| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Global Economy Last Updated: May 24, 2011 - 5:16 PM


OECD launches 'Your Better Life Index'
By Finfacts Team
May 24, 2011 - 2:57 PM

Email this article
 Printer friendly page

The OECD today unveiled a new, interactive better life index that will let people measure and compare their lives in a way that goes beyond traditional GDP numbers.

Called Your Better Life Index, the tool is part of a larger OECD Better Life Initiative that aims to measure well-being and progress. The index allows citizens to compare lives across 34 countries, based on 11 dimensions -- housing, income, jobs, community, education, environment, governance, health, life satisfaction, safety, work-life balance -- giving their own weight to each of the dimensions.

“This index encapsulates the OECD at 50, pushing the boundaries of knowledge and understanding in a pioneering and innovative manner,” said OECD Secretary-General, Angel Gurría. “People around the world have wanted to go beyond GDP for some time. This index is designed for them. It has extraordinary potential to help us deliver better policies for better lives.”

The index is being launched as part of the OECD’s 50th Anniversary Forum and Ministerial celebrations in Paris, known as “OECD Week.”

Created in 1961 to succeed the Marshall Plan and promote economic cooperation and growth, the OECD has become the house of best practices in public policies.

The OECD’s 50th Anniversary Forum and Ministerial Council meetings, (24-26 May in Paris) bring together world leaders, policy makers and stakeholders from OECD countries and emerging economies to discuss issues such as: new sources of economic growth and jobs; gender equity; rising food and energy prices; and global development.

Ireland

Based on data prior to the full impact of the economic crash, Ireland performs very well in overall well-being, as shown by the fact that it ranks among the top ten countries in several topics in the Better Life Index.

Money, while it cannot buy happiness, is an important means to achieving higher living standards. In Ireland, the average household earned $24,312 in 2008, more than the OECD average .

In terms of employment, nearly 60% of people aged 15 to 64 in Ireland have a paid job. People in Ireland work 1549 hours a year, less than in other OECD countries. 51% of mothers are employed after their children begin school, suggesting that women encounter difficulties when balancing family and career.

Having a good education is an important requisite to finding a job. In Ireland, 69% of adults aged 25 to 64 have earned the equivalent of a high-school diploma, close to the OECD average. As to the quality of its educational system, the average student scored 496 out of 600 in reading ability according to the latest PISA student-assessment programme, close to the OECD average.

In terms of health, life expectancy at birth in Ireland is 80 years, slightly above the OECD average. The level of atmospheric PM10 – tiny air pollutant particles small enough to enter and cause damage to the lungs – is 13 micrograms per cubic meter, and is lower than levels found in most OECD countries.

Concerning the public sphere, there is a very strong sense of community and moderate levels of civic participation in Ireland. 97% of people believe that they know someone they could rely on in a time of need, higher than the OECD average of 91%. Voter turnout, a measure of public trust in government and of citizens' participation in the political process, was 67% during recent elections; this figure is lower than the OECD average of 72%. In regards to crime, 3% of people reported falling victim to assault over the previous 12 months.

In more recent times, voter trust has been lower and participation in the 2011 election has been higher.

When asked, 73% of people in Ireland said they were satisfied with their life, above the OECD average of 59%.

Examples of country specific information from Your Better Life Index

The Paris based Organisation for Economic Cooperation and Development is a think-tank for 34 mainly developed countries. OECD member countries are: Australia, Austria, Belgium, Canada, Chile, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The European Commission takes part in the work of the OECD.

Related Articles
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

Global Economy
Latest Headlines
Doing Business 2015: Singapore, New Zealand top rankings; Ireland moves up to 13th rank
Tax breaks for rich foreigners under fire in Switzerland
Oil prices plunge as global demand forecast cut
Global 2015 growth at 25-year average of 3.8% to 2007; Emerging markets subdued
US stocks in biggest one-day gain in 2014; Brent oil dips to 27-month low
Composite leading indicators point to weakening growth in the Eurozone
Global growth disappoints: IMF forecasts Irish growth in 2014 at 3.6%
US, UK most popular countries in global survey of 200,000+ job seekers
Global economic recovery is stalling; Too reliant on US economy
UBS whistleblower in France criticises banking omertà
IMF's Lagarde warns of a world stuck in a "mediocre" era of growth
World Economic Growth: The IMF says the time is right for an infrastructure push
Swiss Cabinet presents plans for corporate tax reform
IMF says uneven global recovery continues despite setbacks
Advanced economies question key aspects of globalisation's benefits
OECD proposes biggest reform of global business tax rules since 1920s
Estonia heads OECD tax competitiveness index; Ireland at 15, US at 32
Moderate global expansion underway says OECD
Global demand for crude oil slowed at "remarkable” pace in second quarter
Lagarde says world economy will grow "small 3% this year, between 3% and 3.5%"
Why can’t men make part-time work?
Switzerland to probe minister's links to offshore letter-box firms
World economy has not escaped growth doldrums says UN trade agency
World's biggest economies warned on poor quality jobs, stagnant pay
Global economic growth likely to remain at muted levels in coming months
Jobless crisis eases in developed world; Unemployment to decline slowly in 2015
Young and jobless? The solution isn’t always university
Most liveable cities are most boring; Dublin at joint 46th in 2014 ahead of London
Recovery in global corporate capex some way off - Part 2
Oil prices dip despite geopolitical tensions; US production at 27-year high
Global fund managers raise cash holdings; Cut European equity holdings
Composite leading indicators point to stable growth momentum in the OECD area
World set for 13 'super-aged' countries by 2020 up from 3 today
Global growth in manufacturing and services accelerated in July
Bad week for Russia; More sanctions and $50bn Yukos bill
French economist hails progress against tax evasion; Swiss banks will continue to cheat
IMF says global recovery continues but it cuts 2014 forecast
Dublin's Grafton Street 23rd most expensive country ranking retail location in world
Governments have collected €37bn from personal tax haven evaders since 2009
Global investors’ love affair with Europe is in question…