Alternative GDP & Economic Measures
National Accounts of Well Being
“In contrast to the conventional narrow focus on economic indicators, it [National Accounts of Well-being] calls for governments to directly and regularly measure people′s subjective well-being: their experiences, feelings and perceptions of how their lives are going, as a new way of assessing societal progress.” For more information, visit National Accounts of Well Being (UK)
Social Progress Index
“The Social Progress Index is an aggregate index of 54 social and environmental indicators that capture three dimensions of social progress: Basic Human Needs, Foundations of Wellbeing, and Opportunity. The Index measures social progress strictly using outcomes of success, not how much effort a country makes. For example, how much a country spends on healthcare…
State of the USA
“The nonprofit, nonpartisan State of the USA is preparing – in concert with the National Academy of Sciences – to support a Key National Indicator System by publishing a free website to provide every American with a single place to track progress across a range of national concerns, as determined by independent polling and research…
UN Human Development Index (HDI)
“The HDI is a summary measure of average achievement in key dimensions of human development: a long and healthy life, being knowledgeable and have a decent standard of living. The HDI is the geometric mean of normalized indices for each of the three dimensions.” For more information, visit UN Human Development Index (Global)
Beyond GDP
“The Beyond GDP initiative is about developing indicators that are as clear and appealing as GDP, but more inclusive of environmental and social aspects of progress. Economic indicators such as GDP were never designed to be comprehensive measures of prosperity and well-being. We need adequate indicators to address global challenges of the 21st century such…
Famous quote on the inadequacies of GDP
“Gross national [or domestic] product measures neither the health of our children, the quality of their education, nor the joy of their play. It measures neither the beauty of our poetry, nor the strength of our marriages. It is indifferent to the decency of our factories and the safety of our streets alike. It measures…

