Ukraine has jumped 13 places this year and has made significant progress over the last few years.
This year’s Prosperity Index, raking the prosperity of all countries around the world, is published and reveals that Ukraine is doing better than ever. In the index, Ukraine takes a spot as 78th most prosperous country in the world and it is in the best position since 2007 when the first Prosperity Index was published.
Furthermore, Ukraine has jumped 13 places this year, which makes Ukraine the biggest climber on the list. The Prosperity Index evaluates countries in categories such as Inclusive Societies, Open Economics, and Empowered People.
Ukraine has been climbing up the list in almost every category over the last 10 years.
“Ukraine performs most strongly in Education and Enterprise Conditions but is weakest in Safety & Security. The biggest improvement compared to a decade ago came in Enterprise Conditions,” writes Prosperity Index about Ukraine.
A breakdown of the numbers
In the Inclusive Societies category, Ukraine has seen improvement in almost all four subcategories. Ukraine has grown 35 places in the ‘Social Capital’ category over the last 10 years, 28 places in ‘Governance’ and 11 places in “Personal Freedom’.
Only in the category ‘Safety and Security’ has Ukraine experienced a decline. Over the last 10 years, Ukraine has lost 45 places and is now ranked 134 in the world. The reason obviously is the war in Eastern Ukraine, which broke out in 2014 between Russian-backed separatists and Ukraine.
Ukraine has been improving in all four subcategories in the category ‘Open Economics’. Ukraine gained three places in ‘Investment Environment’, 70 places in ‘Enterprise Condistions’, 15 places in ‘Infrastructure and Market access’, and 10 places in ‘Economics Quality’.
In the main category ‘Empowered People’, Ukraine has progressed in two of the four subcategories. Ukraine declined 11 places in ‘Living Conditions and 5 places in ‘Education,’ but gained 6 places in ‘Health’ and 25 in ‘Natural Environment.’