Wednesday, June 20, 2012

Country Comparisons: Prosperity and Human Development


The following studies compare the standard of living amongst countries.

2011 Index of Economic Freedom

The Heritage Foundation (USA) and Wall Street Journal ranked countries on the ability of individuals to work, produce, consume, and invest in any way they please; and the ability of labor, capital and goods to move freely. For 183 countries, ten areas are ranked from 0 to 100, where 100 = maximum freedom. Following are the top 30:


1 - Hong Kong    89.7
2 - Singapore      87.2
3 - Australia        82.5
4 - New Zealand 82.3
5 - Switzerland    81.9
6 - Canada          80.8
7 - Ireland           78.7
8 - Denmark        78.6
9 - United States 77.8
10 - Bahrain        77.7
11 - Chile            77.4
12 - Mauritius      76.2
13 - Luxembourg 76.2
14 - Estonia         75.2
15 - The Netherlands 74.7
16 - United Kingdom 74.5
17 - Finland          74.0
18 - Cyprus          73.3
19 - Macau           73.1
20 - Japan             72.8
21 - Austria           71.9
22 - Sweden         71.9
23 - Germany        71.8
24 - Lithuania        71.3
25 - Taiwan           70.8
26 - Saint Lucia     70.8
27 - Qatar             70.5
28 - Czech Republic 70.4
29 - Georgia          70.4
30 - Norway          70.3


Source: http://www.heritage.org/Index/Ranking

2009 Legatum Prosperity Index

This index ranks 104 countries according to their overall abilities to foster the nine drivers of prosperity. The top 15 countries are:

1 - Finland
2 - Switzerland
3 - Sweden
4 - Denmark
5 - Norway
6 - Australia
7 - Canada
8 - Netherlands
9 - United States
10 - New Zealand
11 - Ireland
12 - United Kingdom
13 - Belgium
14 - Germany
15 - Austria

Source: http://www.prosperity.com/rankings.aspx

2009 Human Development Index

This index, published by the United Nations, ranks the achievements of countries in three basic aspects of human development: health, knowledge, and standard of living.

1. Norway
2. Australia
3. Iceland
4. Canada
5. Ireland
6. Netherlands
7. Sweden
8. France
9. Switzerland
10. Japan
11. Luxembourg
12. Finland
13. United States
14. Austria
15. Spain
16. Denmark
17. Belgium
19. Italy
20. Liechtenstein
21. New Zealand
22. United Kingdom
23. Germany
24. Singapore
25. Hong Kong, China (SAR)
26. Greece
27. Korea (Republic of)
28. Israel
29. Andorra
30. Slovenia

Sources: http://hdr.undp.org/en/statistics/ and http://en.wikipedia.org/wiki/Human_Development_Index

2009 Education Index

The United Nations also publishes an annual Education Index, which measures the adult literacy rate (with two-thirds weighting) and the combined primary, secondary, and tertiary gross enrollment ratio (with one-third weighting). The adult literacy rate gives an indication of the ability to read and write, while the GER gives an indication of the level of education from kindergarten to postgraduate education.

1. Norway
2. Australia
3. Iceland
4. Canada
5. Ireland
6. Netherlands
7. Sweden
8. France
9. Switzerland
10. Japan
11. Luxembourg
12. Finland
13. United States
14. Austria
15. Spain
16. Denmark
17. Belgium
18. Italy
19. Liechtenstein
20. New Zealand

Source: http://hdrstats.undp.org/en/indicators/93.html - there are many other indexes from the United Nations that can be browsed at http://hdrstats.undp.org/en/indicators/



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