11 Countries with The Highest Standard of Living in The World in 2017

A good standard in some country indicates that its inhabitants live well and have all the conditions for a quality life, but have you ever thought about what are 11 countries with the highest standard of living in the world in 2017? A lot of the people in the world live in abject poverty without access to basic supplies such as food, sanitation and a roof over their head. There are just a few countries in the world with a healthy and vigorous standard of living.

Did you know that one of the countries with the highest standard of living Canada according to the statistics at 2017? The average income is over $30,000. However, the level of living is not as uniform as you might expect; the top 20 percent earn five times as much as the bottom 20 percent. Another one is the United States of America. The United States has always encouraged creativity and innovation, which has led to new ideas and in turn, have created wealth for the innovators. There is one European country that has very high and excellent standard of living That is Sweden. Sweden does better than the OECD average in multiple criteria, such as life expectancy, which is 82 for men and 84 for women. A good standard in some country shows a healthy and quality economy in that country. The way of life of the inhabitants of this country is much better and healthier than in the state of the poor and economically fragile states. Statistics show that crime rates in countries with poor standards and poor interpersonal relationships are very high. Corruption and murder are much more prevalent in such countries. Therefore, the high level in a country is fundamental. Standard of living is held by standards such as real revenue per person and poverty rate. Other dimensions such as access and quality of health care, profit increase inequality, and educational standards are also used. Examples are access to specific goods or measures of health such as life prospect. It is the ease by which people living in a time or place can serve their needs and or wants. The main idea of a ‘standard’ may be compared with the quality of life, which takes into account not only the material standard of living but also other more immaterial aspects that make up the social life, such as leisure, safety, cultural resources, social life…

If you want to see what countries have the highest standard of living in the world in 2017, check Insider’s Monkey list of 11 Countries With The Highest Standard of Living in The World in 2017 ¬†and find out more about the economically strongest countries in the world.

Related posts