Measuring well-being and progress: Looking beyond GDP
Briefing
04-03-2014
Gross domestic product (GDP), a measure of national economic production, has come to be used as a general measure of well-being and progress in society, and as a key indicator in deciding a wide range of public policies. However GDP does not take into account non-economic factors such as social issues and the environment. In the aftermath of the crisis, the EU needs reliable, transparent and convincing measures for evaluating progress.
Briefing
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Policy area
Keyword
- economic policy
- ECONOMICS
- European social policy
- evaluation method
- gross domestic product
- living conditions
- national accounts
- PRODUCTION, TECHNOLOGY AND RESEARCH
- quality of life
- research and intellectual property
- social affairs
- social development
- social framework
- social indicator
- SOCIAL QUESTIONS
- social well-being
- sustainable development