Money, while it cannot buy happiness, is an important means to achieving higher living standards. In Iceland, the average household net-adjusted disposable income per capita is slightly lower than the OECD average of USD 33 604 a year.
Good education and skills are important requisites for finding a job. In Iceland, 77% of adults aged 25-64 have completed upper secondary education, lower than the OECD average of 78%. Around 77% of men have successfully completed high school, compared with 78% of women. In terms of the quality of its educational system, the average student scored 481 in reading literacy, maths and science in the OECD’s Programme for International Student Assessment (PISA). This score is lower than the OECD average of 486. On average in Iceland, girls outperformed boys by 15 points, a much wider gap than the OECD average of 2 points.
In terms of employment, 86% of people aged 15 to 64 in Iceland have a paid job, above the OECD employment average of 68%, and the highest rate in the OECD. Some 88% of men are in paid work, compared with 83% of women. Around 15% of employees work very long hours, more than the OECD average of 11%, with 24% of men working very long hours compared with just 6% of women.
In general, Icelanders are more satisfied with their lives than the OECD average. When asked to rate their general satisfaction with life on a scale from 0 to 10, Icelanders gave it a 7.5 grade on average, much higher than the OECD average of 6.5.
Concerning the public sphere, there is a strong sense of community and high levels of civic participation in Iceland, where 98% of people believe that they know someone they could rely on in time of need, the highest rate in the OECD, where the average is 89%. Voter turnout, a measure of citizens’ participation in the political process, was 79% during recent elections; higher than the OECD average of 68%. Voter turnout for the top 20% of the population is an estimated 86% and for the bottom 20% it is an estimated 74%, slightly narrower than the OECD average gap of 13 percentage points.
Year after year, Japan consistently ranks as one of the top countries for life expectancy. These top 10 facts about life expectancy in Japan is a reflection of economic developments that occurred since World War II.
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Top 10 Facts About Life Expectancy in Japan
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We are not anticipating any change. We will continue to monitor the impact of the Rules through our annual safety performance indicators. Any future changes would only take place with approval of IOGP Members.