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Latino Daily News

Friday November 4, 2011

Chile and Argentina Stand Out in Region For Having Highest Standards of Living

Chile and Argentina Stand Out in Region For Having Highest Standards of Living

Photo: Chile & Argentina Have Highest Standard of Living in Region

Click Here to Enlarge Photo

Norway, Australia and the Netherlands lead the world in the 2011 Human Development Index (HDI), while the Democratic Republic of the Congo, Niger and Burundi are at the bottom of the Human Development Report’s annual rankings of national achievement in health, education and income, released by the United Nations Development Programme (UNDP).

In the Latin American region Chile and Argentina with a respective ranking of 44 and 45 had the highest standards of living for the region, out of 187 countries. 

The report is calculated from a set of indicators including literacy rates, years of schooling, life expectancy and per capita income.  It notes that income distribution has worsened in most of the world, with Latin America remaining the most unequal region in income terms. 

Nonetheless, the report that charts profess over five years shows 72 nations moved up in rank form 2006 to 2011 led by Cuba that moved up 10 slots to the 51st position.