Which factors are taken into analysis while calculating HDI rank
Answers
Answer:
Calculation of the index combines four major indicators: life expectancy for health, expected years of schooling, mean of years of schooling for education and Gross National Income per capita for standard of living. Every year UNDP ranks countries based on the HDI report released in their annual report.
Answer:
The Human Development Index (HDI) is a statistic composite index of life expectancy, education (Literacy Rate, Gross Enrollment Ratio at different levels and Net Attendance Ratio) , and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores a higher HDI when the lifespan is higher, the education level is higher, and the gross national income GNI (PPP) per capita is higher. It was developed by Indian economist Amartya Sen and then utilized by Pakistani economist Mahbub ul Haq and was further used to measure a country's development by the United Nations Development Programme (UNDP)'s Human Development Report Office
Explanation:
KEY TAKEAWAYS
The HDI is a measurement system used by the United Nations to evaluate the level of individual human development in each country.
The HDI uses components such as average annual income and educational expectations to rank and compare countries.
The HDI has been criticized by social advocates for not representing a broad enough measure of quality of life and by economists for providing little additional useful information beyond simpler measures of the economic standard of living.