Definition, Meaning & Synonyms

gpi

Noun

/ˈdʒiːˈpiːˈaɪ/

Definition

GPI refers to a measure of economic performance that accounts for the environmental and social costs of economic activities.

Examples

The GPI showed a significant improvement in community well-being over the past decade.
Many economists advocate for the adoption of GPI as a more holistic measure of progress.

Meaning

Gross Progress Indicator is an alternative measure to Gross Domestic Product (GDP), which includes the well-being and sustainability aspects of development.