The GPI or Genuine Progress Indicator is a measure for the development of a country.
While GDP and PPP GDP are the most common indicators for economic growth and development, none of these give a true reflection of the state of a country's level of "development" in every sense.
Most figures list major western economic powers on top, and a layman might gain the impression that country X is richer in a range of ways than countries Y and Z. However, taking into account GPI, the figures might be quite different.
A Genuine Progress Indicator might include other positive and negative variables like the value of volunteer work, or the welfare losses through high pollution, a high crime rate or an inequal income distribution in its index to better reflect the true welfare of a country's citizens.
The most pressing methodological debate over new measures of wealth, progress, and human development has concerned the extent to which money coefficients and macroeconomic models can capture broad new areas of concern: human rights, health, education, environmental, and overall quality of life.
Hazel went on to dissect the problems of macroeconomic indexes and lend her support to Marian Chambers’ Jacksonville Quality of Life Indicators in the mid-1980s, setting a precedent for community indicators project.
It is now common to describe the GDP as a less-than optimal measure of the progress of a nation or community.
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