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Economic Indicators Gross Domestic Product (GDP) In the 1990’s, most government accounting switched to GDP, which is the measurement of the value of all goods and services produced in the country. GDP per capita This is a measure of the average income per person in a country. This is found by dividing the total GDP by the population. GNI GNI comprises the total value produced within a country (i.e. its gross domestic product), together with its income received from other countries (notably interest and dividends), and less similar payments made to other countries. Human Development Index (HDI) Measure of the extent to which a government equitably provides its people with a long and healthy life, an education, and a decent standard of living. Purchasing Power Parity (PPP) Purchasing power is the value of goods and services that can be purchased with one unit of a country’s currency. Purchasing power parity is the relative ability of two countries’ currencies to buy the same “basket” of goods in those two countries. Import/Export Statistics This measures the dollar value of imports or exports of an economy. This can be tracked over time for growth or compared to other countries. Inflation Inflation is the increase in prices in an economy that results in a decline in purchasing power for consumers. This raises the prices for businesses in raw materials, capital, and labor as well as affecting the ability of consumers to purchase their products. Income Distribution Markets can be characterized by the distribution of income among the population. This tries to measure how many of the population has money and in what percentage. It can also refer to low, middle and upper income class. Where are they? World Bank Site of Economic Indicators Big Mac Index for PPP and FXsite Human Development Reports