The Philippines ranked 79th out of 161 countries with a score of 63.06 out of 100 in the latest Legatum Prosperity Index, released by investment firm Legatum and the London-based think tank Prosperity Institute. The index assesses prosperity across three domains — development, freedom, and society — which measure the extent to which countries create the social, economic, and human conditions that enable people to thrive. First published in 2007, the annual index draws on a wide range of economic and social indicators to rank more than 160 countries and is used by governments and researchers to track long-term progress in living standards beyond headline economic growth. While the country's ranking was unchanged from the previous year, its score improved from 62.88 recorded a year earlier, a pattern that suggests incremental gains in underlying conditions even as the country's relative standing among peers held steady.