The Better Wellbeing Index (BWI) offers an alternative measure of wellbeing that could replace GDP.
GDP has been the dominant headline indicator of economic growth and progress in general. Economic growth, however, is not the only factor that can indicate citizens’ wellbeing. Society is complex and functioning in a variety of dimensions beyond this narrow economic sense. The Better Wellbeing Index (BWI) aims to provide an alternative and better indicator to take society’s complexity and multidimensionality into account. BWI is a composite indicator comprising eleven dimensions that contribute to citizens’ wellbeing. By linking with the Organisation for Economic Co-operation and Development (OECD) Better Life Index, it offers a solid and reliable indicator not only for the Netherlands, but also for international measurement.
The Better Wellbeing Index is an initiative by Institutions for Open Societies, strategic theme at Utrecht University, in collaboration with RaboResearch.