Chasing GDP is killing the planet!

"Cutting down a forest for timber adds to GDP, but what we don't record is the loss to our wealth in terms of natural resources." Winnie Byanyima

Here’s a breakdown of the most popular ideas to replace GDP:🧵👇

Genuine Progress Indicator (GPI) seeks to measure a nation’s well-being.

GPI starts with GDP as its base but also takes into account factors like:

• Pollution

• Poverty rates

• Health standards

• Inequality

• Crime rates

• Road accidents

• Education levels

• Unpaid work

Human Development Index (HDI) gives a weighting to national income, life expectancy and quality of education.

The index is composed of

• Average life expectancy.

• Education compared to the global average

• Level of schooling

• Income compared to the global average

Gross National Happiness (GNH), looks at nine different factors including:

• Psychological well-being

• Health

• Time use

• Education

• Cultural diversity and resilience

• Good governance

• Community vitality

• Ecological diversity and resilience

• Living standards

Green GDP (GGDP), adjusts GDP for resource depletion and environmental degradation.

In 2004, China experimented with green GDP, but quickly discarded it when it showed negative growth!

Let me know what measure do you think should replace GDP?

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