Human Development Index (HDI)
Definition
The Human Development Index (HDI) is a composite index that measures the overall development level of countries based on factors such as life expectancy, education, and income. It provides insights into human well-being beyond just economic indicators.
Analogy
Think of HDI as a report card for countries' development. Just like your report card shows your performance across different subjects, HDI evaluates countries based on various aspects like health, education, and income.
Related terms
Life Expectancy: The average number of years an individual is expected to live from birth.
Education Index: A component of HDI that measures access to education and educational attainment levels within a country.
Gross National Income (GNI): The total income earned by residents or nationals of a country, including both domestic production and overseas earnings.
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