A wealthiest country is a country in which its citizens can meet their basic needs, human rights and live relatively better material lives. People’s basic includes food, water, shelter, security, health services…etc. People’s rights include rights to education, rights to equality, and rights to freedom of belief, religion, speech, and information...etc. A relatively better material life means that citizens generally have more money than citizens from other countries.
The Gender inequality Index is taken into consideration because gender inequality indicates that half of the population (women) doesn’t have the rights to equality. Very often, women are also denied from their other human rights such as the rights to education and rights to own property. In a lot of countries, women are often abused and discriminated against. Some of them can't even reach their basic needs like food and medical services. Countries where gender inequality index are high do not fit the definition of the wealthiest country.
Instead of using GDP per capita, this index uses GNP per capita as an indication of national wealth. GDP defines production based on geographic location whereas GNP defines production based on the location of ownership. GNP per capita is a better indication of national wealth because it shows the ownership of production, which directly indicates how much wealth a country has. Income Gini coefficient is used to measure the distribution of wealth within a county. In countries where the GNP is higher and the distribution of wealth is more equal, citizens are generally richer. This enables them to live relatively better material lives. Press freedom is an indication of freedom of speech which is a human right. WHO Ranking of Health Systems ranks health care systems in different countries. A good health care system ensures that people can meet their basic need to medical services. Crime Index Rate is used to indicate security, which is very important to a person's life. Crime rate is usually interrelated to other social issues such as poverty, inequality, discrimination, lack of access to education......etc. Based on these indices, Norway is the wealthiest country in the world where its citizens can meet their basic needs, human rights and live relatively better material lives. Norway has the highest GNP, the second lowest Gini Coefficient, the third lowest gender inequality index value, the second lowest Press Freedom Index value, the 11th best health care system, the third smallest crime rate, and the highest UNDP Education Index value.