Why GDP is not a good measure of socio-economic progress

According to the World Bank, Botswana remains one of the most economically unequal countries in the world, only behind her neighbours South Africa and Namibia.

Botswana’s Gini coefficient, which represents a country’s economic inequality, stands at 0.53, with a Gini coefficient of 0 representing perfect economic equality and 1 representing complete inequality.

On the other hand, Botswana’s gross domestic product (GDP) per capita, which represents a country’s economic output relative to its population, stands at $8 258 (R126 000), making Botswana an upper-middle-income economy…..

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