Developed economies’ average overall inclusive growth score is nearly double that of developing ones
Economic performance, living conditions and equality, 2023
UN Trade and Development, UNCTADstat.
The figure compares equality (x-axis) and living conditions (y-axis). The size of the bubbles refers to the score for economy.
In general, higher levels of inclusive growth are associated with more economically advanced economies. Developed economies’ average overall score on inclusive growth is nearly double that of developing ones – some gaps are narrowing.
Developed economies like Luxembourg, Norway and Denmark continue to lead the overall index. Singapore and the United Arab Emirates are the only developing economies in the top 30. But a closer examination reveals strong performances by developing economies in different components.
For example, Singapore outperforms many developed economies in living conditions, scoring 97.1. Similarly, Chile, China, Thailand, the UAE and Uruguay all score above 80 – much closer to the developed economy median (89.3) than the Global South’s 46.4 median.
On equality, economies such as the UEA (91.4), Belarus (87.4), Azerbaijan (73.7) and China (71.4) are on par with the developed economy median (73.5), far exceeding the 37.4 median for developing economies.