By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: BiH in the Category of Countries with high Development
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > BiH in the Category of Countries with high Development
BUSINESS

BiH in the Category of Countries with high Development

Published: March 27, 2024
Share
SHARE

The human development index of Bosnia and Herzegovina for the year 2022 is 0.779, which ranks it 80th on the list of 193 countries and territories included in the report, and in the category of highly developed countries.

These are the results of the latest human development report presented by the United Nations Development Program (UNDP): Human Development Report 2023/2024.

The Human Development Index (HDI) measures the average of long-term progress in three basic dimensions of societal development: life expectancy, education and gross national income per capita.

According to this parameter, countries are ranked in several categories, from those with low to those with very high human development.

The HDI value in Bosnia and Herzegovina increased from 0.656 to 0.779 between 2000 and 2022, which represents an increase of 18.8 percent.

According to the latest Human Development Report, life expectancy in Bosnia and Herzegovina is 75.4, which is 0.9 years more than in 2000. Citizens of Bosnia and Herzegovina spend an average of 10.54 years in school, or 4.42 years more than in 2000.

Gross national income per capita (GNI – purchasing power parity expressed in US dollars) has increased by about 122.6 percent compared to 2000 and is 16,571 in 2022.

Of the surrounding countries, the best placed is Slovenia, which is in 22nd place, and among the highly developed countries are also Croatia (39), Hungary (47), Montenegro (50), Romania (53) and Serbia (65). A category lower, among the highly developed countries are Bulgaria (70), Albania (74) and North Macedonia (83).

As the country with the highest Human Development Index, Switzerland tops the list, followed by Norway, Iceland and Hong Kong, while Denmark and Sweden share fifth place.

The impact of the decline in human development is particularly prominent in Afghanistan and Ukraine. Afghanistan’s HDI has regressed in ten years, while Ukraine’s HDI has fallen to its lowest level since 2004.

*Increasing political polarization and mistrust block solutions to global challenges*

The 2023/24 Human Development Report, titled “Breaking the Blockade: Redefining Cooperation in a Polarized World,” reveals a worrying trend: the recovery in the Human Development Index (HDI) is partial, incomplete and uneven.

HDI is projected to reach a record high in 2023, after a large decline in 2020 and 2021, however, this progress is very uneven. Rich countries have a record high level of human development, while half of the poorest countries remain below the level of development they were at before the start of the crisis.

Global inequalities are accompanied by a significant concentration of the economy. As noted in this report, nearly 40 percent of global goods trade is concentrated in three or fewer countries, while in 2021 the market capitalization of each of the world’s three largest technology companies exceeded the gross domestic product (GDP) of more than 90 percent of countries. of the world in that year.

“The widening gap in human development revealed in this report shows that the direction of a two-decade trend of steadily decreasing inequality between rich and poor nations has now reversed. Despite our deeply interconnected global societies, we we do not achieve success. We need to use our mutual dependence, as well as the ability to deal with common and existential challenges, and in this way make sure that what people strive for is achieved,” said Achim Steiner, UNDP administrator.

The report suggests that international collective efforts are being thwarted by an ever-present “democratic paradox”: while nine out of 10 people in the world support democracy, over half of respondents globally also express their support for leaders who undermine democracy by disregarding the basic rules of the democratic process, and on what the data analyzed in the report indicate. Half of people surveyed around the world say they have little or no control over their lives, while two-thirds of those surveyed believe they have little influence over their governments’ decisions.

Political polarization and its global consequences are also a growing cause for concern. According to the authors of this report, in addition to feelings of helplessness, it stimulates inward-looking political approaches – which is in stark contrast to the global cooperation needed to respond to urgent problems such as the decarbonisation of our economies, the misuse of digital technologies and conflicts. This is particularly disturbing when considering the record high temperatures during 2023, which emphasizes the urgency of united action in the fight against climate change, as well as the progress of artificial intelligence as a new frontier area of technology, which is rapidly developing, with insufficient or non-existent legal restrictions.

Who are the winners of the international Startup Competition BETAPITCH Mostar?
The IMF Delegation visited the Central Bank of BiH
What is the Number of Persons in paid Employment in BiH?
IMF With RS Ministry of Finance on Sixth Review of Stand-By Arrangement
Spark: Positive Results of using VRET Product at the Phobius Polyclinic in Vienna
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article An increase in the Number of Syrian Citizens going to Austria and Germany is expected
Next Article An unknown Person activated an explosive Device in Sarajevo
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Hari Secic Directs Bosnia and Herzegovina’s Oscar Entry ‘The Widower’
September 18, 2026
Police seized 12 kg of Drugs, Two Persons arrested in Sarajevo
September 18, 2026
Director of BiH Border Police and the Czech Ambassador Discuss Current Migration Trends
September 18, 2026
USC Prosecutor’s Office and the US Embassy Discuss Continuation of Cooperation and Support for the Judiciary
September 18, 2026
Miners without Health Insurance Once Again: Debts Transcend 175 Million BAM
September 18, 2026
BiH State Minister Stasa Kosarac Kisses the Grave of the War Criminal Ratko Mladic
September 18, 2026
Minister Forto: Issuance of Visas for Drivers from BiH begins
September 18, 2026
A large Parade of Police Forces “From the first Call to the Defense of the State”
September 18, 2026
COM EUFOR Highlights Operational Importance of Women, Peace and Security at Sarajevo Summer School
September 18, 2026
VIK announces Night Water Reductions in the entire Sarajevo Canton
September 18, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?