Forget GDP: The Social Progress Index Measures National Well-Being
This new index tracks everything from opportunity to health to sustainability.
For many years, the powers that be thought that economic indicators were the ultimate measure of a country’s wellbeing. That’s starting to change. As we have discussed before, the general happiness of a country doesn’t always correlate with its wealth.
In fact, economic indicators don’t match up with a number of important indicators about well-being.
Hence the Social Progress Index, an initiative from The Social Progress Imperative and Harvard Business School Professor Michael Porter that examines how 50 countries perform on 52 indicators related to basic human needs, the foundations of well-being, and opportunity.
The top country: Sweden. The U.S. doesn’t even rank in the top five…