"As we move beyond 2030, it is crucial to rethink how we measure progress and development. The current relevance of GDP [gross domestic product] as the dominant indicator of economic performance has been widely criticized for its inability to capture the full dimensions of human well-being, social equity, and environmental sustainability. Recent policy discussions and research, including the OECD's [Organization for Economic Cooperation and Development's] " Beyond GDP " initiatives, highlight the urgent need to develop alternative metrics."
"These new measurement frameworks should account for non-market activities, the quality distribution of economic growth, environmental sustainability, and subjective well-being. Metrics such as the Human Development Index (HDI), Multidimensional Poverty Index (MPI), Better Life Index (BLI), Gross National Happiness (GNH) and Social Progress Index (SPI) offer examples of human-centric well-being indicators. Additionally, sustainability-oriented indicators such as the Genuine Progress Indicator (GPI), Inclusive Wealth Index, and Green GDP provide essential adjustments to reflect environmental and social costs."
GDP alone fails to capture human well-being, equity, and environmental limits, necessitating new measurement systems after 2030. Measurement frameworks should include non-market activities, the quality and distribution of economic growth, environmental sustainability, and subjective well-being. Human-centric indices such as HDI, MPI, BLI, GNH, and SPI provide alternative perspectives on welfare. Sustainability-oriented metrics like the Genuine Progress Indicator, Inclusive Wealth Index, and Green GDP adjust for environmental and social costs. The post-2030 agenda requires reaffirming human rights as a foundational value and integrating comprehensive performance indicators to align development with social and ecological resilience.
Read at Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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