INDEX OF HAPPINESS. HUMAN FACTOR BEYOND CURRENT MEASUREMENTS
INDEX OF HAPPINESS. HUMAN FACTOR BEYOND CURRENT MEASUREMENTS

Summary/Abstract: For more than 60 years, the most commonly used indicator of economic performance is the Gross Domestic Product (GDP), measured either in absolute or per capita values. This indicator does not measure other important elements of everyday life, such as culture, security, happiness, income distribution or the environment. Economic indicators such as GDP have not been fully designed to measure welfare. Therefore there is a need for new indicators covering other dimensions of progress, namely those related to social and environmental issues, primarily those relating to issues such as global warming, poverty, natural resource depletion and health. The indicator that best expresses the degree of fulfillment of social objectives, economic and environmental well-being, sustainability and quality of life at country, regional or global level is the so-called "happiness index of population", which we will treat this paper.

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