Human Development Index - HDI

AAA

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.

RELATED TERMS
  1. United Nations - UN

    An international organization formed in 1945 to increase political ...
  2. Advanced Economies

    A term used by the International Monetary Fund to describe developed ...
  3. Developed Economy

    While there is no one, set definition of a developed economy ...
  4. Gross Domestic Product - GDP

    The monetary value of all the finished goods and services produced ...
  5. Net Domestic Product - NDP

    An annual measure of the economic output of a nation that is ...
  6. Emerging Market Economy

    A nation's economy that is progressing toward becoming advanced, ...
Related Articles
  1. An Introduction to Microfinance
    Insurance

    An Introduction to Microfinance

  2. Does High GDP Mean Economic Prosperity?
    Economics

    Does High GDP Mean Economic Prosperity?

  3. Two Roads: Debt Or Financial Independence?
    Retirement

    Two Roads: Debt Or Financial Independence?

  4. Standard Of Living Vs. Quality Of Life
    Fundamental Analysis

    Standard Of Living Vs. Quality Of Life

comments powered by Disqus
Hot Definitions
  1. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  2. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  3. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  4. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  5. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  6. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
Trading Center