Redefining Social Progress: Measuring Wellbeing beyond GDP and Economic Indicators

Abstract

The Gross Domestic Product (GDP) has long reigned as the primary measure of a nation's progress. However, its limitations in capturing the true well-being of its citizens are becoming increasingly evident. This article argues for a paradigm shift in how we measure social progress, moving beyond GDP and embracing a more holistic approach that considers multiple dimensions of human flourishing.