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The HWI is designed to be a more holistic measure of socioeconomic conditions than narrow monetary indicators such as the Gross Domestic Product. It covers more aspects of human wellbeing than the United Nations’ Human Development Index.
It is the unweighted average of indices of health and population, wealth, knowledge, community and equity. To prevent a high score for equity from offsetting poor human conditions, equity is included in the HWI only when it does not raise the index.
The Social Progress Index is an aggregate index of social and environmental indicators that capture three dimensions of social progress: Basic Human Needs, Foundations of Wellbeing, and Opportunity. The Index measures social progress strictly using outcomes of success, not how much effort a country makes. For example, how much a country spends on healthcare is much less important than the health and wellness actually achieved by that country, which is what outcomes measure.
The Prosperity Index is a global measurement of prosperity based on both income and wellbeing. The Index analysed the countries across 8 sub-indices – Economy, Entrepreneurship & Opportunity, Governance, Education, Health, Safety & Security, Personal Freedom and Social Capital.
A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others). The GPI nets the positive and negative results of economic growth to examine whether or not it has benefited people overall.