!"#$%&'()*+,*-.*-/"*!"#$%&"0"(-*1&.23"0
!
!"#$%&'#$&($)*+*,)*,-)$,.$#/,0#.-#12+)#0$3&',-415+6,.7
!"#$%& '(()
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
!!!"#$%&'()"*%+
!"#$%&'()*+,*-.*-/"*!"#$%&"0"(-*1&.23"04 5/"*6.3"*.7*8-#-'$-'9$*'(*:;'<"(9"=>#$"<*1.3'9?=0#@'()
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
@.:&$,*&$,58*&+-*8%&5,+5*5#+5#'+,*8%,%++%&5#*/,9.8,%99%'( 5#"%, -./#'0(1*2#&3, (, *, &%'%++*80, -*85, .9, 57%, %&*)/#&3 %&"#8.&1%&5, 9.8, #1-8."#&3, $%"%/.-1%&5, .:5'.1%+; A7%8%,#+,8*8%/0,*,+#1-/%,/#&2,)%56%%&,+5*5#+5#'+,*&$,57% *$.-5#.&, .9 , *, -*85#':/*8, -./#'0;, B./#'0(1*2%8+, .95%& $8*6,$#99%8%&5,-./#'0,'.&'/:+#.&+,98.1,57%,+*1%,+%5,.9 $*5*=, .6#&3, 5., $#99%8%&'%+, #&, 57%, 50-%, .9, *&*/0+#+, :&( $%85*2%&,*&$C.8,5.,$#99%8%&'%+,#&,"*/:%,D:$31%&5+,*).:5 -./#'0, .)D%'5#"%+;
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
:,;'"3#$930$41-'$('3,4 32'%.'930$.'"'%.%I,-:)/#' -./#'0,$%'#+#.&+,*8%,1*$%,5.,+*5#+90,-*85#':/*8,/.)( )#%+=,#&5%8%+5,38.:-+,.8,%/#5%+;
!
<,""-&.0,$I, -./#'0(1*2%8+, 1*2%, $%'#+#.&+, 67#'7 9*".:8,-*85#':/*8,#&$#"#$:*/+,.8,38.:-+,#&,.8$%8,5. 1*4#1#+%,57%#8,-8#"*5%,3*#&;
!
:,10.0(#1309',1,8)I,-./#'0(1*2%8+,*8%,3:#$%$,#&,57%#8 $%'#+#.&+, )0, *$7%8%&'%, 5., -*85#':/*8, -./#5#'*/, )%( /#%9+, .8, #$%./.3#%+, 67#'7, *8%, 8%/*5#"%/0, #1-%8"#.:+ 5., %1-#8#'*/, %"#$%&'%;
!!!"#$%&'()"*%+
!
!
+"/0."#"0$'%%I, #&, 57%, *)+%&'%, .9, '/%*8, '8#5%8#*, )0 67#'7, 5., 5*2%, $%'#+#.&+=, .8, .9, *&0, -8.'%++, .9, *'( '.:&5*)#/#50I,.&%,'*+%,#+,58%*5%$,.&%,6*0=,):5,*,"#8( 5:*//0, #$%&5#'*/, '*+%, #+, 58%*5%$, $#99%8%&5/0; =%'3,4,#$'(9,.#13'209'$('3*+,*,)*+#+,9.8,1*2#&3 -./#'0;
J.&%,.9,57%+%,*8%,'.&+#+5%&5,6#57,58*&+-*8%&5,*&$,*'( '.:&5*)/%,$%1.'8*5#',-./#5#'*/,-8.'%++%+=,&.8,*8%,57%0 /#2%/0,5.,/%*$,5.,%E:#5*)/%=,%99#'#%&5,*&$,%99%'5#"%,-./#'0 .:5'.1%+;
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
-%&$#5:8%+=,1.&#5.8,-./#'0,#1-/%1%&5*5#.&,*&$,%"*/:( *5%, -./#'0, #1-*'5; H#&*//0=, 8%'%&5, #92#$('%3 0$3 0$4,"6#.0,$3 #$93 (,65 6-$0(#.0,$%3 .'(C$,1,8)=, +:'7, *+, 57%, <&5%8&%5=, 1.( )#/%, 5%/%-7.&0, *&$, HM, 8*$#., +5*5#.&+=, 7*"%, #&'8%*+%$ 57%,-8%++:8%,9.8,%"#$%&'%()*+%$,-./#'0,1*2#&3,*+,3."( %8&1%&5+,*8%,$8*6&,#&5.,*,)8.*$%8,*&$,1.8%,#&5%&+% $#*/.3:%,6#57,57%,-8#"*5%,+%'5.8,*&$,'#"#/,+.'#%50=,*&$ *8%,#&'8%*+#&3/0,'7*//%&3%$,5.,%4-/*#&,*&$,D:+5#90,57%#8 *'5#.&+;
