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April 2013

Ethiopia’s HDI shows an impressing progress, but only when it is compared to its own figures of the past

Bisrat Teshome, Special to Addis Standard, (@Bisree) 

 

For many years economists around the world have differed over what exactly constitutes good measures of human wellbeing and development. Owing to that the closest measurement agreed by many was the use of Per Capita Income (PCI) as the main tool for evaluating human wellbeing based on national incomes. PCI is defined as a measure of the amount of money that is being earned per person in a certain area. It can also be defined as an average earning per person in a given country and is calculated by dividing the total income of the country by the number of its people.