The best country to live in – Part I
by presbiter iohannes
Gapminder is a website in which you can cross several statitistic data from around the world and obtain a graphic. In their own words:
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Two and a half years ago I started tinkering with statistics to see if there was correlation between the unemployment rate and public debt, or the perception of corruption, or the value of the largest companies, or the percentage of state income coming from taxes. Having failed to establish such correlations , either from lack of data or my own inability, I found what should be the best and worst countries to live.
First of all, some provision of vocabulary would be in order.
Gini Index: is a measure of statistical dispersion intended to represent the income distribution of a nation’s residents. A Gini coefficient of one (or 100%) expresses maximal inequality among values (for example where only one person has all the income). In other words, the bigger, the worse.
Human Development Index: is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers (low, medium, high, very high) of human development. In other words, the bigger, the better.
Combining both, as for 2000 (more countries in the graph), this is the result:
The more to the right and down, the better.
Gross Domestic Product: is the market value of all officially recognized final goods and services produced within a country in a year. GDP per capita (aka per person) is often considered an indicator of a country’s standard of living. GDP per capita is not a measure of personal income.
Purchasing Power Parity: (PPP) is a component of some economic theories and is a technique used to determine the relative value of different currencies.PPP exchange rates help to avoid misleading international comparisons that can arise with the use of market exchange rates. In other words, it is a way to compare how expensive is what yoy buy according to what you earn in any given country.
Inflation adjustment: is just taking out of the equation how the cost of living grows as time goes by.
Again, right and down is good.
And I finally considered how to reflect the happiness of people or the lack of it. No further explanation needed for the next graphic.
In your opinion, what are the best countries to live?