As we can see, it clearly is. The more developed the country, the more people are happy about living in it. But this particular index of happiness does not measure daily emotional experience, so, this “happiness” is not about being euphoric and excited, it’s more about overall reflection on life. Then it makes sense, that being healthy, literate and having money makes a person happy.
What: Human Development Index compared to Happiness score from World Happiness Report When: 2017 Where: Countries that have both statistics. Source: WHR and UNDP
As already expected – western regions (including North America and Oceania which consist only of Australia and New Zealand in this dataset) tend to be happier than the rest of the world, and Africa and most of Asia are least happy. What is interesting, that the world average seems quite low – this is due to a large number of countries in Sub-Saharan Africa, and really small numbers of countries in the happiest regions.
What: Happiness score from the World Happiness Report. Not weighted averages by country. For most regions, maximum and minimum values were removed from the calculation. When: Published 2019 Where: World regions modified from WB classification. Source: WHR
The answer is simple – Scandinavian countries. General trends are seen quite clearly – western countries (including Australia and New Zealand) take the lead, those from the far east are rare, and Africa is not present at the top at all.
What: Happiness score from the World Happiness Report. I am aware that this measure of happiness is disputed. When: They say it’s 2019, but it’s the date of publishing. Where: Top 30 countries of the world. Source: WHR
I dare to say some very general upward trend is visible by a naked eye. The correlation coefficient is only 24%, but positive after all.
What: Investment or gross capital formation as a percent of GDP in current local currency, GDP per capita growth. When: Investment in 2017, and GDP growth in 2018 (because there should be a lag before the investment kicks in and GDP starts to grow) Where: Countries that have both statistics. Source: IMF for Investment and WB for GDP
Behold these exotic countries! It seems that out of often mentioned countries only China is at the top of this list. The graph makes sense – the less developed the country, the more investment it needs.
What: Investment or gross capital formation as a percent of GDP in current local currency. It is measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector. When: 2018 Where: World Source: IMF WEO report April 2019
This graph is for you to observe the nonexistence of any relationship. The correlation between these two datasets is only 9%. Every region has values across a wide range of debt values, however, each regions’ GDP variation is specific to that region. Conclusion – debt does not mean a better life. I guess – ways of using it do.
What: General government gross debt as a percent of GDP and GDP per capita at constant prices of 2010 in USD. When: 2018 Where: Countries that have both statistics. Source: IMF and WB
As expected – overdeveloped Japan and troublesome Greece lead, however, the following positions are really versatile, there are absolutely no clues to support the idea that more developed countries are indebted more.
* I have read rumours that China is hiding their actual debt via various schemes with government-owned banks. Their debt might be larger. It’s 50% according to the data I have.
What: General government gross debt as a percent of GDP. I wanted to use net debt, but it was not available for most countries. When: mostly estimates for 2018 Where: World Source: IMF WEO report April 2019
Seems like the more advanced the economy the more indebted it is. Is debt a fuel for growth? Or is it a by-product of it?
What: General government gross debt as a percent of GDP. I wanted to use net debt, but it was not available for most regions. When: estimates for 2018 Where: regions provided by IMF Source: IMF WEO report April 2019
I tried to find which market is the biggest in terms of average daily trading volume. Seems that the one we talk least about is the biggest one – it’s derivatives market. What are they? Many people don’t even know!
What: Daily turnover, USD billion When: Indicated on the graph Where: World Source: WFE, BIS, CMC
P.S. The use of a 3D chart requires additional justification: here I have no excuse I did not know what I was doing!
It was expected – US dollar, euro and yen. All the cryptocurrencies are still far away from leaders.
What: Daily averages of OTC foreign exchange turnover by currency, “net-net” basis (which means the total is 200%), percentage share. When: 2019 April Where: World Source: Triennial Central Bank Survey, BIS
I assume cryptocurrencies are coins. At the end of 2017, there were 3 cryptocurrenciens among top 15.
What: Total banknotes and coins in circulation for normal currencies, market capitalization for cryptocurrencies, USD billion When: 2017, end of year Where: 21 major world currency + cryptocurrencies Source: BIS and CMC