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Genuine progress indicator (GPI) is a metric that has been suggested to replace, or supplement, gross domestic product (GDP). [1] The GPI is designed to take fuller account of the well-being of a nation, only a part of which pertains to the size of the nation's economy, by incorporating environmental and social factors which are not measured by GDP.
This list shows the government spending on education of various countries and subnational areas by percent (%) of GDP (1989–2022). It does not include private expenditure on education. It does not include private expenditure on education.
Although for many decades, it was customary to focus on GDP and other measures of national income, there has been growing interest in developing broad measures of economic well-being. National and international approaches include the Beyond GDP programme developed by the European Union , the Better Lives Compendium of Indicators developed by ...
Wellbeing economy is a public policy framework in which the economy is designed to serve social, health, cultural, equity and nature outcomes. [1] [2] The aim is to go beyond gross domestic product (GDP) as the main measure of national economic performance. Since the early 2000s there has been growing interest in wellbeing as a framework in ...
Education in the United Kingdom is a devolved matter, with each of the countries of the United Kingdom having separate systems under separate governments. The UK Government is responsible for England, whilst the Scottish Government, the Welsh Government and the Northern Ireland Executive are responsible for Scotland, [6] Wales [7] and Northern Ireland, respectively.
The South of England has a higher life expectancy than the North, however, regional differences do seem to be slowly narrowing: between 1991–1993 and 2012–2014, life expectancy in the North East increased by 6.0 years and in the North West by 5.8 years, the fastest increase in any region outside London, and the gap between life expectancy ...
It was also found, in a 2021 study by The Health Foundation, that Britain spends the 6th most money on health care amongst "developed countries." This figure sits below the EU average and explains why some believe the welfare state is not so successful. It is also a fact that "The UK dedicates roughly one-fifth of its GDP to social spending.
GDP also does not capture certain phenomena impacting citizens' well-being. [56] For example, traffic jams could cause GDP to increase as there is a higher consumption of gasoline, however, GDP fails to consider citizens' well-being in terms of the quality of air due to air pollution from the traffic jams. [57]