Fifty-four indicators in the areas of basic human needs, foundations of well-being, and opportunity to progress show the relative performance of nations.
The index is published by the nonprofit Social Progress Imperative, and is based on the writings of Amartya Sen, Douglass North, and Joseph Stiglitz.
Together, this framework aims to capture a broad range of interrelated factors revealed by the scholarly literature and practitioner experience as underpinning social progress.
[6] A 2016 survey of online users browsing the SPI website indicated that as one of the index's flaws, 34% of respondents found the data incomplete and/or inaccurate, primarily referencing environmental hazards, energy usage, specific health issues, employment availability and quality, income inequality, gender inequality, and corruption as areas not sufficiently taken into account.
[7] From an econometric stand point, the Index appears to be similar to other efforts aimed at overcoming the limitation of traditional economic measures such as the gross domestic product (GDP).