7 Social Indicators used for International Benchmarking | Analysis | Essay | Grade 12 Economics Exam

In this video, we will discuss 7 social indicators that are used for international benchmarking.

These 7 social indicators are demographics, human development index, human poverty index, health & nutrition, education, services, and housing & urbanisation.

Demographics:
Demographics refers to the characteristics of a population, such as its size, age structure, gender distribution, and level of education. Demographic indicators are important for international benchmarking because they can help us to understand the different challenges and opportunities that different countries face. For example, a country with a young population may have a high demand for education and healthcare services, while a country with an aging population may have a need for more social security and retirement programs.

Human Development Index:
The Human Development Index (HDI) is a composite measure of life expectancy, education, and income per capita. The HDI is used to rank countries according to their level of human development. Countries with a high HDI are considered to be more developed, while countries with a low HDI are considered to be less developed.

Human Poverty Index: The Human Poverty Index (HPI) is a measure of the extent to which people in a country are deprived of the basic necessities of life. The HPI is calculated based on indicators such as life expectancy, education, and income. Countries with a high HPI are considered to be more impoverished, while countries with a low HPI are considered to be less impoverished.

Health & Nutrition:
Health and nutrition are essential for human well-being. Social indicators that measure health and nutrition include life expectancy, infant mortality rate, under-5 mortality rate, and malnutrition rates. These indicators can help us to understand the health status of a population and to identify areas where there is a need for improvement.

Education:
Education is another important social indicator. Social indicators that measure education include literacy rates, school enrollment rates, and dropout rates. These indicators can help us to understand the level of educational attainment in a population and to identify areas where there is a need for improvement.

Services:
Services are essential for the well-being of a population. Social indicators that measure services include access to healthcare, education, and other essential services. These indicators can help us to understand the level of access to services in a population and to identify areas where there is a need for improvement.

Housing & Urbanisation:
Housing and urbanisation are also important social indicators. Social indicators that measure housing and urbanisation include the number of people living in slums, the number of people living in informal settlements, and the rate of urbanisation. These indicators can help us to understand the state of housing and urbanisation in a population and to identify areas where there is a need for improvement.

Importance of Social Indicators

Social indicators are important for a number of reasons. First, they can help us to understand the level of development of a country. Second, they can help us to identify areas where there is a need for improvement. Third, they can help us to track progress over time. Finally, they can help us to compare different countries.

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