Some of the most efficient methods of measuring economic welfare and development are:
- HDI (three basic goals: long and healthy life, improved education, and decent standard of living)
- GDI (considered the same as HDI, but takes into account the inequalities between men and women)
- HPI (measures how evenly the benefits are spread within a country)
- Gini Index ( the distribution of income: more unequal distribution=higher GI)