50 Best Countries in the World

Meerub Anjum
22 min read

In This Article:

In this article, we will look into the 50 best countries in the world. If you want to skip our detailed analysis, you can go directly to the 10 Best Countries in the World.

The Best Country: A Multifaceted Concept

In today's digital and advanced era, many factors contribute to the concept of a "best country". Factors such as high living standards, economic prosperity, effective governance, social progress, technological advancement, and a welcoming immigration landscape are some major factors contributing to the multifaceted definition of "best countries".

According to the latest economic report by the IMF, The global economy is expected to grow at a rate of 3.1% in 2024 and by 3.2% in 2025. The recent forecasts by the IMF presented improved growth prospects, driven by strong performance exhibited by the US and several other countries. Inflation is anticipated to decline faster and reach 5.8% in 2024, and 4.4% in 2025. China and the United States are the top countries boasting the highest GDPs of $35.4 trillion and $27.9 trillion respectively. The countries boast robust markets, contributing significantly to their economies. These countries are also forecasted to become the largest economies in the world by 2100.

Quality of Life

The quality of life is a major aspect of a country's desirability. Good healthcare, education, inclusivity, gender equality, and economic well-being are some of the major factors contributing to the high quality of life. Recent advancements and innovations in healthcare are expected to increase life expectancy in many countries, subsequently improving the health and well-being of its residents. According to a report by the McKinsey Institute of Health, nearly 6 years of life per person could be added to the life expectancy in the coming decades. The report further states that many countries have experienced significant improvement in their health and wellbeing such as Ireland and Thailand. Both countries have gained 3 and 4.5 years in their life expectancies. As we mentioned before in our article about the 30 countries with the highest standard of living, the past few decades experienced significant improvement in overall quality of life, evidenced by the high average household income of $28,000 and median wealth of $162,000 of the OECD countries. Factors such as improved economic prospects, high employment rates, and affordable costs of living are contributing to the high living standards. Some of the top countries with the highest living standards include the United States, Switzerland, and the UAE among others.

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