“Prosperity Index 2012″ – Legatum
In another ranking called Prosperity Index 2012 run by Legatum, Australia was on the 4th position in the world after Norway, Denmark and Sweden.
Prosperity Index measures not only wealth but also different factors that make up citizen’s wellbeing or, in other words, ‘life satisfaction’.
There are eight sub-indices in Prosperity Index: Economy,Entrepreneurship & Opportunity, Governance, Education, Health, Safety & Security, Personal Freedom, and Social Capital. Each sub-index is composed of two components: one relating to wellbeing and one relating to income.