Published on 14 Feb 2024 on Insider Monkey via Yahoo Finance

30 Countries with Highest Standard of Living Ranked by GDP (PPP) Per Capita

In this article, we will look into the 30 countries with highest standard of living ranked by GDP (PPP) per capita. If you want to skip our detailed analysis you can go directly to the 10 Countries with Highest Standard of Living Ranked by GDP (PPP) Per Capita. 

An Analysis of Living Standards

For a country to become a place of the highest standard of living, several aspects play an important role. Economic liberty, education, health, equal rights, social security, effective governance, transportation, good job market, income equality, and economic well-being, all impact a country’s standard of living. Countries with the highest quality of life fulfill the necessities of their citizens, and health is among the top priorities. As we mentioned earlier, humans could add almost 6 years of life per person on average over the next decade, as per the McKinsey Institute of Health (MIH). The MIH expects improvements in life expectancy and overall quality of life with the enhancement of technology and innovations in all aspects of life. Within a decade, several countries have made considerable health improvements. Countries including Bolivia, Ireland, and Thailand gained 3.8, 3.0, and 4.5 years in their life expectancies.