Azerbaijan is 2nd among developing countries for inclusive development index
By Laman Ismayilova
The World Economic Forum released its ranking of 109 countries in its "Inclusive Development Index", which measures countries for inclusive development and the results are derived by looking at 12 key performance indicators of inclusive development under three pillars.
Azerbaijan is placed second in the list of 79 developing
economies in the inclusive development index, according to a WEF
report. IDI of Azerbaijan amounted to 4.73 points at WEF in
2017.
Lithuania topped this year’s list of developing countries with the
same score of 4.73 points, but the country was ahead of Azerbaijan
in terms of economic growth and development over the past five
years. Hungary took the third place in the list with 4.57
points.
On this indicator Azerbaijan is ahead of many CIS countries, where Russia stood at 13, Kazakhstan at 17, Georgia at 31, Ukraine at 47 and Armenia at 57 places.
Norway (6.02 points), Luxembourg (5.86 points) and Switzerland (5.75 points) topped the list of developed countries in terms of IDI.
The IDI presented in this report was calculated by giving equal weight to three pillars – growth, inclusion and intergenerational equity – as well as the 12 indicators therein. This index measures a total of 109 countries for inclusive development.
The IDI conveys a more integrated sense of the relative state of economic development – and recent performance – than conventional rankings based on GDP per capita alone.
Some countries score significantly better on the IDI than on the basis of GDP per capita, suggesting they have done a relatively good job of making their growth processes more inclusive. By contrast, other countries have significantly lower IDI rankings than GDP per capita rankings, indicating that their growth has not translated as well into social inclusion.
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