What factors are considered in the calculation of the HDI?

Economic Development Indices Questions



80 Short 80 Medium 36 Long Answer Questions Question Index

What factors are considered in the calculation of the HDI?

The Human Development Index (HDI) takes into account three main factors in its calculation:

1. Life expectancy at birth: This factor measures the average number of years a person is expected to live from birth. It reflects the overall health and well-being of a population.

2. Education: The HDI considers two components of education - mean years of schooling and expected years of schooling. Mean years of schooling represents the average number of years of education received by adults in a country, while expected years of schooling measures the number of years a child is expected to attend school.

3. Gross national income (GNI) per capita: This factor reflects the economic well-being of a country's citizens. GNI per capita takes into account the total income generated within a country, including income from abroad, and divides it by the population.

By combining these three factors, the HDI provides a comprehensive measure of a country's overall development and standard of living.