5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

PHL retreats four places in Human Dev’t Index ranking

by
May 6, 2025
in Stock
0
PHL retreats four places in Human Dev’t Index ranking
PHILIPPINE STAR/EDD GUMBAN

THE PHILIPPINES fell four spots on the Human Development Index (HDI) rankings, coming in at 117th in the 2023 evaluation, despite posting improving scores, the United Nations Development Program (UNDP) said.

In a statement, the UNDP said the Philippine score improved to 0.720, up from 0.714 in 2022 and 0.690 in 2019.

The index gauges a country’s health, education and standard of living.

“The Philippines’ HDI value for the year 2023 climbed to 0.720, reflecting an increase of 1.4% from the 2022 level; however, it remains below the average HDI for the East Asia and Pacific region,” the UNDP said in a statement on Tuesday.

The Philippines scored below East Asia and the Pacific’s average of 0.775 and the global average of 0.756.

Among neighboring countries, human development levels were “very high” in Hong Kong (8th), Singapore (13th), and Brunei Darussalam (60th).

The Philippines had a “high” human development level, as did Malaysia (67th), Thailand (76th), Vietnam (93rd), Indonesia (113rd) and Timor-Leste (142nd).

On the other hand, human development was classified as “medium” in Laos (147th), Myanmar (150th), and Cambodia (151st).

“Instead of seeing sustained recovery following the period of exceptional crises of 2020-2021, the report reveals unexpectedly weak progress. Excluding those crisis years, the meagre rise in global human development projected in this year’s report is the smallest increase since 1990,” the UNDP said.

The report also found that while global development is decelerating at an alarming rate, inequalities continue to widen between rich and poor countries.

“As traditional paths to development are squeezed by global pressures, decisive action is needed to move the world away from prolonged stagnation,” it said.

Life expectancy at birth is at 69.8 years in the Philippines, according to the Human Development Index. The expected years of schooling for Filipinos is 12.8, with the mean years of school is 10.

The Philippines also ranked 92nd in the gender inequality index with a score of 0.351, while its gender development score stood at 0.966.

The report also found that half of respondents worldwide think their jobs can be automated.

“An even larger share — six in ten — expect AI to impact their employment positively, creating opportunities in jobs that may not even exist today,” she said.

Around 13% of survey respondents fear artificial intelligence (AI) could lead to job losses while in low- and medium-HDI countries, 70% expect AI to increase their productivity. Two-thirds anticipate using AI in education, health, or work within the next year.

“The choices we make in the coming years will define the legacy of this technological transition for human development,” Pedro Conceição, director of UNDP’s Human Development Report Office, said.

“With the right policies and focus on people, AI can be a crucial bridge to new knowledge, skills, and ideas that can empower everyone from farmers to small business owners.” — Aubrey Rose A. Inosante

Previous Post

Intra-regional trade seen shielding PHL ports from worst of US tariffs 

Next Post

Stocks rebound as inflation sharply slows in April

Next Post
Stocks rebound as inflation sharply slows in April

Stocks rebound as inflation sharply slows in April

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    How The Canadian Academy of Osteopathy Is Reshaping Osteopathic Education

    July 14, 2025
    30 manufacturing projects in the works

    30 manufacturing projects in the works

    July 14, 2025
    PHL banks fail to meet MSME lending quota in Q1

    PHL banks fail to meet MSME lending quota in Q1

    July 14, 2025
    Experts say Philippines now ‘back on the radar’ of Taiwanese firms

    Experts say Philippines now ‘back on the radar’ of Taiwanese firms

    July 14, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.