At the World Economic Forum (WEF) in Davos, they published the results of the inclusive development index - a rating that determines the country's position in the world. It has been composed for two years in a row. This indicator takes into account not only GDP, but 11 more parameters that characterize the general standard of living in the country and equality among all segments of the population.
What exactly do you consider when compiling the index?
There are 12 indicators in the Inclusive Development Index, which are divided into three groups:
Growth and development
- GDP per capita
- labor productivity - GDP per employee
- healthy life expectancy
- employment
Inclusiveness
- income stratification ratio
- poverty rate
- stratification coefficient of society according to the distribution of wealth
- median income
Generational Continuity and Sustainability
- adjusted net savings
- greenhouse GDP intensity (kilograms of CO₂ emissions per dollar)
- state debt
- demographic load factor
- The indicators are first determined in the group, and then their arithmetic average is calculated
Who is the leader of the ranking?
The first place in the ranking among developing countries was taken by Lithuania, the second - Hungary, the third - Azerbaijan.
Among countries with developed economies, the leader in the ranking is Norway, followed by Iceland, and Luxembourg in third. Four European countries close the ranking of developed economies: Spain (26th place), Italy (27th), Portugal (28th) and Greece (29th). The USA took 23rd place.