Success: Hungary on the list of countries with high prosperity

Hungary is among the very high wealth countries in terms of gross domestic product, life expectancy at birth, literacy and education. An African country is the poorest, while Switzerland is at the top of the list.

HDI

The Human Development Index (HDI) was introduced by the United Nations in 1990. It measures a country’s social well-being, which first fell during the coronavirus epidemic and has now fallen again. Hungary is high on the prosperity list, napi.hu reports.

The HDI indicator aims to measure a country’s performance not by economic growth, like GDP, but by the well-being of its people. The HDI measures well-being by taking into account gross national income, life expectancy at birth, literacy and education, in addition to living standards.

Hungary ranks high

To calculate the Human Development Index, experts used a complex formula, the news portal writes. The higher the value, the better the country ranks on the welfare ladder. There are four categories: low, medium, high and very high.

Hungary ranks 46th, among countries with very high prosperity.

Switzerland ranks the highest on the list, while South Sudan ranks the lowest this year.

• Read also: Beer prices increased drastically in Hungary

GII and MPI

In addition to the HDI index, other information on countries is also available. These include the GII (Gender Inequality Index). It measures gender gaps and takes into account, for example, differences in the labour market or reproduction rates. The lower the index, the lower the inequality between women and men. According to the latest data for 2021, gender inequality was lowest in Denmark and highest in Yemen.

Another important social indicator is the Multidimensional Poverty Index (MPI). It measures the dimensions of poverty in a given country. The index takes into account ten dimensions, including access to sufficient food and clean drinking water, child mortality rates, and years of education. It shows that Niger is the poorest country.

Source: napi.hu, hdr.undp.org