The Index allows you to put different weights on each of the topics, and therefore to decide for yourself what contributes most to well-being. http://www.oecdbetterlifeindex.org/#/
How’s Life?Chile has made tremendous progress over the last decade in terms of improving the quality of life of its citizens. Since the 1990s, the country has seen a track record of robust growth and poverty reduction. Notwithstanding, Chile ranks low in a large number of topics relative to most other countries in the Better Life Index.
Money, while it cannot buy happiness, is an important means to achieving higher living standards. In Chile, the average household earned 8 712 USD in 2008, less than the OECD average .
In terms of employment, nearly 59% of people aged 15 to 64 in Chile have a paid job. 51% of mothers are employed after their children begin school, suggesting that women encounter difficulties when balancing family and career.
Having a good education is an important requisite to finding a job. In Chile, 68% of adults aged 25 to 64 have earned the equivalent of a high-school diploma, slightly lower than the OECD. As to the quality of its educational system, the average student scored 449 out of 600 in reading ability according to the latest PISA student-assessment programme; this figure is lower than the OECD average.
In terms of health, life expectancy at birth in Chile is 77.8 years, just below the OECD average. The level of atmospheric PM10 – tiny air pollutant particles small enough to enter and cause damage to the lungs – is 61.5 micrograms per cubic meter, and is by far the highest level in the OECD.
Concerning the public sphere, there is a strong sense of community and high levels of civic participation in Chile. 85% of people believe that they know someone they could rely on in a time of need, lower than the OECD average of 91%. Voter turnout, a measure of public trust in government and of citizens' participation in the political process, was 88% during recent elections; this figure is higher than the OECD average of 72%. In regards to crime, 10% of people reported falling victim to assault over the previous 12 months.
When asked, 66% of people in Chile said they were satisfied with their life, just above the OECD average of 59%.
FOR more than 70 years, economists have been fixated with measuring economic ouput. Their chosen measure, gross domestic product, has limitations—it takes no account of natural-resource depletion and excludes unpaid services such as volunteering. On May 24th the OECD launched its alternative measure of well-being which includes 20 different indicators across 11 sectors in its 34 member countries, from life satisfaction to air pollution. It has produced an interactive tool which allows users to change the weight of each sector according to their own view of its importance. The chart below shows the results of its headline Better Life index (which is equally weighted) plotted against GDP per person at purchasing-power parity (which adjusts GDP for differences in the cost of living across countries). Money may not buy you happiness. But it can buy a strong correlation with a fancy new index that aims to put a number on contentment.