Economic measures

Symbol	Measure	Description
GDP	Gross Domestic Product	Aggregate market value of the goods and services produced in an economy for a given period [1]. Units : USD $
HDI	Human Development Index	Index of human development from three components - years of life expectancy at birth, mean years of schooling and per capita income [2]. Units : --
	Unemployment	Number of persons not working but actively looking for work as a percentage of the labor force [3]. Units : %
	Inflation	An increase in the general price level in the economy. Usually measured over a year [1]. Units : %
	Real wages	The nominal wage, adjusted to take account of changes in prices between different time periods. It measures the amount of goods and services the worker can buy [1]. Units : USD $/hr
	Labor productivity	Total output divided by the number of hours or some other measure of labour input [1]. Units : USD $/hr
SWB	Subjective Well Being	Good mental states, including all of the various evaluations, positive and negative, that people make of their lives and the affective reactions of people to their experiences. Encompases 3 dimensions : 1. Life evaluation. 2 positive and negative affect, and 3 a sense of meaning and purpose in life. Measured using the Gallup World Poll [4]. Units : --
	Gini Index	inequality of any quantity such as income or wealth, varying from a value of zero (if there is no inequality) to one (if a single individual receives all of it) [1]. Units : --
EF	Ecological Footprint	The quantity of ecological services required to regenerate the conditions at the boundary limits of a given territory or entity expressed in units of global hectares [5]. Units : Global hectares (GHa)

Sources

1. Core Economics, 2014

2. UNDP, 2018

3. MOM, 2020

4. OECD, 2013

5. Global footprint network