Indicators of Economic Development

Indicators of Economic Development are essential metrics used to evaluate the progress and overall well-being of a country or region. These indicators assess various dimensions of development, including economic, social, and environmental factors, to provide a comprehensive view of a nation’s development. Key indicators include health, education, standard of living, and sustainability, helping policymakers identify areas for improvement. Commonly used indicators include the Physical Quality of Life Index (PQLI), the Human Development Index (HDI), and the Sustainable Development Goals (SDGs), each focusing on different aspects of human development and quality of life. These indicators are crucial for guiding policy decisions and ensuring balanced and inclusive growth.