How Does World Bank Measure Development?

UNDP uses the Human Development Index (HDI) as the main criterion for measuring development. This criterion takes into consideration other development indicators like literacy level, life expectancy, besides per capita income. Whereas, the World Bank compares the different countries only on the basis of the income criterion.

Which is the World Bank collection of development indicators?

World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.

What kind of data does the World Bank use?

World Development Indicators (WDI) is the primary World Bank collection of development indicators, compiled from officially recognized international sources. It presents the most current and accurate global development data available, and includes national, regional and global estimates.

Which is a better measure of development developed or developing?

Despite shortcomings of per capita income as a measure of development, the World Bank, International Monetary Fund (IMF) and other international agencies consider developed and developing countries in terms of Gross National Income (GNI) per capita.

How does the World Bank help the world?

The World Bank Group works in every major area of development. We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. Development Projects Projects By Country By Sector

Similar Questions

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