Assessing the Social Component of the Genuine Progress Indicator for Russia

Abstract

The article is devoted to discussing the importance of transition from traditional economic indicators to indicators that take into account social and environmental aspects of economic development. The Genuine Progress Indicator serves as a basic indicator for assessing sustainability of development. Problems that the country’s population may face in the process of economic development intensification are considered. The author suggests possible variants of cost evaluation of indicators included in the calculation of the social component of GPI, and identified indicators that currently cannot be evaluated for Russia due to the peculiarities of the statistical system and the lack of necessary research. Adaptation of the GPI calculation methodology for Russia is extremely important. The obtained estimates can be compared with similar estimates for other countries and will make it possible to draw conclusions about the level of true well-being of the Russian population.