EL GROSS DOMESCTIC PRODUCT

Economics:

INTRODUCTION:

GDP per capita

Ginis index

Human development index

Gross national happiness

WHAT IS GDP PER CAPITA?

It is an economic indicator that measures the relationship between a country's income level and its population.

To do this, you have to divide the gross domestic product (GDP) of the territory between the number of inhabitants.

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GINIS INDEX:

The Gini coefficient is a measure of statistical dispersion intended to represent the income or wealth distribution of a nation's residents, and is the most commonly used measure of inequality.

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HUMAN DEVELOPMENT INDEX:

The HDI was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone.

The HDI can also be used to question national policy choices, asking how two countries with the same level of GNI per capita can end up with different human development outcomes.

The Human Development Index (HDI) is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.

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GROSS NATIONAL HAPPINESS:

Gross National Happiness (GNH) is considered far more important than Gross National Product (GNP). Since the beginning of planned development, the focus of the country is placed on enriching people's lives, improving their standard of living and in augmenting people's economic, spiritual and emotional well-being.

Top 5 countrys by its GDP:

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UNITED STATES:

POSITION IN GDP PER CAPITA:

• The gross domestic product of the United States in 2016 has grown 1.6% for 2015.

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GINIS INDEX:

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HUMAN DEVELOPMENT INDEX IN UNITED STATES:

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GROSS NATIONAL HAPPINESS:

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CHINA:

POSITION IN GDP PER CAPITA:

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GINI INDEX:

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HUMAN DEVELOPMENT INDEX:

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GROSS NATIONAL HAPPINESS:

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JAPAN:

POSITION IN GDP PER CAPITA:

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GINI INDEX:

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HUMAN DEVELOPMENT INDEX:

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GROSS NATIONAL HAPPINESS:

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GERMANY:

POSITION IN GDP PER CAPITA:

The gross domestic product of Germany in 2016 has grownby 1.9% from 2015. A rate is 2 tenths higher than the 2015, which was 1.7%.

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GINI INDEX:

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HUMAN DEVELOPMENT INDEX:

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