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
!!!"#$%&'()"*%+
#
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
$ 4"#$%&%'(%')(#%*#'01*56#%+,#/,('70#&0/ )+*'),#*1#.*-')2 Q&'%,*,-./#'0,#++:%,7*+,)%%&,#$%&5#9#%$=,57%,&%45,+5%#+,5.,:&$%85*2%,+.1%,*&*/0+#+=,+.,57*5,57%,%45%&5,*&$ &*5:8%,.9,57%,-8.)/%1,'*&,)%,:&$%8+5..$;,A7#+,:&$%8( +5*&$#&3,-8."#$%+,57%,)*+#+,9.8,*&0,+:)+%E:%&5,-./#'0 8%'.11%&$*5#.&+; X*8#.:+,5%'7&#E:%+,*8%,:+%$,5.,5*83%5,-."%850,*&$,":/( &%8*)#/#50,5.,$%5%81#&%,'.+5(%99%'5#"%,%4-%&$#5:8%,-8#( .8#5#%+, 98.1, *, /#1#5%$, ):$3%5;, H.8, #&+5*&'%=, &,2'".) 6#&%3 #"'3 &",9-('93 .,3 "#$73 1,(#10.0'%3 /)3 $''9,)0 '.1)#&#&3, B.-:/*5#.&, P%&+:+, $*5*, 6#57, #&9.81*5#.& .&,'.&+:1-5#.&,%4-%&$#5:8%,98.1,7.:+%7./$,+:8"%0+; >.6%"%8=, 57%#8, "*/#$#50, $%-%&$+, '8:'#*//0, .&, 57%, *'( ':8*'0, *&$, '.&+#+5%&'0, .9 , 57%, $*5*, +.:8'%+;, H.8, #&( +5*&'%=, 0$3@#1#;0, %+5#1*5%+, .9 , 57%, +#F%, .9 , 57%, 8:8*/ -.-:/*5#.&,"*80,)0,*+,1:'7,*+,UYZ; [7%&,@,H#6/0D-'3%-44'"'939'2#%.#.0$8341,,9%,#& STTT=, #&9.81*5#.&, 98.1, 57%, \]]^, B.-:/*5#.&, P%&+:+ 6*+,:+%$,5.,$%+#3&,8%/#%9,%99.85+=,+.,*+,5.,%&+:8%,57*5 #&5%8&*5#.&*/, *#$, 6*+, *//.'*5%$, 5., )%+5, %99%'5;, @5*5#+(
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
G*+%$, .&, 57%, 9#&$#&3+, .9, 8%+%*8'7, +5:$#%+=, 57% :>NB>O?+PN:N>!=LFA+AO?3 &,2'".)5"'5 9-(.0,$3 &",8"#66'3 0$3 @'M0(,, 1*2%+, '*+7, 58*&+( 9%8+,5.,1.57%8+,8*57%8,57*&,5.,9*57%8+,5.,+%':8%,7#37%8 )%&%9#5+,5.,'7#/$8%&?+,7%*/57,*&$,%$:'*5#.&`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
!!!"#$%&'()"*%+
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b,*55%&$#&3,-8%(&*5*/,'/#&( #'+;, M.+5, .9 , 57%+%, '/#&#'+, *8%, /.'*5%$, #&, :8)*&, *8%*+= 67#/%,1.+5,.9 ,57%,-.-:/*5#.&,/#"%,#&,8:8*/,*8%*+,67#'7 *8%, )%0.&$, 57%, 8%*'7, .9, 1*&0, .99#'#*/, +5*5#+5#'+=, -*8( 5#':/*8/0,57.+%,.&,1.8)#$#50,*&$,1.85*/#50;
$.,&.5,7*"%,57%,+5*5#+5#'+,67#'7,6.:/$,*//.6,57%1,5. 58*'2,-8.38%++,5.6*8$+,57%,@011'$$0-63A'2'1,&6'$. B,#1%3KMNO+L;,A%&,0%*8+,8%1*#&,)%9.8%,57%,5#1%,7.( 8#F.&,+%5,9.8,1.+5,.9,57%,MNO+,#&,ST\Y=,):5,9#.#3#"' %.011360%%0$834,"36#$)37')30$90(#.,"%30$36#$)3(,-$5 ."0'%,*+,7#37/#375%$,)0,57%,STTU,>:1*&,N%"%/.-1%&5 W%-.85; Large data gaps even in basic human development indicators: countries lacking data, 1990–2001 Percent Indicator Children underweight for age
