Research on the Relationship between Suicide Rates and GDP: A Statistical Analysis

Abstract

The complex relationship between suicide rates and economic factors has gained substantial attention because it can have a significant impact on the public health, societal well-being, and economic development areas. This comprehensive study delves into the intricate interplay between suicide rates and Gross Domestic Product (GDP) across 173 countries, spanning the years from 2000 to 2019. Employing a rigorous Linear Regression Model, our analysis unveils a notably weak association between GDP and suicide rates. It becomes increasingly evident that economic prosperity, as symbolized by GDP, offers only limited predictive power when it comes to understanding the fluctuations in suicide rates. These findings underscore the multifaceted nature of suicide, emphasizing the pivotal roles played by a myriad of social, mental health, and economic factors that extend beyond the scope of GDP. This research serves as a valuable resource, providing vital insights for policymakers and researchers seeking to navigate the complex landscape of factors influencing global suicide rates and develop more targeted interventions.