How to compare different countries or states
How to compare different countries or states
Different countries in the world can be compared on the basis of several dimensions such as Economic factors, Environment, Political and Social Indicators.
Some of the most popular indicators that are used to compare different countries in the world are Gross Domestic Product (GDP), Per Capita Income, Human Development Index etc.
Important Sources of Information for Comparison of Different States in India
Some of the important sources of data where one can find credible information to compare information on Indian economy, performance of different states on varied indicators are published in the Report of the National Family Health Survey, Economic Survey, Handbook of Statistics on the Indian Economy published by Government of India and Handbook of
Statistics on Indian Economy published by Reserve Bank of India.
Important Sources of Data for Comparison of Different Countries
Some of the important sources of data where one can find credible information to compare different countries on different parameters are World Development Indicators published by World Bank and Human Development Report published by United Nations Development Programme (UNDP) etc.
Per Capita Income – Meaning & Importance
- Comparison of Total income of a country will not give a clear picture about the income an average person in a country will earn, since the population of all countries are different.
- Hence Average Income is a much more useful indicator to compare different countries.
- The Average income is known as the Per Capita Income.
- The Average income is the total income of a nation divided by its total population.
Classification of Countries – Based on Per Capita Income
As per World Bank in the World Development Reports
- As of 2017, India comes in the category of low middle income countries, as the per capita income of India was $1820 per annum.
- As of 2017, Low Income countries are those countries with per capita income of US$ 955 or less.
- As of 2017, Rich countries are those countries with per capita income of US$ 12,056 per annum and above.
- Rich countries are usually called Developed countries, excluding few small nations and nations located in the Middle East.
Human Development Index (HDI)
The Human Development Report is published by the United Nations Development Programme (UNDP). Human Development Report compares different countries based on the following:
- Education levels of people
- Per Capita Income
- Health Status
Human Development Report (2018) – Comparison of India and its Neighbours
- Human Development Index (HDI) Rank of India in 2018 was very low at 130.
- Among the neighbouring countries of India, Sri Lanka had a much better HDI rank of 76 for the same year.
- The other neighbouring countries were ranked poorer than India in the HDI index. The worst ranked among India’s neighbours was Pakistan, which was ranked at 150th position.
- The life expectancy at birth (2017) for India was 68.8. Among its neighbours, Sri Lanka had the highest life expectancy at birth for the same year at 75.5, closely followed by Bangladesh at 72.8
- The mean years of schooling of people aged 25 years and above in India for the year 2017 was 6.4. Among its neighboring countries, Sri Lanka had the highest at 10.9 and the joint lowest was Nepal and Myanmar at 4.9.
- The Gross National Income (GNI) per capita as per (2011 PPP $), India was at $ 6,353. Sri Lanka was the highest at $ 11,326 and Nepal was the lowest at $ 2,471.
Different countries in the world can be compared on the basis of several dimensions such as Economic factors, Environment, Political and Social Indicators.
Some of the most popular indicators that are used to compare different countries in the world are Gross Domestic Product (GDP), Per Capita Income, Human Development Index etc.
Important Sources of Information for Comparison of Different States in India
Some of the important sources of data where one can find credible information to compare information on Indian economy, performance of different states on varied indicators are published in the Report of the National Family Health Survey, Economic Survey, Handbook of Statistics on the Indian Economy published by Government of India and Handbook of
Statistics on Indian Economy published by Reserve Bank of India.
Important Sources of Data for Comparison of Different Countries
Some of the important sources of data where one can find credible information to compare different countries on different parameters are World Development Indicators published by World Bank and Human Development Report published by United Nations Development Programme (UNDP) etc.
Per Capita Income – Meaning & Importance
- Comparison of Total income of a country will not give a clear picture about the income an average person in a country will earn, since the population of all countries are different.
- Hence Average Income is a much more useful indicator to compare different countries.
- The Average income is known as the Per Capita Income.
- The Average income is the total income of a nation divided by its total population.
Classification of Countries – Based on Per Capita Income
As per World Bank in the World Development Reports
- As of 2017, India comes in the category of low middle income countries, as the per capita income of India was $1820 per annum.
- As of 2017, Low Income countries are those countries with per capita income of US$ 955 or less.
- As of 2017, Rich countries are those countries with per capita income of US$ 12,056 per annum and above.
- Rich countries are usually called Developed countries, excluding few small nations and nations located in the Middle East.
Human Development Index (HDI)
The Human Development Report is published by the United Nations Development Programme (UNDP). Human Development Report compares different countries based on the following:
- Education levels of people
- Per Capita Income
- Health Status
Human Development Report (2018) – Comparison of India and its Neighbours
- Human Development Index (HDI) Rank of India in 2018 was very low at 130.
- Among the neighbouring countries of India, Sri Lanka had a much better HDI rank of 76 for the same year.
- The other neighbouring countries were ranked poorer than India in the HDI index. The worst ranked among India’s neighbours was Pakistan, which was ranked at 150th position.
- The life expectancy at birth (2017) for India was 68.8. Among its neighbours, Sri Lanka had the highest life expectancy at birth for the same year at 75.5, closely followed by Bangladesh at 72.8
- The mean years of schooling of people aged 25 years and above in India for the year 2017 was 6.4. Among its neighboring countries, Sri Lanka had the highest at 10.9 and the joint lowest was Nepal and Myanmar at 4.9.
- The Gross National Income (GNI) per capita as per (2011 PPP $), India was at $ 6,353. Sri Lanka was the highest at $ 11,326 and Nepal was the lowest at $ 2,471.
