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OECD launches new report on measuring well-being

News release: “Do you like your job? How’s your health? Are you spending enough time each day with your children? When you need them, are your friends there for you? Can you trust your neighbours? And how satisfied are you, overall, with your life? A new OECD publication, How’s Life?, looks at these questions and others, offering a comprehensive picture of what makes up people’s lives in 40 countries worldwide. The report assesses 11 specific aspects of life – ranging from income, jobs and housing to health, education and the environment – as part of the OECD’s ongoing effort to devise new measures for assessing well-being that go beyond Gross Domestic Product. OECD Secretary-General Angel Gurría launched How’s Life? during an international conference at the OECD commemorating the two-year anniversary of the landmark Stiglitz-Sen-Fitoussi report on the measurement of economic performance and social progress. The landmark report sought to address concerns that standard macroeconomic statistics like GDP failed to give a true account of people’s current and future well-being. The OECD has been addressing the issue of measuring progress since 2000, with its latest work forming the basis of this publication.”

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