The Economist Quality of Life Index

Definition

The Economist Quality of Life Index compares Quality of Life in various countries. 

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Relevancy

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The goal of the "Top 15 Vision" is to see Israel achieve a significant socioeconomic advancement that would put Israel among the 15 leading countries in terms of Quality of Life within fifteen years.

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Quality of Life is a subjective term determined by various components. Numerous indices attempt to measure the Quality of Life of individuals in different countries. The most prominent indices among them are the Economist's Quality of Life Index, the UN Human Development Index, and the Quality of Life chapter in the OECD Factbook. These indices utilize a range of methodologies and examine diverse components of Quality of Life.  

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In order to pursue the Top 15 Vision, the Government of Israel should first define the key components relevant to Quality of Life in Israel. Thus the Reut Institute identified four main areas that affect Quality of Life in Israel directly and enable a basis for comparison to other countries.

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