Prepare a chart that compares India, Spain, and South Africa based on the data you find. Describe the key differences between the countries. Rank these as high-, medium-, and low-income countries, explain what is surprising or expected about this data.

GDP has most commonly been used as an indicator of standard of living. However, it has been criticized for being a narrow measure. Other indicators to measure the level of development have been introduced such as HDI, as GDP comprises only the economic growth part of development. Health expenditure, life expectancy, etc. indicate the level of human capital development.

The data obtained from the world bank site is given as follow. Here, the mentioned data is for the year 2019.

From the above table, it is evident that Spain has the lowest population level among the three. Because of this, it enjoys the highest GDP per capita. While India with the highest population experiences the lowest GDP per capita. The external expenditure per capita on healthcare is very low for Spain and India. Spain also experiences a relatively higher life expectancy rate and lower infant mortality rates than the other two countries.