I got this very informative image from a colleague. Put together by the ANZ Bank it shows how New Zealand, Australia, USA, Euro area and the UK rank over a range of variables. How it works is that 1st place in each category shaded dark blue, 2nd place shaded light blue, and last place shaded red.
When they are combined the overall rank has: 1st New Zealand – 2nd Australia. However in the major indicators of Growth, Inflation and unemployment has Australia ranked one in each. As for the Euro area it is ranked last in three categories and ultimately last overall. A useful exercise for students would be to research these categories in major economies and get them to rank them as below.