Canadian Index of Wellbeing

Submitted by robertgnewell on 20 November 2011

We have all heard the old adage "money doesn't buy happiness". Now, we are seeing that Canada might keep this in mind when trying to determine what could makes us prosperous as a nation.

The University of Waterloo presents a new method of looking at prosperity, the Canadian Index of Wellbeing (CIW). Comprising of an analysis of 64 indicators in 8 interconnected categories, the CIW provides a comprehensive image on how Canadians are 'really doing'. The CIW has the power to rival the GNP as it can show us whether or not Canadian citizens are truly enjoying the benefits of an economic growth. Similar to the concept behind Bhutan's 'Gross National Happiness Index', the CIW deconstructs the idea that more money flowing through our economy equates to a better quality of life for our citizens.

For information, take a look a this article entitled 'New index of wellbeing challenges Canada's GDP as sole measure of progress'.