Switzerland-- the Highest Standard of Living in the World

Switzerland has the highest standard of living, trumping Canada, Italy, Argentina, and India. Based on the analysis of the vii aggregate statistics (refer to Appendix A), Switzerland leads the other nations by having the highest gross domestic product per capita, lowest politics debt and lowest value taxation as a percentage of GDP, lowest unemployment rate, lowest inflation rate, highest emotional state expectancy, and second highest average level of education. These impressive statistics indicate that the Swiss presidency is very efficient in performing its duties, resulting in overall prosperity for the nation. This is a major factor in Switzerlands high standard of living. In 2004, Switzerlands fundamental government debt was only 28% of its GDP (The World brink convocation Online, 2008). Maintaining low debt is an essential factor which allows the Swiss government to run much more efficiently than the other nations. funky debt results in little interest to pay off, ultimately resulting in less tax revenue required by the government to fund the nations infrastructure. Switzerlands tax revenue in 2004 was only 10% of its GDP (The World blaspheme Group Online, 2008). This means, for the citizens of Switzerland, they pay less tax, yet still perplex services which ar on par or are actually superior to those of the other countries.

Paying less tax gives the Swiss higher disposable incomes, and more freedom and flexibleness with the use of their money. Having the highest life expectancy, 81.24 in 2005 (The World Bank Group Online, 2008), comes as no coincidence, as the government subsidizes the lower classes wellness insurance, ensuring health care equality within the country (Rovner, 2008). This is make possible because Switzerland has more flexible government funding capabilities since they hold up low central government debt, and therefore pay less interest. Although Switzerland is regarded as one of the top ten most high-priced places to live in the world (Norway Most Expensive bewilder to Live Again,... If you want to get a full essay, severalize it on our website: Ordercustompaper.com

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