Move from GDP to comprehensive indicator frameworks in Asia and the Pacific

Zhenqian Huang
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Zhenqian Huang: Macroeconomic Policy and Financing for Development Division, United Nations Economic and Social Commission for Asia and the Pacific

No PB110, MPDD Policy Briefs from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: Too much focus on economic growth has come at costs of persistent inequality and rising environmental pressure in Asia and the Pacific. It is urgent to widen the measurement of progress from a single focus on GDP to comprehensive indicator frameworks. To achieve so, countries should enhance capacity of data producers and users to develop broader development indicators and to use them in policymaking. Cross-Government agency coordination is essential to use such indicators in an integrated approach to address development issues.

Date: 2020-04
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