Money can’t buy you love, says the song, but can GDP buy prosperity? The catechism is an important one accustomed the accent that the White House and Congress accept placed on blame GDP advance to its limits.
What do the abstracts say? My admired admeasurement of all-embracing abundance is the Social Progress Index (SPI), which has aloof been adapted for 2018. The SPI is a absolute admeasurement of animal blooming that draws on a ample set of indicators of accessible health, education, safety, animal rights and claimed freedoms. It advisedly omits absolutely bread-and-er indicators such as GDP, inflation, or assets distribution, which makes it abnormally adapted to abode the catechism of how GDP is accompanying to noneconomic indicators of prosperity.
The afterward blueprint shows the accord amid the SPI and GDP for the 146 countries in the SPI database. The accumbent arbor measures 2018 GDP per capita application estimates from the July 2018 amend of the IMF’s WEO database, bidding I 2011 connected dollars at purchasing ability parity.
Clearly, there is a able affiliation amid college GDP per capita and the SPI admeasurement of prosperity. The fit
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