U"#)*%'))%01.*/'$+#,5%#$%$48^*/+%+1%4,/*.+'#,+;>%+"*%)'/Q%10 +#(*);>%'//4.'+*%',@%/1,$#$+*,+%('/.1*/1,1(#/%$+'+#$+#/$ ('Q*$%$4/"%*-*./#$*$%(1.*%"'a'.@14$%+"',%:14)@%1+"*.T :#$*%8*%+"*%/'$*G%!"*%1I*.:"*)(#,5%('^1.#+;%10%ND7<$ '.*%)1/'+*@%#,%=48T='"'.',%B0.#/'>%84+%1,);%*#5"+%/14,T +.#*$%#,%+"*%.*5#1,%/1I*.#,5%FF[%10%+"*%.*5#1,')%&1&4)'T +#1,% ',@% EM[% 10% .*5#1,')% _S7% '.*% /1,$#@*.*@% +1% "'I* #(&)*(*,+*@%+"*%6b%=;$+*(%10%b'+#1,')%B//14,+$%W=bBX (*+"1@1)15;%WFMMZXG%!"#$%#$%+"*%)1:*$+%.'+*%10 %/1(&)#T ',/*% 10 % ',;% .*5#1,% #,% +"*% :1.)@% ',@% $455*$+$% +"'+% #(T &.1I#,5%+"*%O4')#+;%10%('/.1*/1,1(#/%$+'+#$+#/$%#,%=48T ='"'.',%B0.#/'%$"14)@%8*%'%"#5"%&.#1.#+;G
9"#$%&%'(%')(#%*#6*0'%*5#.*-')2 '6.-,6,0%&%'*0 A7%,/*'2,.9 ,)*+%/#&%,$*5*,.8,.9 ,#&9.81*5#.&,.&,58%&$+ #+,*,+%8#.:+,#1-%$#1%&5,5.,#1-/%1%&5#&3,*,5*83%5($8#"%& $%"%/.-1%&5,+58*5%30;,H.8,#&+5*&'%=,1*&0,'.:&58#%+,+5#//
22
46
17
Children reaching grade five
96
46
Births attended by skilled health personnel Female share of non-agricultural wage employment HIV prevalence among pregnant women ages 15–24 in major urban areas
Population living on less than $1 a day
D,%FMMY>%+"*%*-+*.,')%&48)#/%@*8+%#,%01.+;%10 %+"*%:1.)@H$ &11.*$+% /14,+.#*$% 'I*.'5*@% (1.*% +"',% 014.% +#(*$% +"*#. ',,4')%*-&1.+%*'.,#,5$G%%_.1:#,5%/1,/*.,%#,%+"*%#,+*.,'T +#1,')% @*I*)1&(*,+% /1((4,#+;% 1I*.% !"#.@% U1.)@% @*8+ )*@%+1%+"*%)'4,/"%10%+"*%>%1:$4'?+,(#-(,'!77.'67"+8 -.%(2'@>?!6A'%+%-%/-%3(G%!"#$%100*.*@%@*8+%.*)#*0%+1%+"* &11.*$+%/14,+.#*$%#,%1.@*.%+1%.*@4/*%+"*#.%*-+*.,')%#,@*8+T *@,*$$%+1%$4$+'#,'8)*%)*I*)$>%+"*.*8;%"1&*04));%*,@#,5%+"* /;/)*%10 %@*8+%.*$/"*@4)#,5G%`,/*%'%5#I*,%'(14,+%10 %.*T )#*0%:'$%5.',+*@>%+"*%'$$1/#'+*@%@*8+%+.'^*/+1.;%1I*.%+#(* :14)@%#,@#/'+*%+"*%)#Q*)#"11@%+"'+%'%/14,+.;H$%5.1:+"%&'+" :'$%$4$+'#,'8)*%',@%+"'+%+"*%ND7<%#,#+#'+#I*%:14)@%'/"#*I* #+$%('#,%18^*/+#I*G
100
Countries lacking any data
Net primary enrolment ratio
Population with sustainable access to an improved water source
=(#-'2"2-/%+/#%$%-4'/+/$42%2
Countries lacking trend data
100
19
51
41
100
91
62
18
100
55
Note: Data refer to developing countries and countries in Central and Eastern Europe and the CIS. A country is defined as having trend data if at least two data points are available—one in 1990–95 and one in 1996–2001—and the two points are at least three years apart.
