GNI PER CAPITA AND HAPPY PLANET INDEX - A COMPARATIVE ANALYSIS ACROSS DIFFERENT COUNTRY GROUPS

ABSTRACT

In order to assess the well-being of a country and to make comparative analysis across countries, Gross National Income (GNI) per capita is the most commonly and frequently used indicator of well-being. Apart from that, this paper discusses another well-being marker Happy Planet Index (HPI) which is relatively new in its kind with a view of incorporating higher degree of subjectivity. For the purpose of establishing correspondence (if any) between these well-being indicators, a large number of countries are considered and grouped accordingly