Division 1 Development index

The development index refers to a country's level of industrial development. It compares that level to the one of the European Union, using the following formula:

$$\left\{\log \left[Y_i{\mathrm{/Y}}_{\mathrm{ue}}\right]\mathrm{+log}\left[X_i{\mathrm{/X}}_{\mathrm{ue}}\right]\right\}\mathrm{/2}$$

where:

Y_i

the beneficiary country's gross national product per capita,

Y_ue

the European Union's gross national product per capita,

X_i

the value of the beneficiary country's manufactured exports,

X_ue

the value of the European Union's manufactured exports.

Manufactured exports are those of Standard International Trade Classification (SITC) 5 to 8 less 68.