Abstract:

Since World War II, the dominant indicator of economic growth is gross domestic product per capita (GDP), which is the market value of all officially recognized final goods and services produced within a country in a given period of time.
Economic growth is one of the most important economic categories at present.
Quantitative dimension of economic growth as measured by GDP per capita is necessary, but not sufficient to measure the qualitative development of the society. Statisticians and economists recognize the need to provide policy makers and civil society, reliable, timely and credible indicator that can quantitatively and qualitatively assess the current situation, which would also allow comparison between countries within the monitored time and would indicate prospects for further economic growth. The necessity and thinking about the future is more important when the world economy is still mired in the aftermath of the devastating crisis. Hesitant recovery, high unemployment, unprecedented volatility in financial markets and public debt force to think about defining the necessary policy responses in the long run.