Measuring the Quality of Life: Beyond the GDP

Global Women's Project | Thu, Mar 17, 2011

By Maria Riley

“Among economists, social scientists, public policy advocates and a number of political leaders there is growing agreement that the Gross Domestic Product (GDP) is an inadequate instrument for measuring human and societal well-being. In the briefing paper ‘What’s Wrong with the GDP?’ Julia Wartenberg points out that the problem is not with the GDP but with an inappropriate application of the GDP.” In this briefing paper, Maria Riley discusses the progress which has been made in developing complementary measures to the GDP.