Key Gap Indicators of Development (2024)

What measures can be used to assess the development gap?

There are many different measures used to assess the development gap, each one offering an alternate way of dividing up the world with regards to how developed it is. Here, we shall look at some of the most common indicators of development used in geography.

Gross Domestic Product (GDP)

GDP is s how much money a country makes from its products over the course of a year, usually converted to US Dollars:

  • the sum of gross value added by all resident producers in the economy + product taxes - any subsidies not included in the value of the products.

Gross National Product (GNP)

GNP is the GDP of a nation together with any money that has been earned by investment abroad minus the income earned by non-nationals within the nation.

GNP per capita

GNP per capita is calculated as GNP divided by population; it is usually expressed in US Dollars.

It's a common indicator used for measuring development, but is imperfect as the calculation doesn’t take into account certain forms of production, such as subsistence production.

Birth and death rates

Crude Birth and Death rates (per 1000) can be used as an overall measure of the state of healthcare and education in a country, though these numbers do not give a full picture of a nation’s situation.

The Human Development Index (HDI)

The HDI is a composite statistic calculated from the:

  • Life expectancy index
  • Education index
  • Mean years of schooling index
  • Expected years of schooling index
  • Income index

Countries are ranked based on their score and split into categories that suggest how well developed they are.

Infant mortality rate

Infant mortality rate is the number of infants dying before reaching one year of age per 1,000 live births in a given year.

Literacy rate

The rate, or percentage, of people who are able to read is a useful indicator of the state of education within a country.

High female literacy rates generally correspond with an increase in the knowledge of contraception and a falling birth rate.

Life expectancy

This simple statistic can be used as an indicator of the:

  • healthcare quality in a country or province
  • level of sanitation
  • provision of care for the elderly

It should not, of course, be used on its own to describe these things.

Key Gap Indicators of Development (2024)

FAQs

What is a key indicator of development? ›

Key indicators for measuring economic development include Gross Domestic Product (GDP), literacy rate, life expectancy, and Human Development Index (HDI).

What are 3 reasons for the development gap? ›

The development gap
  • Historical factors.
  • Environmental factors.
  • Dependence on primary activities.
  • Debt.

What are the three indicators to measure development? ›

What are the three main indicators of human development? The three main indicators of human development include the quality of health (life expectancy), level of knowledge (education rates), and the standard of living (Gross National Income).

How to measure development gap? ›

Here, we shall look at some of the most common indicators of development used in geography.
  1. Gross Domestic Product (GDP) ...
  2. Gross National Product (GNP) ...
  3. GNP per capita. ...
  4. Birth and death rates. ...
  5. The Human Development Index (HDI) ...
  6. Infant mortality rate. ...
  7. Literacy rate. ...
  8. Life expectancy.
Mar 22, 2021

Which is the most common indicator of development? ›

Answer: Per Capita Income is the most common indicator for measuring economic development of a country.

Which is the best indicator of development and why? ›

The best indicator of overall economic development of a nation is its per capita income. Also read: Difference Between GDP and GNP.

What are gaps in development? ›

By “Development Gap” we mean the differences between the economies of. the United States, Japan, and Western Europe and the poorer economies of Africa, Asia, Latin America, and Eastern Europe. These can be measured in terms of income, life expectancy, health, education, and level of urbanization.

What are the reasons for developing gap? ›

Development Gap - Causes of global inequalities - factors affecting development Flashcards
  • A poor climate.
  • Poor farming land.
  • Limited water supplies.
  • Lots of natural hazards.
  • Few raw materials.

What are 2 strategies to reduce the development gap? ›

The development gap can be reduced through several strategies, such as investment, tourism, industrial development, aid, debt relief, microfinance loans, intermediate technology, and Fairtrade.

What are big 3 indicators? ›

Big 3 combines Taylor's checklists and favorite indicators to create the Big 3 signals. Big 3 stands for Trend, Structure, and Momentum. Criteria that when met can lead to powerful directional moves.

What are the three major indicators? ›

GHI scores are calculated using a three-step process:
  • Prevalence of undernourishment80. x100 = standardized undernourishment value.
  • Child stunting rate70. x100 = standardized child stunting value.
  • Child wasting rate30. x100 = standardized child wasting value.
  • Child mortality rate35. x100 = standardized child mortality value.

What are three indicators? ›

Indicators can be described as three types—outcome, process or structure - as first proposed by Avedis Donabedian (1966).

What is the two gap model of development? ›

The proposition that development of less developed countries is constrained by two gaps: that between domestic savings and the investment required for take-off, and that between export revenues and the imports needed for development. National income accounting theory suggests that these gaps are not independent.

What are the indicators of under development? ›

Indicators of underdevelopment include: high birth rates, high infant mortality, undernourishment, a large agricultural and small industrial sector, low per capita GDP, high levels of illiteracy, and low life expectancy. Mawdesly and Rigg (2003) Prog.

What is the development gap in Quizlet? ›

What is the Development Gap. The difference in income and quality of life between the richest and poorest countries in the world.

What is KPI in development? ›

Key performance indicators, abbreviated as KPIs, are the definite metrics used to assess a company or team's performance. Alternatively, KPIs can also help measure specific activities that require ongoing monitoring.

What are the key indicators of economic development? ›

Economic indicators include measures of macroeconomic performance (gross domestic product [GDP], consumption, investment, and international trade) and stability (central government budgets, prices, the money supply, and the balance of payments).

What are the 5 indicators of a highly developed country? ›

Characteristics of developed countries include: 1) a high per capita income, 2) a diverse industrial mix, including a large services sector; 3) a developed financial system, 4) people having a longer life expectancy at birth, and 5) a well-developed educational system.

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