where everyone can feel safe and get a chance to succeed. The areas where this country is the strongest are the living conditions and social capital. This is not surprising at all since the country has been in the first place since 2009.
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In 2019, Denmark scored high enough on all of the variables to take first place as the best country to live in. This is followed by the enterprise conditions, which measures regulations that govern all aspects of starting a business, and market access and infrastructure, that unsurprisingly, measures how well developed the infrastructure of the trading system is. Social capital refers to the willingness of the citizens to engage in civic activities, as well as the strength of social norms and relationships in a country.īy measuring the investment environment, we can see how safe the capital investments in a specific country are, and if they are protected. The variable of governance tries to determine if the government in a specific country is doing the best job they can and if there are any corruption involved, as well as tries to identify if there are ways to check the institutions in power and keep them restrained if needed. Personal freedom tries to measure how much a country is doing in order to give everyone living in it their individual liberties and the most basic rights. Safety and security refer to how much crime in all its forms manages to destabilize the feeling of safety in the citizens of a country. Some of the variables are easy to understand, while others might seem a bit abstract. Throughout the years, all of the variables that are taken into consideration for this list are researched through multiple large-scale surveys, and the Legatum institute picks the most reliable ones when creating the list. The United States placed 18th on the list, and we will also explore why. In 2019, the countries that were placed at the top of the list were Denmark, Norway, and Switzerland. All of the data is collected from different reliable sources that do large-scale research, and it is not hard to see why all of these variables are considered important for the quality of life in a country. These groups of variables are economic quality, investment environment, enterprise condition, market access and infrastructure, education, health, governance, personal freedom, safety and security, natural environment, living conditions, and social capital. These variables are divided into twelve larger groups, all of which are equally important when creating the list. This index looks at 140 nations across the world and analyzes 104 different variables that help determine the countries with the best quality of life. It is called the Legatum Prosperity Index, and the Legatum Institute publishes it. Everyone focuses on different things when trying to find a possible new place of residence, so we have to wonder if there even is a list that looks to determine what the best countries to live in are? As it turns out, there is. When judging the quality of life in a specific country, it is incredibly hard to be objective.