gdp
total value of goods and services produced in a country
gni
total income earned by residents of a country
gini coefficient
income distribution within a population
employment rate
% of working age population that is employed
inflation rate
rate at which prices for goods and services rice
poverty rate
% of the population living below the poverty line
hdi includes what all
- life expectancy at birth
- mean years of schooling of adults
- expected years of schooling for children
- gni per capita
a long and healthy life
knowledge
decent standard of living
gdp vs gni
- gni includes overseas earnings
- gdp is limited to the country itself
access to education
school enrollment rates and average years of schooling
healthcare access
number of doctors per 1,000 people and healthcare expenditure.
how is gender equality measured
by indices like the Gender Development Index (GDI) or Gender Inequality Index (GII).
dependency ratio
ratio of dependents (young and old) to the working age population
norway gdp per capita 2024
$89000
norway poverty rate
very low, <1%
employment rate, norway
high, 72%
gini coefficient norway
0.27 (low inequality)
factors that influyence norway economic success
- diversified economy with high income from oil, gas, and advanced industries
- strong governance
ethiopia gdp per capita
$1100
poverty rate in ethiopia
high, 24%
employment rate in ethiopia
low formal employment
gini coefficient of ethiopia
high inequality, 0.39
factors contributing to ethiopia economic challenge
- heavy reliance on agriculture
- limited industrialisation
- lack of access to capital for development
norway life expectancy
83
literacy rate in norway
100%
