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What GDP doesn't measure and why this should change

Non-market gains - like volunteer work and being healthier through exercise - should be added to more accurately track the welfare of Singaporeans.

Non-market environmental goods such as parks and greenery should be measured so as to allow people to unwind, reduce stress, and increase their propensity to engage in leisure activities.

GROSS Domestic Product - or GDP in short - has been a mainstay measure of our economic progress over decades. Nations clamour, excessively so, for GDP rankings as it signifies not only a country's good "grades" on their economy report card but also their standing in the international community....

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