Can you put a number on the happiness, progress and well-being of a country? Is the traditional broad-brush measurement of GDP and economic output enough?
As part of their Better Life Initiative, The Organisation for Economic Co-operation and Development (OECD) released a new site and interactive tool today called Your Better Life Index which is based on 25 individual indicators that make up 11 topics of well‐being.
Your Better Life Index is designed to let you visualise and compare some of the key factors – like education, housing, environment, and so on – that contribute to well-being in OECD countries. It’s an interactive tool that allows you to see how countries perform according to the importance you give to each of 11 topics that make for a better life.
You can read more about these indicators and their measurement in the report: Compendium of OECD well-being indicators. It is a preview of the type of measures that will be included in the “How’s life?” report to be released in October 2011.
The latest “How’s life” reports can be found here.
via The Economist