Indicators of Development
Indicators of Development
- Countries are divided into less developed and developed groups based on specific criteria.
- Economic growth is a quantitative measure of production levels (e.g., GDP increase).
- Economic development combines social and mental changes to improve the standard of living and achieve sustainable human development.
Indicators of Development
- Economic, financial, social, health, demographic, cultural, educational, and political indicators.
Economic Indicators
Economic Indicators in General
- Energy Consumption per capita: High in developed, low in less developed.
- Employment of Natural Resources: Highly efficient in developed, less efficient in less developed.
- Development of Economic Sectors: Balanced growth in developed, unbalanced in less developed.
- Real GDP per capita: High in developed, low in less developed.
- Availability of Capital: High in developed, low in less developed due to savings levels.
- Average Propensity to Save (APS): High in developed, low in less developed.
- Expenditure on Research and Development: Accounts for >3% of Real GDP in developed, <3% in less developed.
- Level of Productivity: High in developed, low in less developed.
- Economic Growth: Progressive in developed, regressive in less developed.
- Dependency on Foreign Nation: Self-sufficient in developed, highly dependent in less developed.
- Export Structure: Heavy industrial output in developed, light industrial output in less developed.
- Infrastructure: Encourages investment and productivity in developed, poor and undeveloped in less developed.
- Balance of Payment: Surplus in developed, deficit in less developed.
Sectorial Indicators
- Agricultural, industrial, and service indicators.
Agricultural Indicators
- Share of Agricultural Output of Real GDP: Low in developed (3), dominant in less developed.
- Agricultural Techniques: Sophisticated in developed, limited and primitive in less developed.
- Balance of Trade in Agriculture: Surplus in developed, deficit in less developed.
Industrial Indicators
- Contribution of Industry in GDP: >35% in developed, <20% in less developed.
- Type of Production: Heavy industry in developed, light industry in less developed.
- Size of Firm: Large to medium scale in developed, small scale in less developed.
Service Indicators
- Share of the Service Sector out of Real GDP: High with balanced growth in developed, high at the expense of other sectors in less developed.
- Interdependence with Agricultural and Industrial Sectors: All sectors interdependent in developed, independent in less developed.
Financial Indicators
Revenue Indicators
- Tax Revenue out of Real GDP: >25% in developed, <14% in less developed.
- Percentage of Direct Tax out of Total Tax Collector: Between 35−55 in developed, between 10−20 in less developed.
- Percentage of Indirect Taxes out of Total Tax Collected: Between 45−65 in developed, between 70−90 in less developed.
Expenditure Indicators
- Share of General Expenditure out of RGDP: 35 in developed, 20 in less developed.
- Structure of General Expenditure: Equilibrium between common and project expenditure in developed, common expenditure dominates in less developed.
- Military Expenditure: Low in developed, high in less developed.
- Foreign Debt: Low in developed, high in less developed.
Social Indicators
- Social Mobility: Vertical mobility exists in developed, does not exist in less developed.
- Unemployment: <12 in developed, >20 in less developed.
- Level of Wages or Salaries: Relatively high in developed, low in less developed.
- Child Labor: Does not exist in developed, prevalent in less developed.
- Concentration of Income: Very low in developed, high in less developed.
- Size of Middle Class: Large in developed, small in less developed (<30%).
- Social Law: Rights protected in developed, not in less developed.
- Social Integration: Exists in developed, does not exist in less developed.
- Household of Family Budget: Households allocate only 20% of the income on consumption on goods due to their low income, household spend more than 40% of their income on consumption of G&S. This increases to 70% when taking spending on education and health services into account.
Health Indicators
- Spending on Health Services: 17 of family's budget in developed, <7% in less developed.
- Percentage of Citizens Medically Insured: >90% in developed, <30% in less developed.
- Health Conditions: Maintained in developed, absent in less developed.
- Nutritional Intake: High in developed, low in less developed.
Demographic Indicators
- Population Growth: Low in developed, high in less developed.
- Birth Rate: Low in developed, high in less developed.
- Death Rate: Low in developed, high in less developed.
- Life Expectancy: 75 years in developed, 51 years in less developed.
- Immigration: Low in developed, high in less developed.
Cultural Indicators
- Value of Time: Scarce and valuable in developed, less valuable in less developed.
- Burden of Traditions, Customs, and Beliefs: More open in developed, loyal to traditions creating instability in less developed.
- System of Values: Based on qualification in developed, based on origins in less developed.
Women's Situation
- % of Females Enrolled in Primary Education: 97 in developed, 84 in less developed.
- % of Females Enrolled in Secondary Education: 87 in developed, 33 in less developed.
- % of Females Enrolled in University Education: High in developed, low in less developed.
- % of Females in Senior and Managerial Posts: High in developed, low in less developed.
Educational Indicators
- Illiteracy Rate: Higher for women in less developed.
- Government Expenditure on Education: 5.4 in developed, <3% in less developed.
- % Spending on Higher Education: 22 in developed, <5% in less developed.
Political Indicators
- Respect of Democratic Values: Fundamental in developed countries.
- State of Law: Ensures equity and fairness in developed countries.
- Political Situation: Voters may prioritize personal needs over qualifications in less developed countries.