Extra task: GDP and other indices

In the social economy, we have talked about several different indices - that is, different ways of measuring the economy of countries.

• GDP
• GDP per capita
• GDP per capita (PPP)
• Gini coefficient
• Human development index
• Gender development index

In this task you will compare two countries:India andAustralia.

Look at the table below, and answer the four questions. Imagine writing the answer to someone who doesn't know much about different indexes! So: explain what the different concepts mean.

Start from the information on pages 291-293 in the booklet Samhllsekonomi.

	India	Australia
GDP	3,468,566,000,000 (USD)	1,724,787,000,000 (USD)
GDP per capita	2,466 (USD)	66,408 (USD)
GDP per capita (PPP)	8,293 (USD)	62,192 (USD)
Gini coefficient	0.35	0.34
Human development index (HDI) )	132nd in the world	5th in the world
Gender development index (GDI)	153rd in the world	53rd in the world

1. India has a much higher GDP than Australia, but Australia has a much higher GDP per capita. What does this mean?

1. Australia has roughly the same GDP per capita and GDP per capita (PPP). India, on the other hand, has almost four times greater GDP per capita PPP compared to GDP per capita. Where does this mean?
2. What does it mean that the countries have almost the same gini coefficient?
3. Australia is almost at the top of the list of countries with the best HDI, but much further down the list of countries with the best GDI. What does that mean?