SA rated in global entrepreneurship index

South Africa ranks 74th out of 142 countries in the latest Legatum Prosperity Index‚ a global assessment of national prosperity based on wealth and wellbeing.

The country achieved its best ranking for entrepreneurship and opportunity, at 34, with business start-up costs very low in comparison to the global average.

When questioned: Can people get ahead by working hard? 88.3% of respondents answered in the affirmative, against a global average of 81.70%.

For ICT-related research, the Legatum Prosperity Index finds that South Africa has 126.80 mobile phones per 100 people ( in 2010), as opposed to a global average of 105.60.

Mobile phones per household in SA is put at 94.80% in 2010, from 83% globally.

ICT exports as a percentage of total exports is at 1.00% in 2010 in SA, versus a global figure of 2.00%.

The country falls behind when it comes to research and development (R&D) expenditure as a percentage of GDP, at 0.70% in 2010, against a global average of 0.90%.

The US ranks outside of the top ten for the first time (down to 12th), pulled down primarily by a decline in the Entrepreneurship & Opportunity sub-index. This fall  is driven by a decline in the number of US citizens who believe that hard work will get them ahead and a decrease in ICT exports

Top 15:

Rank Country
1 Norway
2 Denmark
3 Sweden
4 Australia
5 New Zealand
6 Canada
7 Finland
8 Netherlands
9 Switzerland
10 Ireland
11 Luxembourg
12 United States
13 United Kingdom
14 Germany
15 Iceland

A breakdown of South Africa’s ranking in other fields highlighted by the Legatum Institute include the economy (87), entrepreneurship and opportunity (34), Governance (45), Education (89), Health (114), safety and Security (100) personal freedom (48), and social capital (80).

Among the 30 lowest ranking countries in the Index, 24 are in sub-Saharan Africa. The highest ranking sub-Saharan African country is Botswana (70th), followed by South Africa (74th) and Namibia (83rd).

The 2012 Index includes 16 new sub-Saharan African countries, all of whom rank among the bottom 40 of the Index.

Many African countries perform best in the Social Capital sub-index, including Zambia, Sudan, Uganda, Mali and Tanzania, who rank  among the top 60 countries, in this sub-index overall.

Related articles

Google signs up 25,000 SMEs for Woza Online

The easiest place to do business in the world

South African economy shows slow recovery

SA behind Tunisia in Africa Web ranking

SA online economy at 2.5% of GDP by 2016

SA online economy at R103bn by 2016

Africa’s biggest GDP players compared

SA Internet stats for 2011 revealed

Must Read

Partner Content

Show comments

Trending Now

Follow Us

SA rated in global entrepreneurship index