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How’s Life and Well-Being in Greece? Not good, says OECD report

Greece performs well in a limited number of dimensions of well-being relative to other countries in the Better Life Index, an OECD report has found out. Greece outperforms the average in health. It underperforms average in income, jobs, education, environmental quality, social connections, civic engagement and life satisfaction. These assessments are based on available selected data.

Money, while it cannot buy happiness, is an important means to achieving higher living standards. In Greece, the average household net-adjusted disposable income per capita is USD 20 791 a year, less than the OECD average of USD 30 490 a year.

In terms of employment, about 56% of people aged 15 to 64 in Greece have a paid job, below the OECD employment average of 66%. Some 65% of men are in paid work, compared with 47% of women. In Greece, 4% of employees work very long hours in paid work, below the OECD average of 10%, with 6% of men working very long hours in paid work compared with 3% of women.

Good education and skills are important requisites for finding a job. In Greece, 76% of adults aged 25-64 have completed upper secondary education, lower than the OECD average of 79%. However, completion varies between men and women, as 75% of men have successfully completed high school compared with 78% of women. In terms of the quality of the education system, the average student scored 453 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 488. On average in Greece, girls outperformed boys by 18 points, well above the average OECD gap of 5 points.

In terms of health, life expectancy at birth in Greece is around 82 years, one year higher than the OECD average of 81 years. Life expectancy for women is 84 years, compared with 79 for men. The level of atmospheric PM2.5 – tiny air pollutant particles small enough to enter and cause damage to the lungs – is 14.5 micrograms per cubic meter, slightly above the OECD average of 14 micrograms per cubic meter. In Greece, 67% of people say they are satisfied with the quality of their water, lower than the OECD average of 84%.

Concerning the public sphere, there is a moderate sense of community and moderate levels of civic participation in Greece, where 78% of people believe that they know someone they could rely on in time of need, less than the OECD average of 91%. Voter turnout, a measure of citizens’ participation in the political process, was 58% during recent elections, lower than the OECD average of 69%. Social and economic status can affect voting rates; voter turnout for the top 20% of the population is an estimated 59% and for the bottom 20% it is an estimated 58%.

When asked to rate their general satisfaction with life on a scale from 0 to 10, Greeks gave it a 5.8 grade on average, lower than the OECD average of 6.7. [source and more details: OECD]

Finance ministry slams media over OECD report

“The attempt by certain media to portray Greece as the worst country in the world is now moving into the realm of the comic,” the Ministry of National Economy and Finance said in a statement on Tuesday, regarding a publication on the OECD report.

“On the occasion of the OECD Report on well-being in the 38 member countries of the Organization, they isolated the index that compares incomes only for the period 2019-2022 – that is, until the Covid period and the energy crisis – to support their nihilistic criticism. But the latest figures – because we are now in 2024 – show that between 2019 and the first quarter of 2024, Greece is experiencing one of the largest income increases among OECD countries!

In addition, in Greece in 2019 the basic salary was 650 euros, today it is 830 euros and will reach 950 euros in 2027.

Certainly the problem of our country is that it starts from a very low base due to the ten-year economic crisis and has a long way to go.

We do not celebrate, therefore, nor do we ignore the great problems faced by Greek citizens.

However, for those who try with “creative statistics” and cutting techniques to nullify the effort that is being made, reality itself will give them the answer.

Because, as recognized by all international organizations and the most reliable international media, the Greek economy has made significant strides and the forecasts for the coming years are equally or more positive, the finance Ministry said.

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