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Methodology - Unemployment Rate

The average unemployment rate is 9.8% with a standard deviation of 7.3%. The lowest rate is 0.4% (Uzbekistan) while the highest one is 39.3% (Lesotho).

 

For countries above the mean the points for the score-bar are calculated as follows:

With the calculated mean and standard deviation an assumed normal distribution has been calculated. The probability of a value equals the minus-points, i.e. a probability of 67% equals 33 points (100 - 67).

 

For countries below the mean the points for the score-bar are calculated as follows:

As an unemployment rate of 0% reflects the absolute minimum this value should be 100 points. The average unemployment rate should equal 50 points. This means that for every 0.2% unemployment rate a minus-point is given. This method has been chosen as otherwise a country with 0% unemployment rate would just get about 91 points when applying the assumed normal distribution method. This would not reflect the good performance of the country in that area.

 

Source

United Nations:  last update 1 August 2006

 
 

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