A7%,5*)/%,+7.6+,57*5,YY,'.:&58#%+,/*'2,#&9.81*5#.&,.& 57%, +7*8%, .9, 57%, -.-:/*5#.&, /#"#&3, .&, /%++, 57*&, V@a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
!!!"#$%&'()"*%+
%
1*2%, *, )*$, +#5:*5#.&, 6.8+%;, <&, 57%, 6%%2+, )%9.8%, 57% 9'2#1-#.0,$3,43.C'3@'M0(#$3&'%,,#&,N%'%1)%8,\]]b= 57%,G*&2,.9,M%4#'.,-:)/#+7%$,9#3:8%+,.&,9.8%#3&,':8( 8%&'0,8%+%8"%+,"%80,#88%3:/*8/0;,A7#+,-8%"%&5%$,9.8%#3& #&"%+5.8+,98.1,*++%++#&3,*'':8*5%/0,57%,-8.)/%1+,9*'( #&3,57%,%4'7*&3%,8*5%,8%3#1%;
B/+,7C%2/-%7+':($*2'-7'%,(+-%94'*7$%&4'%C*/&-D !"*%7C`_CA=BJ`7`C!6b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
E==E' /+,' F==E !"*%*-&*.#*,/*%10%+"*%3*-#/',%@*I')4'+#1,%:'$%',%#(T &1.+',+% 0'/+1.% )*'@#,5% +"*% D3c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d% :"#)$+% +"* _SS=%&.1(1+*$%/11.@#,'+#1,%'(1,5%+"*%I'.#14$%'5*,T /#*$%.*$&1,$#8)*%01.%+"*%&.1@4/+#1,%',@%@#$$*(#,'+#1,%10 100#/#')%$+'+#$+#/$%',@%&.1I#@*$%'%$1)#@%014,@'+#1,%1,%:"#/" +1%84#)@%'%&.15.'((*%+1%@*I*)1&%,'+#1,')%$+'+#$+#/$G
&
:"# $%&%'(%')(# %*# ,;&-3&%,# .*-')2# '6.&)% !"*/:*5#&3,-./#'0,#1-*'5,#+,1.8%,1%57.$./.3#'*//0,*&$ #&9.81*5#.&*//0, $%1*&$#&3, 57*&, 1.&#5.8#&3, -./#'0 #1-/%1%&5*5#.&; R, 8%'%&5, #%%'%%6'$.3 ,43 .C'3 06&#(.3 ,43 &"'5QF:< 6'#%-"'%3,439'/.3"'10'43)0,\]]^,'.1-*8%$,57%,/%"%/ .9, #&$%)5%$&%++, *&$, *, 8*&3%, .9, -./#'0, #&$#'*5.8+, #&, * 38.:-, .9, '.:&58#%+, *//, .9, 67#'7, 6%8%, /*5%8, '/*++%$, *+ ><BP+,6#57,K#L,$%)5,/%"%/+,#&,57%,+*1%,38.:-,.9,'.:&( 58#%+, #&, \]d], )%9.8%, $%)5, 8%/#%9, 6*+, 38*&5%$=, *&$, K##L -./#'0,#&$#'*5.8+,*1.&3,.57%8,c%++,N%"%/.-%$,P.:&( 58#%+,."%8,57%,+*1%,-%8#.$;,A7#+,%"*/:*5#.&,'.&'/:$%$ 57*5,K-8%(><BPL,$%)5,8%/#%9,1*0,8%+:/5,&%#57%8,#&,*,8%( $:'5#.&,.9,%45%8&*/,#&$%)5%$&%++,#&,57%,1%$#:1,5.,/.&3 8:&=,&.8,#&,#1-8."%$,%'.&.1#',-%89.81*&'%,)0,$%)5.8 '.:&58#%+; RC'#.541,-"3 "#.0,$3 %C,&%3 0$3 :#70%.#$, 6%8%, 9#&*//0 *)./#+7%$, #&, \]d^, *95%8, *&, %"*/:*5#.&, :&$%85*2%&, )0 <HBW<,#&,'.//*).8*5#.&,6#57,57%,B*2#+5*&,<&+5#5:5%,9.8 N%"%/.-1%&5,!'.&.1#'+,KB<N!L;,A7%,+5:$0,$%1.&( +58*5%$,57*5,-..8,'.&+:1%8+,.)5*#&%$,9%6,)%&%9#5+,98.1 57%,+7.-+,*&$,57*5,57%+%,)%&%9#5+,'.:/$,)%,+:--/#%$,*5 *,/.6%8,8%+.:8'%,'.+5;
A7%+%,%4*1-/%+,$%1.&+58*5%,57%, 06&,".#$('3,4 3 0$5 (,"&,"#.0$83#$3'M&10(0.36'(C#$0%634,"3'2#1-#.0$8 &,10()306&#(.30$.,3.C'39'%08$3,43#3&",8"#66';,@5*5( #+5#'#*&+,+7.:/$,)%,#&"./"%$,#&,57%,-./#'0,1*2#&3,-8.( '%++,*5,*&,%*8/0,+5*3%,5.,*$"#+%,.&,7.6,57%,#1-*'5,.9,* &%6, -./#'0, 6#//, )%, *++%++%$;, <&, +.1%, #&+5*&'%+=, 57#+ *++%++1%&5, 1*0, &%%$, 5., )%, :&$%85*2%&, *5, 8%3:/*8, #&( 5%8"*/+,."%8,1*&0,0%*8+;
=0;% $0% /7030$(% ()&*(+,(-.#'(*% /01&,23#4&+56 c.6(#&'.1%,'.:&58#%+,"*80,38%*5/0,#&,57%,E:*&5#50,*&$ E:*/#50,.9 ,#&9.81*5#.&,*"*#/*)/%,5.,-./#'0(1*2%8+=,*&$ #&,57%,%45%&5,5.,67#'7,57#+,#&9.81*5#.&,#+,:+%$;,<5,1*0 )%,:+%9:/,5.,$#+5#&3:#+7,9.:8,50-%+,.9,'.:&580I !
