The last time I got really involved and excited about deciphering and analyzing such a matrix was, I think, when I worked on some assignments in the Economics class. Thanks to MT for pointing to this intriguing report.
Believe me, this index can really challenge some of your beliefs if you're looking at it for the first time. Some of the discoveries as reflected in the Index reminds me of the proverbial battle between perception and reality (reality here means government-generated numbers and surveys which, of course, can also be challenged). I think it is fascinating to see the correlation between the last two parameters of the index - Religious Freedom vs Religious Belief. (I find the whole concept of including 'Social Supports' parameters in this index to be a very worthwhile idea.). What can possibly surprise you is the discovery that India does well on the 'Low Unemployment' column and does not do as well as we might have generally imagined on the 'Religious Belief' column.....what with India being considered the spiritual capital of the world. Australia tops the overall ranking. Singapore tops the Economic Competitiveness ranking (and, of course, the 'Commercializing Innovation' ranking). South Korea's high ranking on the 'Commercializing Innovation' column goes a long way to reiterate how the country has leaped into the limelight over the past decade or so. India does not do well in the 'Better Education' column! :-( And no surprises on discovering that European countries are great on the 'Comparative Liveability' parameters.
There's no end to the number of indirect discoveries and conclusions one can arrive at based on each of these columns and, of course, based on correlations between some of the columns. If you happen to make some interesting discoveries, please do leave your thoughts here.
PS: Can't help wondering about the direct and indirect implications of the countries' performance in the 'Better Education' and 'Community Life' columns, in the context of KM and Collaboration....! ;-)