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Friday, November 15, 2024

UK unemployment benefit less generous than Romania, Albania and the US

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Well now. Here’s an interesting ranking of countries according to how generous their unemployment benefit is for the first year after workers have lost their jobs.

Quite contrary to the spin we constantly receive from the mainstream press et al about how generous the UK is with unemployment benefits, the fact is we actually rank lower in generosity than countries like Romania, Albania and even the US.

Here’s the ranking – with the most generous countries at the top (you have to go right to the bottom to find the UK):

Country Gross Replacement Rate, year 1 Ranking
Netherlands 0.7 1
Switzerland 0.687 2
Sweden 0.685 3
Portugal 0.65 4
Spain 0.635 5
Norway 0.624 6
Algeria 0.612 7
Taiwan 0.6 8
Ukraine 0.56 9
Italy 0.527 10
Denmark 0.521 11
Russia 0.505 12
Tunisia 0.5 13
Finland 0.494 14
France 0.479 15
Bulgaria 0.473 16
Canada 0.459 17
Romania 0.45 18
Hong Kong 0.41 19
Austria 0.398 20
Belgium 0.373 21
Argentina 0.354 22
Germany 0.353 23
Greece 0.346 24
Azerbaijan 0.338 25
Egypt 0.329 26
Venezuela 0.325 27
Belarus 0.313 28
Israel 0.307 29
Japan 0.289 30
United States 0.275 31
Kyrgyzstan 0.255 32
New Zealand 0.254 33
Latvia 0.253 34
India 0.25 38
Korea, South 0.25 37
Uruguay 0.25 36
Uzbekistan 0.25 35
Ireland 0.238 39
Hungary 0.235 40
Poland 0.226 41
Czech Republic 0.225 42
Australia 0.21 43
Turkey 0.206 44
Albania 0.202 45
United Kingdom 0.189 46
Brazil 0.152 47
Estonia 0.132 48
Lithuania 0.117 49
Chile 0.115 50
Georgia 0.09 51

For more details of how the list was compiled – have a look at this excellent website:

World ranking in Unemployment Benefit replacement rates

The data by the way, is taken from a study compiled for the IMF – before anyone starts accusing me of peddling left-wing propaganda.

I don’t know about you, but I think it would be nice to see a few real facts being allowed to surface in the debate about welfare reform – instead of the ill-informed spin and propaganda that passes for debate on benefits we’re getting at the moment in the UK.

Tom Pride

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