The total amount of public expenditure on education. Public spending on education includes direct expenditure on schools, universities, and other types of educational institutions, as well as educational-related public subsidies.
The GDP per capita is calculated by dividing the total GDP by the number of people living in the country. A higher GDP per capita indicates a superior standard of living.
Low unemployment rate indicates better career opportunities and economic growth. Source: Wikipedia, 2021; city's official stats, 2021.
Also known as government debt or national debt, public debt refers to the sum of all government borrowings owed to lenders within the country.
The total amount of public and private health expenditure on medical and paramedical services.
The number of young people with ages between 15-24 who are unemployed during a specific year. The youth unemployment rate is calculated as a percent of the total youth labor force.
The real GDP growth rate represents the year-over-year GDP growth, calculated by taking into account the price fluctuations caused by inflation.
The Gross Domestic Product (GDP) reflects the value and productivity of an economy. It measures the market value of all the final goods and services produced annually. To reflect the differences in the cost of living and inflation rates, we show the GDP at purchasing power parity (PPP). Sources: Wikipedia, CIA World Factbook, 2021.
The inflation rate represents the annual price increase for goods and services, indicating a decrease in the purchasing power of a country’s currency.