Wednesday, May 23, 2012

Canada ranks 6th in Better Life Index rankings

Australia came up on top of the rankings in the Better Life Index of the OECD (Organization for Economic Cooperation and Development) Each of eleven categories were ranked in 36 countries.

In spite of the highest rankings the Labor government of Julia Gillard has low ratings in polls in Australia! However, the Index stats are excellent. Life expectancy is 82 years two years above the OECD average of 80. Employment is also well above the average.

After Australia the next best country is Norway. Coming in a respectable third is the U.S. in spite of having a relatively high unemployment rate. Canada is further behind coming sixth after fourth place Sweden and fifth place Denmark. Turkey was in last place.

The new scale was used beginning in 2011 as a way to measure well being of countries in more ways than simply economic growth. As well as income and education, the scale includes work-life balance and life satisfaction.

Canada shows increasing income inequality. The report notes::"In Canada, the [household net-adjusted disposable income] of the top 20 per cent of the population is 53,988 USD a year, whereas the bottom 20 per cent live on 10,077 USD a year." Canada does not fare well on work-life balance or civic engagement either.

The average voter participation in OECD countries is 73 per cent while Canada is just 61 per cent. For more see this article and also here.

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