ECONOMICS
ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Niger
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Norway
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Nigeria
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Netherlands
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Detailed explanation-1: -Here are the 10 countries with the highest HDI in 2021: Switzerland-0.962. Norway-0.961. Iceland-0.959.
Detailed explanation-2: -Rich Economy: It is actually known for being the place with the highest living standards, and its rich economy is one of the major reasons. It is fueled by oil and gas exports which not only makes it extremely efficient and stable, but also helps it to be one of the richest countries for many many more years to come.
Detailed explanation-3: -Human Development Index (0-1) The average value for Norway during that period was 0.918 points with a minimum of 0.793 points in 1980 and a maximum of 0.961 points in 2021. The latest value from 2021 is 0.961 points. For comparison, the world average in 2021 based on 186 countries is 0.721 points.
Detailed explanation-4: -Norway has the second highest Human Development Index ranking in the world, previously holding the top position between 2001 and 2006, and between 2009 and 2019; it also has the second highest inequality-adjusted ranking per 2021.