US Post Office Best Deal in the World

The US Post Office needs money.  As this chart shows, US postal rates, at 45 cents for a first class stamp, are the lowest in the world, often by far, excluding a few small island countries.  Yet Congress, the Postal Regulatory Commission, set up by Congress in 2006 to oversee the Post Office, has proven unwilling to allow that rate to rise to any significant degree.  In 2010 the Post Office asked for a 2 cent increase, from 44 to 46 cents.  The PRC approved only a penny.

A few days ago,  the Senate rejected an amendment that would have allowed the Post Office to raise the price of a first class stamp by a nickel.  That would have raised sufficient money so that no local post office or processing facility would have to be closed and the US would still have been the leader in world wide rates.

We all save a nickel.  The Post Office, the most ubiquitous and I dare say, beloved public institution in America continues to disintegrate.

             Stamp Rates World-Wide

Country

US First Class Equivalent

Aruba $0.48
Australia $0.55
Austria $0.75
Belgium $0.97
Bermuda $0.34
Brunei Darussalam $0.15
Canada $0.57
Cayman Islands $0.24
Cyprus $0.46
Czech Republic $0.58
Denmark $1.46
Faroe Islands $0.96
Finland $1.02
France $0.82
French Polynesia $0.82
Germany $0.75
Gibraltar $0.47
Great Britain $0.72
Greece $0.82
Greenland $1.00
Guernsey $0.57
Hong Kong, China $0.18
Iceland $0.63
Ireland $0.75
Isle of Man $0.58
Israel $0.42
Italy $0.82
Japan $0.90
Jersey $0.54
Kuwait $0.88
Liechtenstein $1.06
Luxembourg $0.82
Malta $0.26
Martinique $0.72
Monaco $0.82
Netherlands $0.63
Netherlands Antilles $0.61
New Caledonia $0.87
New Zealand $0.80
Norfolk Island $0.30
Norway $1.25
Portugal $0.93
Qatar $0.13
Reunion $0.72
San Marino $0.82
Singapore $0.19
Slovenia $0.42
Spain $0.41
South Korea $0.35
Sweden $0.92
Switzerland $0.98
Tristan da Cunha $0.40
United Arab Emirates $0.27
United States $0.45
Vatican $0.82
Wallis and Futuna Islands $0.64

Source: Postal Regulatory Commission

Facebooktwitterredditmail
Follow David Morris:
David Morris

David Morris is co-founder of the Institute for Local Self-Reliance and currently ILSR's distinguished fellow. His five non-fiction books range from an analysis of Chilean development to the future of electric power to the transformation of cities and neighborhoods.  For 14 years he was a regular columnist for the Saint Paul Pioneer Press. His essays on public policy have appeared in the New York TimesWall Street Journal, Washington PostSalonAlternetCommon Dreams, and the Huffington Post.