NZ Named the Best Country in the World to Live in

Publish Date
Friday, 4 November 2016, 9:33AM
Photo / Getty Images

Photo / Getty Images

A global index of the world's best place to live put New Zealand at the top.

Researchers at the Legatum Institute think tank ranked New Zealand the highest, despite 26 other countries being wealthier, because of its 'unrivalled ability to turn its wealth into prosperity' - a broader measure than just money.

Rankings on the Legatum Prosperity Index are based on income as well as 'wellbeing' measures such as freedom, health, social ties, business opportunities, governance, nature, education and security.

"Free markets, free people, and the world's strongest society ensure that New Zealand takes the top spot in the Prosperity Index," the institute said.

Bottom of the table were Burundi, Angola, Mauritania and Iraq.

"New Zealand has ranked first in the Prosperity Index for six of the last ten years. Bar a small prosperity drop as a result of the 2008 global financial crisis and the immediate impact of the Canterbury Earthquakes, New Zealand's prosperity has been on an upward trend, particularly since 2012," the institute said.

"Underlying strengths include economic quality, particularly free and open markets, where New Zealand ranks 1st, governance (2nd), personal freedom (3rd), and social capital (1st)," the institute said.

Graphic / NZ Herald

Graphic / NZ Herald