Last year, the government of Paraguay adopted a new way of measuring the state of the nation, called the Social Progress Index (SPI). Both government and business leaders were concerned that increased economic growth wasn’t improving the lives of ordinary Paraguayans fast enough. We saw no reason why a country that is growing so fast could not bring more benefits of economic progress to the poor.
But pursuing old measures of success, like GDP per capita, wasn’t getting us where we wanted to go as a country. We needed a way to measure real outcomes for people, not just the level of economic activity.
We adopted the SPI because it focuses directly on improving the things that matter most to people – basic human needs, the foundations of wellbeing and opportunity. ...more