The Legatum Institute recently released its 2011 Prosperity Index which ranks countries according to a range of economic, governmental and personal freedom criteria.

Australia ranked:

  • Third overall (ahead of both the US and the UK).
  • First in educational opportunities.
  • Fourth in personal freedom.
  • Sixth in governance.
  • Seventh in both economy and entrepreneurship opportunities.

Australia’s estimated average distribution is $40,816 per capita for gross domestic product, which is in part reflected in the high exchange rate with he Australian dollar generally trading stronger than the $US throughout 2011.

There are many independent lists released throughout the World, and Australia consistently ranks in the top three.