ИСТИНА

The majority of experts on economic and social development these days agree that traditional economic indicators, such as Gross Domestic Product (GDP) and per capita income, don’t fully reflect the quality of living and development in a particular country. Hence, they are insufficient measures of a country’s overall wellbeing. As they are ‘hard metrics’, GDP and per capita income fail to fully capture quality of life, including education, access to healthcare, infrastructure development, and personal satisfaction.