What is development?

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Economic Indicators:

GDP- Gross Domestic Product is the total value of goods and services produced by a country in a year. (only shows average, doesn't include cash economy.)

PPP- Purchasing Power Parity adjusts income to take the cost of living in that country into account. E.g.. $1 can buy a lot in Sierra Leone than in the USA. (Still only an average. )

HDI - Human Development Index is a combined measure of life expectancy, education and GDP. It scores each country between 0 and 1. (0.8 and over = high development, 0.5-0.799 = medium development, under 0.5 = low development.)

Political Indicators:

Political indicators show what a government is likely to be doing for its country.

Is it well governed?

Is there free speech?

Is there corruption?

Social Indicators:

Birth rate

Number of people per doctor

Gender equality

Life expectancy

Literacy rate

Infant mortality

What is Development? Development is a term that measures how advanced a country is compared to others.

Standard of living in a country (whether people can afford the things they need to survive.

Quality of life within a country.

Can measure the level of development in a country or region using statistics for economic, social and political indicators.

Factors to consider when evaluating development:

Economic:

Income

Type of industries.

Security of jobs.

Phsyically