What is the most common indicator for measuring economic development of a country ? Share with your friends Share 4 Akash answered this average income is the most common indicator for measuring economic development . 12 View Full Answer Sharmila Bobba answered this By the world bank it is per capita income by undo it is health and education 11 Anshul Rajput answered this Average income is the most common indicator for measuring economic development of a country 4 Punam Das answered this Per capita income (or average income) HDI (human development index) and National income (not much important indicator of development) -2 Kala answered this the most common indicators for measuring in economic development of a country are -1