What kind of governance system a country chooses is determined by its historical inheritance, cultural tradition and level.

What kind of governance system a country chooses is determined by its historical inheritance, cultural tradition and economic and social development level.

The level of economic development refers to the scale, speed and level of a country's economic development. The commonly used indicators reflecting a country's economic development level include gross national product, national income, per capita national income, economic development speed and economic growth speed.

The level of economic development is the basis for calculating various dynamic analysis indicators. Generally refers to the absolute number level, but also refers to the relative number level and the average level. According to the position in the dynamic sequence, it is divided into initial stage, final stage, reporting stage and base stage.

Extended data:

Measurement of economic development indicators

The level of economic development of a country or region can be measured by its scale (stock) and speed (increment). The so-called "economic scale measurement" refers to the total wealth that a country can produce in a specific time range, including the total wealth from basic necessities to complex means of production to various cultural and spiritual products.

The most commonly used indicator to measure economic scale is "gross domestic product" (GDP), which comprehensively represents the sum of wealth (goods and services) produced by a country or region in a certain period.

In addition, the measurement of economic scale is divided into absolute scale and relative scale. Absolute scale only measures the total GDP of a country or region in a specific period, regardless of how many workers created the GDP of this scale.