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Thu, 08 Nov 2012 21:15:00 GMT | By Jason Buckland, MSN Money
The world’s most prosperous nations

The U.S. falls off the list of the Legatum Institute's most prosperous countries.



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For you and your family, the definition of prosperity might be simple. It might mean health, happiness, a roof over your heads, a warm bed, and a stocked pantry.

When defining prosperity for entire nations, the exercise becomes more complex. Using eight measures*, the Legatum Institute has ranked the most prosperous nations on earth. The U.S., still struggling through a recession and fresh off a dicey election, has fallen out of the top 10, but where does Canada land on the world’s scale? Click through to find out.

* Full list of considered variables: economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital.

*Bing: What is the unemployment rate in your province?

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