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Genuine Progress Index - Definition |
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The GPI or Genuine Progress Indicator is a measure for the development of a country.
While GDP and PPP GDP are the most common indicators for economic growth and development, none of these give a true reflection of the state of a country's level of "development" in every sense.
Most figures list major western economic powers on top, and a layman might gain the impression that country X is richer in a range of ways than countries Y and Z. However, taking into account GPI, the figures might be quite different.
A Genuine Progress Indicator might include other positive and negative variables like the value of volunteer work, or the welfare losses through high pollution, a high crime rate or an inequal income distribution in its index to better reflect the true welfare of a country's citizens.
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