Malaysia debuts on Social Progress Index 2014 ranking with a strong showing
The nation ranks top among ASEAN partners
Kuala Lumpur, 23 April 2014 – Malaysia, as a new entrant to the Social Progress Index (‘SPI’) in 2014, ranks 45th out of 132 countries measured in the Index with an SPI score of 70.00. According to this year’s SPI, the 2nd edition of this annual study, Malaysia, with a reported GDP per capita of USD 14,822 (at PPP), ranks top among the ASEAN states that were analysed: the Philippines (56), Thailand (59), Indonesia (88), Laos (98) and Cambodia (100). Malaysia is also ahead of emerging economic powerhouses like India (102), China (90), Russia (80), Turkey (64) and Brazil (46).
The SPI, created by a team led by Professor Michael E. Porter of Harvard Business School, is designed as a complement to GDP and other economic indicators to provide a more holistic understanding of countries’ overall performance. Deloitte Touche Tohmatsu Limited is a co-supporter of this Index. The top ranking countries for 2014 saw a surprise with New Zealand topping the Index ahead of Switzerland, Iceland, the Netherlands and Norway with traditional economic powers like Germany (12th), the UK (13th), Japan (14th) and the United States (16th) far behind.
This year, for the first time, each country’s performance was also compared to 15 other countries with a similar level of economic development, based on GDP per capita – as GDP per capita often shows a strong correlation to societal progress. For this analysis, Malaysia’s economic peers in the SPI are Russia, Panama, Botswana, Uruguay, Latvia, Chile, Turkey, Croatia, Belarus, Mexico, Mauritius, Hungary, Lebanon, Bulgaria and Kazakhstan.
Compared to this peer group of 15 countries, Malaysia has performed relatively well on the underlying measures of ‘Basic Human Needs’, particularly in the area of ‘Shelter’. It has also done well in the measures of ‘Foundation of Wellbeing’, in the areas of ‘Health and Wellness’ and ‘Ecosystem Sustainability’.
However based on the SPI 2014, compared to the countries in its peer group, Malaysia could do better in areas under the ‘Opportunity’ measurement, such as ‘Personal Rights’, ‘Personal Freedom and Choice’ and ‘Tolerance and Inclusion’.
Key global highlights include:
The top five: