With our free movement proposals between the UK, Australia, New Zealand and Canada rapidly gaining support, the evidence for economic and social compatibility between these four nations is highly regarded.
|Melbourne, Australia at night|
Collectively, we would have the fourth largest economic area in the world, a combined GDP of $6 trillion, a GDP per capita value higher than that of the United States and an unemployment rate of under 6% (not to mention countless opportunities for businesses and trade that would exist by embracing free movement between our citizens).
And there’s more good news. Our latest research indicates that by operating under a free movement agreement (a “CANZUK union”), our combined quality of life would be the fifth highest in the world.
Our results combine standard economic measurements such as purchasing power, safety, health care and cost of living (among others) to formulate a quality of life rank for each country. Individually, the UK, Australia, New Zealand and Canada place within the top 15 countries in the world for quality of life, as shown below:
[All data provided by Numbeo and accurate at time of publication (August, 2016)]
What The Indexes Mean
All index measurements are compared to a base value of 100.00. When measuring cost of living indexes across cities, New York City (USA) is set as the base measurement for global statistics, and will always have the index value of 100.00. From our most recent research regarding CANZUK cities, Vancouver (Canada) has a cost of living index equaling 72.2, meaning that the cost of living in Vancouver is only 72.2% that of New York City’s (ie: the cost of living in Vancouver is 27.8% cheaper than living in New York City).
Likewise, similar measurements are taken across all cities in Canada to calculate one collective nationwide value. For example, a cost of living index value will be recorded in Calgary, Vancouver, Toronto, Montreal, Edmonton and other Canadian cities, and an average will be calculated to create a cost of living index value for Canada. This formula is conducted with numerous other measurements such as health care, safety and purchasing power to create a final quality of life index for Canada.
Therefore, when reviewing the information above, the higher the value given to Quality of Life, Purchasing Power, Safety and Health Care indexes, the better. The lower the value given to Cost of Living indexes, the better.
How Does A CANZUK Union Compare?
By combining the UK, Australia, New Zealand and Canada under a free movement agreement, we attain a CANZUK average for all indexes and an overall rank for quality of life:
From the research shown, a freedom of movement initiative places a CANZUK union fifth in the world for quality of life, implying exceptionally high standards of health care, costs of living, safety and purchasing powers. With this data (in addition to the economic and social benefits of freedom of movement between our nations), we can determine that free movement is a valuable pursuit for enhancing our quality of life, and will serve to benefit our nations from an economic perspective.
In addition, the data reveals how compatible the UK, Australia, New Zealand and Canada would be operating under a free movement agreement, as our respective rankings in quality of life, security, healthcare and purchasing power are very similar, and therefore, ideal for negotiating freedom of movement. The economic and social risk of introducing free movement within the CANZUK area would be exceptionally low, yet we would all benefit greatly from a combined economic, social and quality of life perspective.