Comparing Welfare in 13 Countries

Although the per capita GDP gap between two countries could appear large, the difference shrinks when you bring welfare into your calculations.

A Little-Known Downside of Economic Growth

Per capita economic growth has a little-known connection to the world’s hundreds of endangered languages that could become extinct.

Where People Save A Lot

For many different reasons, the savings rate for our nation and the cash we stash under our mattress can vary considerably.

Where to Find the Biggest Gender Gap

Through worldwide gender gap indicators, we can see that Iceland can optimize productivity and human capital through a small gender gap.

The Benefits of Perpetual Federal Debt

Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.

When Is Technology Transfer Okay?

During the 18th century, Sweden gave cash to its “spies” in England so they could buy copper and iron production secrets. Meanwhile, England issued a patent to a chemist who just returned from Russia with a new brewing method. Moving in the other…

Should GDP Include Illegal Drug Deals?

In 1987, Italy decided to include its “off-the-books” economy in its GDP. The result was an 18% boost. Now, further complying with EU accounting regulations, Italy will add illegal drugs, prostitution and black market alcohol and prostitution. Announcing a similar policy,…

An Amazing Story From a Graph

Sometimes one graph can tell a whole story:   A 4-minute animation can also convey a much bigger story. Looking at the same time period as our graph, Hans Rosling connects national income and health. National income closely relates to GDP since people receive…

Why Do Young Adults Live With Their Parents?

In Slovakia, Bulgaria, Greece, Malta and Italy, young people, age 25-34, live with their parents. But not in Denmark, Finland Sweden, and Norway. Below you can see the country stats: The Reasons Pew Research provided some insight about multigenerational U.S. households. In 2012, returning…

5 Best Places To Be Born

In 1988, the United States was ranked #1 as the best country in which to be born. The people who did the ranking for The Economist Intelligence Unit (EIU) selected criteria that you would expect. They included GDP per capita,…