Switzerland, the best country for young people

Switzerland, Germany and Austria confirmed at the top of the rankings, according to Young Workers Index, research carried out by PwC, which since 2006 analyzes the level of employment, schooling and vocational training of young people between 15 and 24 years of the 35 OECD countries.

In general, Europe is at the top of the rankings, as the leading trio is followed by Iceland, Norway and Denmark. Israel, Luxembourg and Germany have instead registered the best progress in the period 2006-2015, whereas Southern Europe, particularly Italy, Spain and Greece, are earnestly striving to recover after the financial crisis.

According to the study, the three best performing countries (ie Switzerland, Germany and Austria) have been able to maintain low level of youth unemployment after the global recession (result achieved thanks to educational systems that promote vocational training and apprenticeship) and have thus reduced the part of young people remained excluded from the labor market.

Also, if OECD countries were able to reach Germany as the number of young people in employment, schooling or vocational training in the age group 20-24 years, the economic momentum potential would be equal to 0.1% of GDP for Holland, 2-3% for the US, UK and France, and would reach a potential of 7-9% in Turkey, Spain and Greece. Italy, at the bottom of the ranking, is among the countries that could benefit most from this potential, valued between 8 and 9% of GDP.

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