The GDP of a country is no longer enough to measure the wealth of a country, so the Human Happiness Index was created. How can it be defined and how is it calculated?
Human Happiness Index : Definition
The Human Happiness Index is the successor of the Human Development Index which exists to correct the shortcomings of the GDP. Indeed, the GDP of a rich country does not really indicate its wealth but only the wealth linked to mineral or subsoil resources. The HDI goes further than the human development index, which is based on GDP, on life expectancy and on the level of education. The Human Happiness Index is to the national level what the World Happiness Index is to the world. The latter offers standardisation and encompasses the rational calculation of each country, but how is the world happiness index calculated?
World Happiness Index: How to Calculate It
To calculate this new index, we must first know the sectors it encompasses, as we know those of the GDP or the HDI. First of all, the Human Happiness Index, as its name indicates, seeks to know the rate of happiness per population. But what criterion makes a population a sum of happy people? Undeniably, no one under the yoke is happy, so freedom is the first criterion. Following freedom, a country where insecurity reigns and where the people are constantly engulfed in fear cannot claim to make its population happy. Thus, security and freedom are the first two criteria, to which is added the quality of life of an individual in the literal sense plus education and the valorisation of culture. To obtain the IMB, varying each year, the average of 40 indicators coming regularly in the world institutions with economic and legal value. The annual results are published on the website globeco every spring.