Legatum Institute's 2014 Prosperity Index ranked Norway as the most prosperous country in the world, with Switzerland at number two on the list.
The rankings are based on eight variables of a country's prosperity performance:
Norway performed best on Social Capital and worst (7th) on Entrepreneurship and Opportunity.
The Nordic nation retained its number one spot from last year, as the top-ranking most prosperous country. New Zealand moved to third place, up two spots from 2013, while Russia slipped to Europe's worst performing country in 68th place.