Development indicator
The development indicators show the economic and social status of a country. Some development indicators are presented below.
Gross National Income / Gross Domestic Product
The gross national income (abbreviated GNI, formerly gross national product) is a monetary measure of the income of residents of an economy in the formal sector in the national accounts .
- The top countries are at around US $ 30,000 (per capita)
- 30,000 - 25,000 = good industrial country
- 25,000 - 6000 = middle development zone
- under 6000 = very poor countries
For a better comparison between different countries, the gross domestic product adjusted for purchasing power per capita is often used here.
The gross domestic product (abbreviated to GDP) is a measure of the economic performance of an economy. It shows all newly available goods and services at their current market prices, which were produced in Germany within a defined period by residents and foreigners and are used for end consumption. If goods are not used directly but placed in storage, they are also considered to be end products (changes in inventory ). Due to the consideration in market prices, the (nominal) GDP depends on the inflation of the economy under consideration. If the inflation rate is positive, market prices rise and with them nominal GDP.
Employed
The employed are divided into economic sectors:
- The primary sector includes the provision of raw materials (agriculture, mining, fishing, extraction of raw materials).
- The secondary sector describes the processing of raw materials (industry and commerce).
- The tertiary sector includes the services, health care, education, tourism, civil servants, military and transportation.
Historically, the primary sector grew into the secondary sector and the secondary sector became the tertiary sector.
Illiterate
The proportion of illiterate people provides information about the level of education and the educational system in a country.
Life expectancy
Life expectancy reflects factors such as diet, healthcare, hygienic conditions and physical work.
Human Development Index
The human development index is a dimensionless number between zero and one, combined from parameters from the areas of income, education and life expectancy. The United Nations Development Program usually publishes this index in a ranking list.