COC

economic indicators

What's Wrong with the GDP?

Global Women's Project | Thu, Nov 18, 2010

What's Wrong with the GDP?

The Gross Domestic Product measurement (GDP) has come to represent the economic well-being of a society, thereby relaying how successful that society is. Yet in looking at the unemployment numbers of this past summer, our society does not seem to be enjoying the economic well-being that the GDP supposedly illustrates. Read “What’s Wrong with the GDP?” to learn about the need for complementary indicators. This briefing paper, written by Julia Wartenberg, discusses what the GDP does and does not measure and argues for the incorporation of care work (paid and unpaid) into our measurement of societal well-being. Download the paper here.