The Legatum Institute’s Centre for UK Prosperity uses 256 indicators based on the latest available data to provide a comprehensive assessment of institutional, economic and social wellbeing across 379 local authorities.
For non-metropolitan areas in the West Midlands, Telford and Wrekin ranks 19th and Shropshire 22nd out of 23 council areas. Nationally the areas' ranks are 251 and 280 respectively, while the West Midlands ranks 14th out of 15 regions.
Professor Matthew Goodwin, director of the Legatum Institute’s Centre for UK Prosperity, said: “The UK Prosperity Index is the most ambitious assessment of prosperity across the country to date.
"With detailed data on all boroughs and council areas, it is a transformational tool that can help policy makers and influencers target their interventions more effectively on the journey towards greater prosperity.
"The Index will be updated annually, allowing citizens, businesses, local authorities, regions, and national government to track progress over time and hold decision-makers to account."
Warwick ranks in the top spot for the region.