Wednesday, 29 May 2013

OECD names Australia 'Happiest Country' for the third time running.

Unknown  /  at  06:21  /  No comments


I sure wanna go there!!
  OECD { Organisation for Economic Cooperation and Development} only recently took a survey and named Australia the happiest industrialized country on the planet.
   
  Australia has remained largely immune from the global financial crisis, with its economy growing on average 3.5% over the last 20 years to 2012, according to the CIA Factbook.
The economy of the natural resource-rich nation has been buoyed by strong demand from Asia and China, while its robust financial sector has helped combat the global downturn.
Such growth is in stark contrast to recessions which have gripped Europe and the U.S. since the financial crisis exploded in 2007.

 Australia's employment levels, at 73% of those aged 15 to 64, are above the OECD average of 66%. Average household disposable income sits at $28,884, more than the OECD average of $23,047 and despite Australians working an average 83 hours less a year.
Life expectancy, at 82 years, is two years higher than the OECD average of 80 years and satisfaction, at 84%, is higher than the 80% global average.
In its report, the OECD said Australians felt "a strong sense of community and high levels of civic participation," with 94% of people feeling like they knew someone to rely on should they need help.

  Sweden came second in the survey, with the same life expectancy as Australia but a lower disposable income of $26,242. Canada was ranked third, with 72% of those aged between 15 and 64 employed, and an average household disposable income of $28,194.

   The other countries to make it into the top ten of the Better Life index were, in order: Norway, Switzerland, U.S., Denmark, Netherlands, Iceland, and the United Kingdom.

My economics may be a little bit rusty, but with a disposable income of about $29,000(4.6 million naira) I would be way more than happy, Nigeria which sits with Australia and Croatia as Countries with most natural resources is no where near happy. So sad about the state of this country. My tears I would spill later not to bore you , for now peace out.

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Posted in: Posted on: Wednesday, 29 May 2013

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