fbpx Better Measuring a Country: GDP Is Not the Best Way to Quantify National Success | Harvard Kennedy School

Additional Authors:

  • Michael Porter

Excerpt

Better Measuring a Country: GDP Is Not the Best Way to Quantify National Success. Michael Porter, January 12, 2014, Opinion. " Eighty years ago, the first holistic measure of a country’s national income – what would later become Gross Domestic Product – was introduced. Developed by economist Simon Kuznets in a report commissioned by Congress to measure economic activity during the Great Depression, GDP quickly became the defining measure of national progress. GDP growth is how we tell whether a country is improving, and GDP per capita has become the definitive measure of the standard of living..." Link