Standard of living in the context of "Per Albin Hansson"

Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic activity of a country or region. The major components of GDP are consumption, government spending, net exports (exports minus imports), and investment. Changing any of these factors can increase the size of the economy. For example, population growth through mass immigration can raise consumption and demand for public services, thereby contributing to GDP growth. However, GDP is not a measure of overall standard of living or well-being, as it does not account for how income is distributed among the population. A country may rank high in GDP but still experience jobless growth depending on its planned economic structure and strategies. Dividing total GDP by the population gives an idealized rough measure of GDP per capita. Several national and international economic organizations, such as the OECD and the International Monetary Fund, maintain their own definitions of GDP.

GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It serves as a statistical indicator of national development and progress. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market using current exchange rate. To compare economies over time inflation can be adjusted by comparing real instead of nominal values. For cross-country comparisons, GDP figures are often adjusted for differences in the cost of living using purchasing power parity (PPP). GDP per capita at purchasing power parity can be useful for comparing living standards between nations.

Nominal gross domestic product (GDP) per capita is the total value of a country's finished goods and services (gross domestic product) divided by its total population (per capita).

Gross domestic product per capita is often used as a proxy indicator an indicator of a country's standard of living; however, this is inaccurate because GDP per capita is not a measure of personal income and does not take into account social and environmental costs and benefits. Measures of personal income include average wage, real income, median income, disposable income and gross national income (GNI) per capita.

The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in the cost of living between locations can be measured in terms of purchasing power parity rates. A sharp rise in the cost of living can trigger a cost of living crisis, where purchasing power is lost and, for some people, their previous lifestyle is no longer affordable.

The link between income and health is well-established. People who are facing poverty are less likely to seek regular and professional medical advice, receive dental care, or resolve health issues. The cost of prescription medicine is often cited as a metric in cost of living research and consumer price indices. Cost of living pressures may lead to household energy insecurity or fuel poverty as well as housing stress.As the cost of living steadily increases, the amount of household income necessary for a financially comfortable life subsequently increases, thus resulting in the number of people who do possess the privilege of a comfortable financial situation decreasing over time. Said privileges of financial comfort become more exclusive to higher classes as the cost of living becomes difficult to afford for more and more people.

The international dollar (int'l dollar or intl dollar, symbols Int'l$., Intl$., Int$), also known as Geary–Khamis dollar (symbols G–K$ or GK$), is a hypothetical unit of currency that has the same purchasing power parity that the U.S. dollar had in the United States at a given point in time. It is mainly used in economics and financial statistics for various purposes, most notably to determine and compare the purchasing power parity and gross domestic product of various countries and markets. The year 1990 or 2000 is often used as a benchmark year for comparisons that run through time. The unit is often abbreviated, e.g. 2000 US dollars or 2000 International$ (if the benchmark year is 2000).

It is based on the twin concepts of purchasing power parities (PPP) of currencies and the international average prices of commodities. It shows how much a local currency unit is worth within the country's borders. It is used to make comparisons both between countries and over time. For example, comparing per capita gross domestic product (GDP) of various countries in international dollars, rather than based simply on exchange rates, provides a more valid measure to compare standards of living. It was proposed by Roy C. Geary in 1958 and developed by Salem Hanna Khamis between 1970 and 1982.

Nagao Kagetora (長尾 景虎; February 18, 1530 – April 19, 1578), later known as Uesugi Kenshin (上杉 謙信), was a Japanese daimyō (magnate). He was born in Nagao clan, and after adoption into the Uesugi clan, ruled Echigo Province in the Sengoku period of Japan. He was one of the most powerful daimyō of the Sengoku period. Known as the "Dragon of Echigo", while chiefly remembered for his prowess on the battlefield as a military genius and war hero, Kenshin is also regarded as an extremely skillful administrator who fostered the growth of local industries and trade, as his rule saw a marked rise in the standard of living of Echigo.

