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The indicator is defined as the share of persons with an equivalised disposable income below the risk-of-poverty threshold, which is set at 60 % of the national median equivalised disposable income (after social transfers).
Eurostat, http://ec.europa.eu/eurostat/web/products-datasets/-/tessi012, Retrieved on 17.12.2014
NOTE: Metadata currently unavailable due to a broken link on the Eurostat website. To be added later.
"The gross household saving rate measures the portion of disposable income that is not used by the household for final consumption. It is measured by gross saving divided by gross disposable income adjusted for the change in the net equity in pension fund reserves."
(Eurostat, http://ec.europa.eu/eurostat/cache/metadata/EN/tsdec240_esmsip.htm, 13-01-2015)
Gini Coefficient(also known as the Gini index or Gini ratio) measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. A Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality. (The lower its value, the more equally household income is distributed.)
World Bank, http://data.worldbank.org/indicator/SI.POV.GINI, retrieved on 18.02.2015
"Net social protection benefits are defined as the value of social protection benefits excluding taxes and social contributions paid by the benefits recipients. They are complemented by the value of “Fiscal benefits” provided in the form of tax breaks that would be defined as social protection benefits, if they were provided in cash. Tax breaks promoting the provision of social protection or promoting private insurance plans are excluded.
The Better Life index is an interactive tool that allows you to see how countries perform according to the importance you give to each of 11 topics.
The HWI is designed to be a more holistic measure of socioeconomic conditions than narrow monetary indicators such as the Gross Domestic Product. It covers more aspects of human wellbeing than the United Nations’ Human Development Index.
It is the unweighted average of indices of health and population, wealth, knowledge, community and equity. To prevent a high score for equity from offsetting poor human conditions, equity is included in the HWI only when it does not raise the index.
The Prosperity Index is a global measurement of prosperity based on both income and wellbeing. The Index analysed the countries across 8 sub-indices – Economy, Entrepreneurship & Opportunity, Governance, Education, Health, Safety & Security, Personal Freedom and Social Capital.
The poverty rate at $1.25 a day is the proportion of the population living on less than $1.25 a day, measured at 2005 international prices, adjusted for purchasing power parity (PPP).
Purchasing power parities (PPP) conversion factor, private consumption, is the number of units of a country’s currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. This conversion factor is applicable to private consumption.