Measuring What Really Matters - Beyond GDP and GNI for holistic view of national wellbeing

Nassiri-Ansari, Tiffany, Lehtimaki, Susanna, Schwalbe, Nina, Spark Street Advisors and UNU-IIGH (2024). Measuring What Really Matters - Beyond GDP and GNI for holistic view of national wellbeing. UNU International Institute for Global Health.

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  • Author Nassiri-Ansari, Tiffany
    Lehtimaki, Susanna
    Schwalbe, Nina
    Spark Street Advisors
    Title Measuring What Really Matters - Beyond GDP and GNI for holistic view of national wellbeing
    Publication Date 2024-01
    Place of Publication Kuala Lumpur
    Publisher UNU International Institute for Global Health
    Pages 27
    Language eng
    Abstract Gross Domestic Product (GDP) and Gross National Income (GNI) were designed to serve as a scorecard for economic growth by measuring the monetary value of all local goods and services produced within a given period. Today they are also used by the development assistance architecture as proxies to measure a nation’s overall wellbeing and, in some cases, eligibility for external funding. In this review, we assess the academic and grey literature to identify potential alternatives to GDP and GNI that aim to incorporate broader definitions of wellbeing. Two are particularly noteworthy for their real-world implementation: Aotearoa New Zealand’s Living Standards Framework (LSF), which incorporates a holistic understanding of wellbeing for national budgeting that is locally relevant and adjustable according to government priorities, and the Oxford Poverty and Human Development Initiative’s Multidimensional Poverty Index (MPI) which includes a customizable dashboard approach which sets it apart from the “one-size-fits-all” models of GDP and GNI.
    Keyword Gross Domestic Product (GDP)
    Gross National Income (GNI)
    Living Standards Framework
    Multidimensional Poverty Index
    Social Wellbeing
    Economic Growth;
    Human Development
    Copyright Holder UNU International Institute for Global Health
    Copyright Year 2024
    Copyright type All rights reserved
    ISBN 9789280881141
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    Created: Wed, 13 Dec 2023, 18:31:34 JST by Silvia Fancello on behalf of UNU IIGH