Which is the Best Country in the World? | Sohail khan Analysis

                           

 Which is the Best Country in the World? | Sohail khan  Analysis

Today, I want to talk about the different countries in the world. And determine which country is best in the world. I want to analyze different factors like environment, economy, education And then conclude which is the best country in the world.

                          The first criteria to note is HDI, the Human Development Index

It measures three main criteria

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.

In the 2016 rankings, Norway topped this list.

After which, Australia, Switzerland, Germany, Denmark, Singapore follow at the next 5 rankings.

 Which is the Best Country in the World? | Sohail khan  Analysis

 

The second criteria are unemployment and the country which

has the lowest rate of unemployment in Qatar.

Only 0.1% of its population is unemployed.

Thailand, Belarus, Myanmar, and Cambodia fill the next spots.

All these countries have a less than 1% rate of unemployment.

These ranking however are not very credible because every country classifies unemployment in their 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.

We 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 makes the unemployment rankings a bit unreliable which is why we shouldn't be too focused on it.

The third criteria are 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 

 Which is the Best Country in the World? | Sohail khan  Analysis

However, we 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 2017 rankings

Luxembourg tops this list. This is a small country in Europe.

After which Switzerland, Norway, Iceland, Ireland, and Qatar

 Which is the Best Country in the World? | Sohail khan  Analysis