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
!
-.,.'&%//)01#$+&,(."+*2'#$%+,("*&;&#/"5.3:5&!"#1 "$!"$%!&#'(&)(#*<&"5(0&#'(&$+%'(#!$+:/0&3!(,&90&-./$%012#*1
!!!"#$%&'()"*%+
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
!
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
+#.&(1*2#&3=,5.3%57%8,6#57,57%,%+5*)/#+71%&5,.9,'/%*8 *''.:&5#&3,+5*&$*8$+,*&$,*&,%99%'5#"%,8%3:/*5.80,98*1%( 6.82,9.8,57%,-8#"*5%,+%'5.8,*8%,%++%&5#*/,%/%1%&5+,9.8 +:+5*#&#&3, *, "#85:.:+, '#8'/%, /#&2#&3, +5*5#+5#'#*&+, 5. -./#'0(1*2%8+;
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e:*/#50 R++%++1%&5,H8*1%6.82,KNeRHL=,*&$,.57%8,#&#5#*5#"%+ +:'7, *+, 57%, @5*5#+5#'*/, M*+5%8, B/*&+, K@MBL, -8.1.5%$ )0, 57%, [.8/$, G*&2=, *&$, 57%, M:/5#(*&&:*/, <&5%38*5%$ @5*5#+5#'*/,B8.38*11%+,KM<@BL,$%"%/.-%$,)0,!:8.+5*5; Q&,57%,$%1*&$,+#$%=,+%"%8*/,'.:&58#%+,7*"%,-8%-*8%$= .8,*8%,#&,57%,-8.'%++,.9 ,-8%-*8#&3,B."%850,M.&#5.8#&3 M*+5%8, B/*&+, KBMMBL, 67#'7, .:5/#&%, 57%, *'5#.&+, 8%(
!!!"#$%&'()"*%+
'
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
B+%,0+,1:'&0+ A7#+, 8%-.85, +7.6+, '/%*8/0, 57*5, /'..'"3 -%'3 ,43 /'..'" %.#.0%.0(%3 1'#9%3 .,3 /'..'"3 &,10()3 #$93 /'..'"3 9'2'15 ,&6'$.3,-.(,6'%;,M*2#&3,57%,58*&+#5#.&,5.,%"#$%&'%( )*+%$,-./#'0(1*2#&3,'*&,)%+5,)%,*'7#%"%$,578.:37,9.8( 1:/*5#&3, *, &*5#.&*/, +58*5%30, 9.8, 57%, $%"%/.-1%&5, .9 +5*5#+5#'+=, 67#'7, #+, 9://0, #&5%38*5%$, #&5., 57%, +0+5%1, .9
&*5#.&*/,-./#'0,1*2#&3;,A7%,8%'%&5/0,*38%%$,M*88*2%'7 R'5#.&, B/*&, 9.8, @5*5#+5#'+, KMRB@L, 8%'.11%&$%$ 1*#&+58%*1#&3,+58*5%3#',-/*&&#&3,.9,+5*5#+5#'*/,+0+5%1+ *&$,-8%-*8#&3,&*5#.&*/,+58*5%3#%+,9.8,57%,$%"%/.-1%&5 .9,+5*5#+5#'+,9.8,*//,/.6,#&'.1%,'.:&58#%+,)0,STTf`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
!!!"#$%&'()"*%+