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.
Read alsoCycle turn in Hungary’s property market
Source: napi.hu, hdr.undp.org
4 Comments
Success: bottom 3 when comparing to other EU countries – and in a declining trend.
Context is everything, Mercédesz.
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Dear Legion, that is absolutely true. We did not state the opposite. Thank you for your remark and thank you for reading us.
The article I CHALLENGE.
Its representation of Hungary – Incorrect.
Hungary – 9.6 million people.
Hungary – globally it is known, widening in its KNOWLEDGE the Humongous MESS that is the Economic & Financial “Place” that Hungary.
Hungary – examining Social Inequality & Social Equality in Hungary – represents FACTUALLY componentry in the Hungarian “way of life” – the structures of our Civilian life, that ALL indicators FORCEFULLY are TRENDING downwards.
“The Rich continue to get Richer and the Poor – POORER.”
The SOCIAL Gap – WIDENS.
The HDI is largely a pass/fail measure and shouldn’t be a ranking system. Literacy, for example, is hardly a measure of a nation’s education system and the professional opportunities thereafter. Just ask the Cubans. GDP should at least be adjusted for purchasing power parity, because we all know one can live well on 1.500.000ft/mo in BP but it would be more challenging in NYC.
The gist of all these rankings (most liveable cities, etc) is to say there’s more to success in life than, say, what America has done, because while, for example, San Francisco has all that wealth it also has all those homeless. The issue I have with that assessment is, say, if 95% of highly skilled workers polled said they’d rather live in the Bay Area than Lower Austria, why does Vienna top the list? I mean, Bécs isn’t a highly valued place to live among people who have options.
Back to this HDI list, it’s really not an achievement for a central European country to be battling it out with Argentina on much of anything, except of course the football pitch.