GDPmannoosi

GDPmannoosi is an expanded macroeconomic indicator designed to complement gross domestic product (GDP) by incorporating the estimated value of non-market activities, informal economic output, and environmental costs. The metric aims to present a broader view of economic performance and living standards, highlighting sustainability alongside growth. The term derives from the Mannoosi adjustment, a component of the framework used to balance market activity with social and ecological factors.

Calculation and components: GDPmannoosi is calculated by adjusting real GDP with three additive elements and deductions. It adds the estimated value of unpaid household labor, using a standard shadow wage and hours worked; it adds imputed output from the informal sector, derived from activity indicators and comparable benchmarks; and it subtracts monetized environmental costs, including pollution damages, resource depletion, and ecosystem service losses. In practice, GDPmannoosi = Real GDP + Non-market value + Informal sector output − Environmental costs. Weights and valuation methods vary by country, reflecting policy priorities, data availability, and methodological choices.

Applications and limitations: The metric is used in comparative policy analysis, sustainability reporting, and scenario planning to assess progress toward inclusive and environmentally sustainable growth. It faces criticism over valuation uncertainty, potential double counting, and cross-country comparability challenges. Data availability for unpaid labor and environmental costs can be limited, making consistent calculation difficult.

See also: Gross domestic product, green GDP, inclusive wealth, non-market valuation.