What do economic indicators measure

What do economic indicators measure

To deliver a more sustainable economy we need to make better use of resources, promote stability and competition, develop skills and reward work, and supply goods and services which meet consumers’ needs whilst minimising their impact on the environment. The what do economic indicators measure measure of the economic performance is the gross domestic product or GDP, which represents the total value of all goods and services produced by a nation during a given year. It is effectively a measure of traditional economic strength.

The economically stronger nations should perhaps take the lead in tackling environmental issues. However, it is increasingly being recognised these traditional economic indicators alone do not provide an adequate measure of an economy’s sustainability. This Index allows you to compare well-being across countries, based on 11 topics the OECD has identified as essential, in the areas of material living conditions and quality of life. More than 100,000 users of the Better Life Index around the world have shared their views on what makes for a better life. The OECD Regional Well-Being website allows you to measure well-being in your community and compare it with 361 other OECD regions.

35 OECD and 6 partner countries. It describes how inequalities touch many different aspects of people’s lives, examining well-being gaps by gender, age, education and income, and migration status. It also looks at governance and well-being. The Better Life Index blog has been migrated to the OECD Insights blog.

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