There are close to 8 billion people in this world. The quality of life for most people in developing economies is not even close to adequate, with lack of infrastructure being a major reason behind this. In developing countries, no such security was provided, which resulted in an exponential increase in poverty.
Insider Monkey believes it’s quite clear that quality of life varies significantly across country and regions. People often believe that the presence of international services like Netflix Inc and Uber Technologies Inc are signs that the quality of life is increasing across the board. The quality of life indicators is still rooted in the basics like the ease of access to quality education, infrastructure, basic healthcare, quality of the environment, crime rate and the rule of law.
Here are the countries with the highest quality of life in the world, starting with number 15: The disposable income per capita in Luxembourg is $39,264, which is significantly higher than the OECD average. South Korea is one of the most advanced Asian countries in the world and far outperforms its neighbours and other geographically close countries. Spain has one of the biggest economies in the world, though it still needs to do more to improve its ranking among the highest quality of life countries in 2021. Austria is one of the most popular tourist destinations in the world and, among OECD members, ranks above average in most metrics, including income, housing, security, environmental quality and education. Italy has a high average income for its residents but is also below average among OECD in terms of environmental quality, jobs, personal security and housing. Singapore’s standard of living has improved remarkably. However, it is also important to note that homosexuality is banned in the country and is punishable by law. China may be the second-biggest economy in the world, but experts remain sceptical about the human rights conditions in the country amid torture of Muslims and mass surveillance of people by the authorities. Finland stands out in terms of all metrics being considered in this report and was recently voted the happiest country in the world, according to Gallup. For countries that top this list, click The 21 Best Quality of Life Countries in 2021.