Tuesday, June 17, 2014

Which is the world's most successful country?

Building off of this post, I've added employment rates (in %) for those from 25-54 years old and have come up with this table, which ranks various rich countries by several key indicators (click to zoom):

This doesn't get discussed much (although here's one recent post), but note how the US has the lowest employment ratio for those form 25-54 years old. Note that we're talking about employment here and not unemployment. On the right, the overall rank column is a ranking of the sums of the individual ranks. Note that, according to these metrics, the most successful countries in the world (in order) are Iceland, Sweden, Norway, Japan, and Switzerland. Overall, it appears that any talk of the US moving toward European-style tax rates isn't necessarily a bad thing. Northern Europe, with their large social safety net, appears to be doing something very right. In fact, I might try to convince the dear wife that a trip to Iceland is in order.

Source notes:

1. Number of deaths between birth and age 1 per 1000 live births in 2012. Data here.

2. Maternal deaths per 100,000 live births in 2013. Data here.

3. Number of deaths of people between 15 and 60 years of age per 1000 population for 2012. Data here.

4. Life expectancy at birth (in years). Data here.

5. Prisoners per 100,000 population. Data here.

6. Employment rate (%) for those 25-54 years old for 2013. OECD countries here (table 3) and Singapore here (chart 17).

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