Data Visualization

Blog of the Data Visualization & Communication Course at OSB-AUB

This is my favorite part about analytics: Taking boring flat data and bringing it to life through visualization” John Tukey

Government Health Expenditure on Life Expectancy

Government Health Expenditure on Life Expectancy

The most important statistic for measuring population health is life expectancy. Life expectancy captures mortality across the whole life course, making it more comprehensive than the restricted measure of newborn and child mortality, which concentrates only on mortality at a young age. It provides information on the typical death age for a population.

Since the Age of Enlightenment, life expectancy has rapidly grown. Life expectancy began to rise in the early industrialized nations in the 19th century, but it remained low in the rest of the world. As a result, there was a huge disparity in the distribution of health throughout the world. Good health in the wealthy nations and continuously poor health in the developing nations. This worldwide inequality has declined during the last few decades. The nations with the highest life expectancy in 1800 are the only ones in the world with a lower life expectancy today. Many nations that were formerly afflicted by poor health are quickly catching up.

This world map shows the life expectancy of the year 2000.

African nations have been struggling with health related issues for quite some time. One of them is that, when compared to other continents, such as Europe Africa has the nations with the lowest life expectancies. Why is that? Does government health expenditure play a big role disaster?

Government health expenditure plays an important role in guaranteeing people’s livelihood and in improving the quality of human capital, and it also plays an important role in affecting economic development.

In order to characterize the specific trend of government health spending affecting life expectancy in Africa, this bar chart shows the expenditure in healthy sectors by the government, from years 2000 to 2018, of the top 3 countries (in terms of life expectancy) and the bottom 3 in comparison as shown in the map.

We clearly see that countries with high government expenditure have a higher life expectancy.

Even though African nations still have a low life expectancy in comparison to other countries, significant improvement has been made since the early 2000s as life expectancy within African nations has seen an increase of at least 10 years.This shows a positive relationship between government health expenditure and life expectancy.

National Debt & Population Income

National Debt & Population Income

Does a Country’s Borrowing Policy Affect its Population’s Income level?

The Case of Lebanon

 

DOLLAR? LBP?       

WHAT’S THE EXCHANGE RATE TODAY?

DISCOUNTING CHECKS? AT WHAT RATE?

WHAT????     20%????

THIS MEANS I’M LOSING 80% OF MY MONEY!!!

I WAS DOING OK BUT NOW I CAN BARELY MAKE ENDS MEET…  

 

This has unfortunately been the sad reality that
theLebanese people have been living for since
October of 2019.

 

WHY?

 

Because a Banking | Financial | Currency | Crisis

Made a Huge Bubble Burst!                                             

 

 

BUT HOW DID WE GET HERE?

Lebanon has had a budget deficit for over 20 years
and has been borrowing from external parties
for as long as we can remember.

So, as Lebanese citizens, we are born indebted.

 

A country’s national debt affects its population’s income level:

  • Growing debt has a direct effect on economic opportunities

  • If high levels of debt crowd out private investments, workers would have less to jobs do and therefore earn lower wages

Countries with LOWER DEBT exhibit HIGHER INCOME levels per capita.

 

SO HOW HAS LEBANON’S DEBT BEEN CHANGING OVER TIME?

 

WHAT CAN WE DO TO MAKE THINGS BETTER?

Potential Solutions include but are not limited to:

  • Supporting Production and Services Sectors leading to more Job Creation and eventually More Wages

  • Improving Trade Agreements leads to more exports which would Reduce Budget Deficits and make the country economically healthier

  • Attracting Foreign Direct Investments by providing a healthy capital market (ex: improving Reporting Practices) which leads to More Investments & More economic opportunities, More Jobs and eventually More wages

 

IS THERE PROOF?

                                            

Countries with Open Trade Policies seem to have higher income levels

 

Countries with Updated Reporting Practices also have higher income levels

SO, WHAT ARE THE RECOMMENDATIONS?

STOP borrowing from international Agencies

CONTROL High National Debt Levels

 

Implement Policies to boost the economy