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Development refers to the all-round growth of a country in terms of its economic, social and political wellbeing. There are many indicators of economic development. Such as:
Human development index: HDI was introduced by the UNDP- United Nations Development Program to estimate economic development in terms of education, health, and per capita income.
Life expectancy: It is affected by many factors such as the stability of food supply, political situation, the chances of natural diseases.
Adult literacy: It includes all the people above the age of 15 who are able to read and write.
Gross domestic product per capita: This is the most common indicator for development calculations. It is estimated by dividing the Gross Domestic Product in a year by its population.
Some countries also use other indexes such as the happiness index, corruption index, carbon dioxide emissions, military expenditure etc.
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