Monday, 24 February 2014

Australia vs Austria in World Country Facts

Quite an interesting comparison of Australia to Austria:

Australia vs Austria in World Country Facts

What puzzled me the most is that the GDP figures are really close, within 5% of each other. Australia is just a tad higher. However, unemployment in Austria is lower and the current account balance is positive. Not sure how old is the data though.

From the quality of life perspective, there are 14% of Australians working long hours vs ~9% of Austrians.

Another important factor is the GINI Coefficient, which measures the degree of inequality of income.

Thursday, 13 February 2014

Monday, 10 February 2014

A behavioural barrier to successful saving