DIPLOMAT_2019-03-31_0054
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- Among the eight Eastern European countries that joined the European Union along with Malta and Cyprus on May 1, 2004, the Czech Republic currently boasts the highest per-capita GDP with $35,234, according to the OECD, based on 2016 figures. (Photo: © Lesapi | Dreamstime)
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- Estonia has the lowest debt-to-GDP ratio among OECD countries, a result of several smart decisions since its 1991 independence. Today, the country is a free and efficient society. (Photo: Kristian Pikner)
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- In the No. 2 spot, Luxembourg is a founding member of the European Union and the Eurozone and is considered Europe’s version of Singapore. (Photo: Benh LIEU SONG )
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- Chile’s financial management is a model of the benefits of trade, deregulation and private-market solutions. Shown here are former president Michele Bachelet and current President Sebastián Piñera. (Photo: © Ig0rzh | Dreamstime.com)
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- In 2010, Turkey recorded a debt-to-GDP ratio of 49.2 per cent, according to the OECD. By 2015, it had fallen to 32.8 per cent, in line with the IMF, which pegged the debt-to-GDP ratio at 32.93 per cent in 2015. Now it sits at 35.17. (Photo: © Ig0rzh | Dreamstime.com)
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- Switzerland’s government links expenditures with revenues over the course of an economic cycle to ensure that expenditures don’t exceed revenues. It allows the federal government to run deficits during recessions while generating surpluses during booms. (Photo: Romy Biner-Hauser)
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- Some of Norway’s economic success is due to its responsible management of its oil wealth. (Photo: © Kisamarkiza | Dreamstime)
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- Latvia, whose debt-to-GDP ratio is 47.3 per cent, joined the Eurozone in 2014, with 60 per cent of the population questioning why the country would do so. Today, 83 per cent of Latvians approve of the move. (Photo: Shawn M. Kent)
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- Between 2006 and 2017, Lithuania recorded the highest economic growth in the OECD with GDP growth averaging of just less than 4 per cent. (Photo: © Mindauga Dulinska | Dreamstime)
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- Danes pay higher taxes on everything from cars to coffee, but Denmark’s commitment to best practices that deliver better services at lower costs is what distinguishes it. (Photo: Jan Sonberg)
