Here you will know about various countries, as to which country is the best country in the world for living . To know about best country of the world read full post and at last you will know best country world . They will be compared on the basis of various criterias, like Economic factors, environmental factors, education infrastructural factors,Sex Ratio, unemployment etc.
Comparing them using these factors, you will see,which state is the best and thus arrive to the overall conclusion as to which is the best country in the world.
1)HUMAN DEVELOPMENT INDEX (HDI)
The first criteria to note is HDI, the Human Development Index .It basically measures three main criterias the life expectancy, education level, and income of an average person in a country. These are some of the most important tools to know if a country is developed, developing or underdeveloped. United Nations Development Program releases a human Development report every year with yearly HDI rankings.
Norway topped this list.
After which, Australia, Switzerland, Germany, Denmark, Singapore follow at the next 5 rankings.
First 50 countries on the list are classified as developed countries.
The second criteria is unemployment and the country which has the lowest rate of unemployment is Qatar. Only 0.1% of its population is unemployed. Thailand, Belarus, Myanmar and Cambodia fill the next spots. All these countries have less than 1% rate of unemployment.
These ranking however are not very credible because every country classifies unemployment in their own way .A lot of the countries that have topped this list are poor and have managed to do so by hiding underemployment in employment rates. You need to keep in mind that developed countries have in place a welfare system which often means that an unemployed person will receive money and other benefits from the state.
However, this is not the case for poor countries where the poor have to find work and earn money to be able to eat food and to survive as they have nothing to depend on.
This make the unemployment rankings a bit unreliable which is why you shouldn’t be too focused on it.
3)NOMINAL GROSS DOMESTIC PRODUCT(GDP)
The third criteria is the Nominal Gross Domestic Product .U.S.A tops this list with a GDP of 20,000 billion dollars After which China, Japan, German and France follow India ranks at number 7 which is considered quite high However, you all should keep in mind that the GDP is affected by the population of the country .A big population often inflates GDP which means GDP numbers are often useless.
The ranking that matters is the GDP per person of a country. When the total population is divided by the total GDP of the country. Thus, GDP per capita rankings are much more important here.
In the 2019 rankings Luxembourg tops this list. This is a small country in Europe. After which Switzerland, Norway, Iceland, Ireland and Qatar follow.
Nominal GDP and GDP per capita are calculated by IMF.
The next criteria isn’t that important when we talk about the best country in the world, however, some people will find it extremely important. This is the ‘Sex Ratio’ of the country .If we look at the countries with higher number of females than males, Curacao tops the list which is a small island in the Carribean controlled by Netherlands. It has 121 females for ever 100 males. After which Latvia, Martinique, Lithuania, Ukraine and Russia follow. All of these are East European countries. with a ratio of more than 116 females per males in the country.
Now, some people would consider the best countries to be those with more males. Qatar tops that list with only 30 females for every 100 males. This list is followed by countries like UAE (43/100), Oman (53/100), Bahrain (61/100), Kuwait (67/100).
5)EASE OF DOING BUSINESS
The next criteria is ease of doing business. In 2019 ranking, New Zealand tops the list. After which Singapore, Denmark, South Korea, Hong Kong and USA follow. Countries like Somalia, Venezuela and Yemen are at the bottom of this list.
So Investing in businesses in these countries would be a bad idea.
6)ENVIRONMENT PROTECTION INDEX(EPI)
Next criteria is one of the most important in my opinion, It is the Environmental Protection Index (EPI). It measure a plethora of factors so it should be right to place these factor in two main areas.
The first is ‘Environmental Health’ which looks at air pollution, availability of clean drinking water, level of sanitation amongst others.
The second area is ‘Ecosystem Vitality’ This examines a country’s biodiversity, forest cover and flora & fauna.
Switzerland tops this list. After which, France, Denmark, Malta, Sweden and UK follow.
The next criteria is also very important. It is ‘Inequality’. The divide between the poor and the rich of the country.
It is measured in the GINI Index. According to which, Ukraine tops the list- with the least amount of inequality.
After which, Slovenia, Norway, Slovakia and Czech Republic follow. These have the lowest inequality.
The worst countries for inequality are South Africa and Russia.
Happiness is also an important criteria. And according to the World Happiness Report, which judges different factors
to determine how happy is the average person of a country. Factors like freedom to make life choices, social support, generosity, life expectancy and even GDP are considered to make the report. In the 2019 report, Norway tops the list.
After which, Denmark, Iceland, Switzerland, Finland and Netherlands follow.
8)WORLD EDUCATION RANKING
The last criteria is’World Education Rankings’ which test the average education level of a child in a country and their math, scientific and linguistic abilities 15 year olds of different countries are tested in
Reading, Math and Science after which countries are ranked. These ranking are done by an organisation called OECD.
They ranked 80 countries. The list was topped by South Korea. Finland, Canada, New Zealand, Japan and Australia follow.
Now, this is not an easy choice It depends. We pointed out different criterias and it is one’s own choice to give more importance to one criteria over the other. You can choose HDI, Happiness or any other criteria as the most important criteria. And so, the best country is often your own perspective. But if we give equal weightage to all the 10 barometers
NORWAY IS THE BEST COUNTRY
And Happiness and HDI are the most important indicators to measure a country. But , there are many more indicators to rank countries
US News and University of Pennsylvania release an yearly report of the best countries in the world
So, Norway is the best country according to HDI but the size of Norway’s cultural history, or its cultural influence in the world, are often ignored in that index. And so, on the basis of all these indicators
US News declares Switzerland as the best country. And the next 5 are Canada, Germany, UK, Japan and Sweden
All the information are from sources, sources are very important to know which is the best country in the world.