ArmInfo. In the index of the inclusive development of the World Economic Forum (WEF), Armenia ranked 45th among developing countries, between Guatemala and Honduras, with the final score of 3.66, having increased its positions over the past 5 years by 0.62 points.
At the World Economic Forum (WEF) recently opened in Davos, it was proposed to consider this index as an alternative system for assessing the economic development of countries, which is called a more modern analogue of the gross domestic product (GDP), the main economic indicator that determines the country's position in the world. The new system was called an index of inclusive development (Inclusive Development Index). According to the idea of the WEF, it must "inform society and help sustainable and inclusive economic development". According to the experts of the WEF, this indicator more fully reflects the real state of affairs, since it takes into account not only GDP, but also 11 parameters divided into three groups. In each group, the absolute value and dynamics are given from minus 20% to plus 20% for 5 years according to the results of 2016.
In the first, growth and development are analyzed. In terms of GDP per capita, Armenia grew 3.1% to an absolute of $ 3,925, a 2.1% increase in labor productivity to $ 18,877, a healthy life expectancy of 2.6 years, to 66.9 years, and employment, just 1.0% to 52.9 % of the population.
In the second group, inclusiveness is analyzed: the country received 36.0 by the level of the society stratification by income (Gini coefficient), having increased by 0.5%. The poverty level was 15.5% down by 7.6%, in terms of the level of the stratification of society from the point of view of wealth distribution, the Gini coefficient of Armenia remained at the level 58.3, down 5.6%, the median income level was $ 5.7, adding only $ 1.0 for 5 years.
The third group analyzes the continuity of generations and the sustainability of development. So, according to the adjusted net savings, Armenia received minus 3.7%, on the greenhouse intensity the country received 43.3kg on $ GDP with an increase of 3.0%. The burden of the national debt is estimated at 51.8% of GDP with an increase of 15.3%, the demographic load factor is estimated at 44.9% with growth of 1.5%.
In the top three developing countries in the "inclusive ranking", Latvia, Hungary and Azerbaijan are the common scores, and the list is closed from more than 100 countries of Cambodia, Kenya and Morocco.