Human Development Index - HDI

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DEFINITION of 'Human Development Index - HDI'

A tool developed by the United Nations to measure and rank countries' levels of social and economic development based on four criteria: Life expectancy at birth, mean years of schooling, expected years of schooling and gross national income per capita. The HDI makes it possible to track changes in development levels over time and to compare development levels in different countries.

INVESTOPEDIA EXPLAINS 'Human Development Index - HDI'

In 2010, the index ranked Norway, Australia, New Zealand, the United States and Ireland at the top of its list for "very high human development." The countries that fell at the bottom of its "low human development" list were Mozambique, Burundi, Niger, Congo and Zimbabwe. The index also shows that countries with lots of income do not always spend that money in ways that create high life expectancies or education levels.

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RELATED FAQS
  1. What governments have used the human development index (HDI) to set policy?

    The Human Development Index (HDI) is a United Nations measurement tool to compare human prosperity between countries. Most ... Read Full Answer >>
  2. What institutions employ the human development index (HDI)?

    Some institutions that employ the human development index (HDI) include the United Nations and the World Health Organization. ... Read Full Answer >>
  3. Are there critics of the human development index (HDI)?

    The human development index (HDI) assigns numerical values to different countries as a measure of human prosperity. These ... Read Full Answer >>
  4. What are the key metrics of the human development index (HDI)?

    The key metrics of the standard U.N. Human Development Index (HDI) are health, education and income. These metrics were chosen ... Read Full Answer >>
  5. Who developed the human development index (HDI) and why?

    The United Nations Development Programme developed the Human Development Index (HDI) to create a uniform statistic to measure ... Read Full Answer >>
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    There are conflicting views on whether raising the minimum wage increases inflation. Tied to this is the question of what ... Read Full Answer >>
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