2024, Vol. 7, Issue 2

The issue of well-being has taken a large part in the world’s aspirations, and several indicators have emerged to measure it, but one of the most prominent of these indicators is the global prosperity index. The importance of this research stems from the lack of studies that have dealt with this indicator, which is somewhat new. The research aims to identify the global prosperity index. Its most important pillars and its impact on the GDP in selected countries are (Denmark, Norway, Switzerland, Sweden, and Finland). The research assumes that there is a positive relationship between this indicator and the GDP, using Panel Data for both the Global Prosperity Index and the GDP of the countries. Selected in search that also, the research combined the descriptive method in studying the prosperity index and economic variables, the analytical method by analyzing data, and the standard approach by studying the impact of prosperity on the gross domestic product using the statistical program. As for the most important conclusions, there is a positive significant effect of the prosperity index on the gross domestic product in the short term, as a one percentage point increase in the index leads to an increase in the gross domestic product (0.3388%) at a significant level (1%), in addition to that in the long term it turns out that there is a significant effect The GDP prosperity index is positive, as increasing the index by one percentage point and at a significant level (1%) led to an increase in the GDP by (0.8703%). The most important proposals were to shed light on the global prosperity index in international forums and introduce its sub-indices. Relationship with the life of societies as well as encouraging countries to obtain advanced ranks in the Global Prosperity Index.