SDG 8 · Indicator
Adjusted GDP growth index
worst 0-100 best
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Ratings provide a visual representation of a country’s performance on the indicator.
Legend
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SDG achieved
Challenges remain
Significant challenges remain
Major challenges remain
Information unavailable
Description
The index measures the growth rate of GDP adjusted according to income levels (whereby rich countries are expected to grow less). The growth rate since 2015 was calculated where GRa=(At/A2015)^(1/(t-2015))-1 and where GRa is the growth rate for country A and At is the GDP per capita data for the year t in country A. The adjustment is as follows : ADJa= [GRa-(GRhic - 0,015*log(A2015/hic2015))] * 100, where GRhic is the average growth rate of high-income countries since 2015 and hic2015 is the average GDP per capita of high-income countries in 2015. The data was then normalized into an index using a min-max normalization and 5 as the upper limit and -15 as the lower limit.
Long-Term Objective
The long-term objective for this indicator is a value of 100.
Reference
World Bank