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A common complaint I see over and over again about the US is how there's a large gap between poverty and wealth. Rich people are the richest in the world, and poor are some of the poorest (I think they mean in terms of living conditions, life expectancy, health care, etc). Averaging all of these things out, USA has an incredibly high GDP per capita of $41,600. By comparison, Canada is at $33,900. Sweden, often thought of as the best country in the world, has a GDP per capita of $29,800. The conclusion to draw from this is that GDP per capita means essentially nothing in terms of how the average person in that country lives
Is there any statistic or index that can be used to directly compare living conditions between countries? Something like a simple number where bigger means better?
Is there any statistic or index that can be used to directly compare living conditions between countries? Something like a simple number where bigger means better?