 |
| What is the Best Country in the World |
1. The Human Development Index (HDI)
 |
| The Human Development Index |
The first criterion to notice is HDI, the Human Development Index. It primarily measures 3 main criteria: life expectancy, education level, and income of a median person in a country". These are several of the foremost necessary tools to understand if a rustic is developing or underdeveloped.
United Nations Development Program releases somebody's annual Development report with yearly HDI rankings. Within the 2019 rankings, Norway flat-topped this list.
After which, Switzerland, Ireland, Germany, Hong Kong, China (SAR), Australia, Iceland, Sweden, Singapore, and the Netherlands follow at the next 10 rankings. [1] The First 50 countries on the list are classified as developed countries.
2. Unemployment Rates
 |
| Unemployment Rates |
The second criterion area is unit unemployment, and also the country that has a rock-bottom rate of unemployment is Cambodia. Only 0.3% of the population is unemployed in Cambodia.
Qatar, Belarus, Thailand, Laos, Papua New Guinea, Singapore, United Arab Emirates, Cuba, Tajikistan, Bhutan, and Iceland fill the following spots. All these countries have less than a 2.7% rate of unemployment. [2]
These rankings, however, don’t seem to be terribly credible because each country classifies unemployment in its own manner. Plenty of the countries that have topped this list are poor and have managed to try to do so by concealing underemployment in employment rates.
The United States of America ranks with an associate unemployment rate of 4.7%. We’d like to keep in mind that developed countries have in place. A welfare system usually means associate nonworkers can receive cash and different advantages from the state.
However, this is often not the case for poor countries, wherever the poor need to realize work and earn cash to be ready to eat food and survive as they need nothing to rely on. This makes the unemployment rankings unreliable, so we tend not to be too centered thereon.
3. Nominal Gross Domestic Product (GDP)
 |
| World GDP Ranking |
The third criterion area unit is the Nominal Gross Domestic Product. The United States tops this list with a Gross Domestic Product of 21,439+ billion dollars. After this, China, Japan, German, India, the United Kingdom, France, Italy, Brazil, and Canada followed. [3]
However, we all remember that the country's population torments the Gross Domestic Product. A giant population typically inflates Gross Domestic Product which implies gross domestic product numbers area units are typically useless.
The ranking that matters is the gross domestic product per person of a country. Once the total population is split by the full gross domestic product of the country.
4. GDP per Capita
 |
| GDP per Capita |
Thus, gross domestic product per capita rankings area unit rather more necessary here. Within the 2019 rankings, Luxembourg tops this list. This is often a little country in Europe. After this, Switzerland, Macao SAR, Norway, Iceland, Qatar, Ireland, and the United States” follow. [4] The International Monetary Fund (IMF) calculates nominal GDP and GDP per capita.
5. Sex Ratio
 |
| Sex Ratio |
The following criteria are optional once we mention the most influential country in the world. However, some folks can realize it is essential. This can be the “Sex Ratio” of the country.
If we glance at the countries with a better range of females than males, Nepal tops the list. It has 119 females per 100 males. After this, Curaçao, China, Hong Kong SAR, Latvia, Martinique, Guadeloupe, Lithuania, Ukraine, Russia, and Belarus follow. Most of these are East European countries with a ratio of over one hundred fifteen females per hundred males. [5]
Some individuals consider the most influential countries to have many males. Qatar tops that list with only 33 females for every 100 males. This list is followed by countries like UAE (44/100), Oman (51/100), Bahrain (56/100), Maldives (58/100), Kuwait (65/100), and Saudi Arabia (74/100).
In the United States of America, We have 97 females for every 100 males.
6. Ease of Doing Business
 |
| Ease of Doing Business |
7. Environmental Protection Index (EPI)
 |
| Environmental Protection Index |
Following criteria area unit one is the foremost necessary. It's the Environmental Protection Index (EPI). It measures a superfluity of things. However, we will place these factors into 2 main areas. The primary is an environmental health, the appearance of pollution, the convenience of fresh drinking water, and the level of sanitation. The second space is ecosystem vitality. This examines a country's biodiversity, forest cowl, and flora & fauna.
Switzerland is top-notch in this list. After this, France, Denmark, Malta, Sweden, and the United Kingdom followed. Here, the United States of America ranks 27 out of 180 countries. [7]
8. Inequality
 |
| Inequality |
The following criteria also are vitally important. It is inequality. The divide between the poor and the rich in the country. It's measured within the GINI Index.
According to this, Slovak Republic tops the list- with the least inequality. After this, Slovenia, the Czech Republic, Iceland, Norway, Denmark, and Belgium follow. [8] These have the lowest inequality. The United States ranks at 34. The worst countries for inequality are South Africa and Costa Rica.
9. Happiness
 |
| Happiness |
Happiness is additionally a crucial criterion. And according to the World Happiness Report judges various factors to see how happy the average person in a country is. Factors like the freedom to make life choices, social support, generosity, life expectancy, and even Gross Domestic Product (GDP) are considered to create the report.
In the 2019 report, Finland tops the list. After this, Denmark, Norway, Iceland, Netherlands, Switzerland, Sweden, New Zealand, Canada, and Austria follow. [9] The USA ranks 19 out of 156 countries.
10. World Education Rankings
 |
| World Education Rankings |
The last criterion I will discuss is the “World Education Rankings,” which test the typical education level of a child in an exceedingly country and their math, scientific and linguistic abilities 15-year-olds of various countries are tested in Reading, Math, and Science when those countries square measure ranked.
These rankings square measure is done by a corporation known as the Organisation for Economic Co-operation and Development (OECD). They ranked 80 countries. The list was topped by South Korea. Canada, Japan, and Russia follow. [10]
So which country is the best country in the world?
Now, this is not a straightforward selection. It depends. We tend to get wind of entirely different criteria, and it's one's option to offer additional importance to at least one criterion over the opposite.
You can opt for HDI, Happiness, or the other criteria because of the most important criteria. And so, the best country is usually your own perspective. However, if we have a tendency to offer equal weightage to all or any of the ten barometers I discussed,
Norway is the best country!
And Happiness and HDI area unit the foremost necessary indicators to live in a country.
This article was inspired by Dhruv Rathee's video
References
- 2019 Human Development Index Ranking | Human Development Reports
- Unemployment Rates / Countries of the World
- World GDP Ranking 2019 - StatisticsTimes.com
- World Economic Outlook (October 2019) - GDP per capita, current prices
- Countries by Sex ratio 2019 - StatisticsTimes.com
- Rankings - Doing Business
- 2018 EPI Results | Environmental Performance Index
- Inequality - Income inequality - OECD Data
- World Happiness Index 2019 | countryeconomy.com
- Education - OECD
Reviewed by Abdul Alim
on
January 01, 2020
Rating:
No comments: