The GDP - an illusion of prosperity?

Throughout this article is examined the overestimation of Gross Domestic Product and its main weak points as an index of evaluation a country's prosperity. GDP, while a valuable metric, offers a limited perspective on a nation's prosperity, hence, do exist a lot of relative alternatives of analyzing how the population of a country is going such us Human Development Index, Global Innovation Index, Gross National Happiness Index, which, after the author's analysis are, in the majority of cases, more suitable in determining the well-being and prosperity of a nation. By considering these indexes, we gain a richer understanding that incorporates factors like education, health, and social equality. This multifaceted approach allows for a more accurate assessment of a country's progress and the well-being of its citizens.

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Publication Details

Published
2025-04-01
DOI
https://doi.org/10.53486/sstc2024.v2.52
Primary Topic
Regional Development and Management Studies
Type
article
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article

The GDP - an illusion of prosperity?

Vadim Malanciuc
Regional Development and Management Studies
article

The GDP - an illusion of prosperity?

Vadim Malanciuc
article en

Abstract

Throughout this article is examined the overestimation of Gross Domestic Product and its main weak points as an index of evaluation a country's prosperity. GDP, while a valuable metric, offers a limited perspective on a nation's prosperity, hence, do exist a lot of relative alternatives of analyzing how the population of a country is going such us Human Development Index, Global Innovation Index, Gross National Happiness Index, which, after the author's analysis are, in the majority of cases, more suitable in determining the well-being and prosperity of a nation. By considering these indexes, we gain a richer understanding that incorporates factors like education, health, and social equality. This multifaceted approach allows for a more accurate assessment of a country's progress and the well-being of its citizens.

Decent work and economic growth
Openalex Percentile: Top 80%
Regional Development and Management Studies
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The GDP - an illusion of prosperity? — Vadim Malanciuc · (2025) | TGRS Research Map | TGRS