Download Economic Indicators

LEVELS OF ECONOMIC
DEVELOPMENT USING
INDICATORS
Less developed
• Less developed- refers to the nations with the
lowest indicators of development; generally
characterized by high poverty rates, low GDP, low life
expectancy rates, low literacy rates and high infant
mortality rates
Newly developed
• Newly developed- refers to nations that are
experiencing economic shifts towards more
industrialization and exportation of products;
generally characterized by rising rates of urbanization
and data that is not as low as those in less developed
nations, but not as high as data indicators in more
developed nations
More developed
• More developed –refers to nations with highly
industrialized economies; generally characterized by
low rates of poverty, high GDP, high life expectancy
rates, high literacy rates and low infant mortality rates
Economic
Indicators
• GDP – value of all items produced by a country in a year.
• GDP per capita – value of all items produced by a country in a
year divided by the population
• Poverty Rates – Number of people living below the poverty line.
(amount set by the country)
• Literacy Rate – percentage of people in a country who can read or
write
• Infant Mortality Rate – number of babies that die before a certain
age.
• % of population in agricultural, manufacturing or service
industries
• Life expectancy – the age to which a person in each
country can expect to live.
• Urban density – the percentage of a country’s
population that lives in urban areas.
• % of population under 15