Scotland’s relative social and economic wellbeing has fallen drastically between 2006 and 2018, according to a measure that compares all 32 OECD (Organisation for Economic Co-operation and Development) countries.
The Index of Social and Economic Well-being measures the relative progress of countries across four of the most essential elements of wellbeing: income, education, longevity and inclusivity between 2006 and 2018.
Compiled by Scottish Trends’ economist John McLaren, the latest index ranking makes pleasant reading for Switzerland, Norway, Japan, Iceland and Sweden who make up the top five while Italy slipped into the bottom five alongside Poland, the Slovak Republic, Hungary and Greece.
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Both Wales and Northern Ireland dropped into the bottom quartile of countries as both were hampered by poor GDP performance. England remained mid-table.
But Scotland experienced the joint-biggest fall, along with Wales, plummeting from 16th down to joint-21st. The slump was pinned on a decline in education as well as income performances associated with decline in North Sea activity. However, the biggest impact on Scottish wellbeing was found in life expectancy, where growth has stalled since 2012-14.