Wales—how to measure a nation's progress?
National indicators for Wales
Explore exampleAs you move beyond GDP as the major indicator of progress, you will want to develop new wellbeing measurements. Developing wellbeing indicators can help you to better understand the current level of wellbeing and track its performance over time.
As the determinants of wellbeing are multi-dimensional, these measurements can help policymakers to better understand synergies and trade-offs between dimensions over time. Measuring wellbeing requires looking at how society as a whole is progressing across all of your various wellbeing dimensions, rather than using economic indicators as a proxy for wellbeing or focusing on specific areas at the expense of others.