Kenshin is famed for his honourable conduct, his military expertise, a long-standing rivalry with Takeda Shingen, his numerous defensive campaigns to restore order in the Kantō region as the Kanto Kanrei, and his belief in the Buddhist god of war Bishamonten. Many of his followers and others believed him to be the avatar of Bishamonten and called Kenshin the "God of War".

Poverty is a state or condition in which an individual lacks the financial resources and essentials for a basic standard of living. Poverty can have diverse environmental, legal, social, economic, and political causes and effects. When evaluating poverty in statistics or economics there are two main measures: absolute poverty which compares income against the amount needed to meet basic personal needs, such as food, clothing, and shelter; secondly, relative poverty measures when a person cannot meet a minimum level of living standards, compared to others in the same time and place. The definition of relative poverty varies from one country to another, or from one society to another.

Statistically, as of 2019, most of the world's population live in poverty: in PPP dollars, 85% of people live on less than $30 per day, two-thirds live on less than $10 per day, and 10% live on less than $1.90 per day. According to the World Bank Group in 2020, more than 40% of the poor live in conflict-affected countries. Even when countries experience economic development, the poorest citizens of middle-income countries frequently do not gain an adequate share of their countries' increased wealth to leave poverty. Governments and non-governmental organizations have experimented with a number of different policies and programs for poverty alleviation, such as electrification in rural areas or housing first policies in urban areas. The international policy frameworks for poverty alleviation, established by the United Nations in 2015, are summarized in Sustainable Development Goal 1: "No Poverty".

Jakarta, officially the Special Capital Region of Jakarta, is the capital and largest city of Indonesia and an autonomous region at the provincial level. Lying on the northwest coast of Java, the world's most populous island, Jakarta is the largest metropole in Southeast Asia and serves as the Headquarters of ASEAN. The Special Region has a status equivalent to that of a province and is bordered by the province of West Java to the south and east and Banten to the west. Its coastline faces the Java Sea to the north, and it shares a maritime border with Lampung to the west. Jakarta's metropolitan area has an estimated population of 41.9 million as of 2025, making it the largest urban area in Indonesia and the world; in addition of being ASEAN's second largest economy after Singapore.

Jakarta is the economic, cultural, and political centre of Indonesia. Although Jakarta extends over only 661.23 km (255.30 sq mi) and thus has the smallest area of any Indonesian province, its metropolitan area covers 7,076.31 km (2,732.18 sq mi), which includes the satellite cities of Bogor, Depok, Tangerang, South Tangerang, and Bekasi. Jakarta ranks first among the Indonesian provinces in the human development index. Jakarta's business and employment opportunities, along with its ability to offer a potentially higher standard of living compared to other parts of the country, have attracted migrants from across the Indonesian archipelago, making it a melting pot of numerous cultures.

Global North and Global South are terms that denote a method of grouping countries based on their defining characteristics with regard to socioeconomics and politics. According to UN Trade and Development (UNCTAD), the Global South broadly comprises Africa, Latin America and the Caribbean, Asia (excluding Israel, Japan, and South Korea), and Oceania (excluding Australia and New Zealand). Most of the Global South's countries are commonly identified as lacking in their standard of living, which includes having lower incomes, high levels of poverty, high population growth rates, inadequate housing, limited educational opportunities, and deficient health systems, among other issues. Additionally, these countries' cities are characterized by their poor infrastructure. Opposite to the Global South is the Global North, which the UNCTAD describes as broadly comprising Northern America and Europe, Israel, Japan, South Korea, Australia, and New Zealand. Consequently the two groups do not correspond to the Northern Hemisphere or the Southern Hemisphere, as many of the Global South's countries are geographically located in the north and vice-versa.

More specifically, the Global North consists of the world's developed countries, whereas the Global South consists of the world's developing countries and least developed countries. The Global South classification, as used by governmental and developmental organizations, was first introduced as a more open and value-free alternative to Third World, and likewise potentially "valuing" terms such as developed and developing. Countries of the Global South have also been described as being newly industrialized or in the process of industrializing. Many of them are current or former subjects of colonialism.