A step in the right direction – The OECD’s “Your Better Life Index”

A new index has been released by the OECD called the, “Your Better Life Index.”

Here’s a link to the website where you can read about some really interesting data that’s come out about each country – OECD Better Life Initiative

I won’t write too much about the results, as I think it’s best that each individual reads the information for themselves, but what I will say is that the top 5 ranked countries are as follows:

1. Australia

2. Canada

3. Sweden

4. New Zealand

5. Norway

I think this is an exciting step in the right direction in terms of comparing countries in terms of more than just Gross Domestic Product (GDP) and looking towards other indicators that provide a better overall measurement of a country’s progress.

I’m quite passionate about decoupling our current economic theory and the GDP indicator. I sincerely hope that an index like this can be adopted around the world, not just in OECD countries, and used to transition to a more efficient, effective and sustainable economic model.

Here’s the promo video: http://www.youtube.com/watch?v=OOIK9YxQ2sY&feature=player_embedded

Links:

– OECD Launches Your Better Life Index

– Better Life Country Notes

– Organisation launches ‘happiness index’

– Canadians Can’t Complain: Better Life Index

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Do you agree that an indicator like this is a better economic indicator than just GDP?

Is it possible to make the transition?

How can we make it come about without severely affecting our quality of life?

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