Most commonly, the criteria for evaluating the degree of economic development are gross domestic product (GDP), gross national product (GNP), the per capita income, level of industrialization, amount of widespread infrastructure and general standard of living.
Tavalisemateks majanduse arengu mõõtmise kriteeriumiteks on: sisemajanduse kogutoodang (SKT), sissetulek elaniku kohta, industrialiseerimise tase, laialdase infrastruktuuri tase ja üleüldine elustandard.