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The Measurement of Economic Performance and Social Progress

What is the measure of economic performance?
While there are a number of different ways to measure economic growth, the best-known and most frequently tracked and reported measure is gross domestic product (GDP).
What are the measures of economic progress?
Gross Domestic Product (GDP), a widely used indicator, refers to the total gross value added by all resident producers in the economy.
Growth in the economy is measured by the change in GDP at constant price.
What is the measurement of social progress?
The Social Progress Index (SPI) measures the extent to which countries provide for the social and environmental needs of their citizens.
Fifty-four indicators in the areas of basic human needs, foundations of well-being, and opportunity to progress show the relative performance of nations.
GDP measures the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year).
It counts all of the output generated within the borders of a country.

High Level Expert Group on the Measurement of Economic Performance and Social Progress (HLEG)Autres questions

What is the measure of economic performance?