What are the 5 indicators of economic development?

What are the 5 indicators of economic development?

The indicators of economic development are:

• Growth rate of National Income:
• Per Capita Income (PCI):
• Per Capita Consumption (PCC):
• Physical Quality Life Index (PQLI) and Human Development Index (HDI):
• Industrial progress:
• Capital formation:

What are indicators of economic development?

Gross Domestic Product (GDP) is the total value of goods and services produced by a country in a year. Gross National Product (GNP) measures the total economic output of a country, including earnings from foreign investments. GNP per capita is a country’s GNP divided by its population. (Per capita means per person.)

What are the 4 indicators of economic development?

4 Key Indicators of Economic Development

• Key Indicator # 1. Per Capita Income:
• Key Indicator # 2. Poverty:
• Key Indicator # 3. Social and Health Indicators:
• Key Indicator # 4. Operational Pattern:

What is the best indicator of economic development?

The most comprehensive measure of overall economic performance is gross domestic product or GDP, which measures the “output” or total market value of goods and services produced in the domestic economy during a particular time period.

What are the social indicators of development?

The various social indicators of development are: health, education, income, gender equality, etc.

• Health and education: A healthy and educated human being is a resource for a country.
• Income: Regular desirable income increases the developmental prospects of an individual.

What are the main economic indicators of a country?

Main Indicators.

What are the two major indicators of economic development?

The indicators of economic development are: Growth rate of National Income: Per Capita Income (PCI): Per Capita Consumption (PCC):