Leason to learn from the SPI results analysis is that Luxembourg is outperformed by countries that have inferior GDPs per capita such as Japan which is ranked 7th with a GDP per capita that is 2.5 times lower than Luxembourg’s. These results show that the social performance of a country is to some extent independent from its relative economic performance. Consequently, it raises the question whether governments should prioritize economic growth rather than social progress; in the context of approaching elections in Luxembourg, this question could be considered in the decisions that will define the budget proposed by the future government.
The Social Progress Index enables governments, businesses, and civil society organizations to systematically identify and prioritize the most pressing needs of their communities through both the Global Index as well as through regional, local and community level social progress indices. Acting as a road map, the Index has the ability to help enable leaders – across business, government and civil society – to identify a strategy towards responsible and inclusive growth.
Deloitte believes that business has both the power and the imperative to help address societal challenges. Social progress is the foundation of competitiveness, stability and sustainability. Economies cannot thrive without healthy and well-educated citizens, adequate infrastructure, effective legal systems and inclusiveness.
The Social Progress Index enables governments, businesses, and civil society organizations to systematically identify and prioritize the most pressing needs of their communities. Acting as a road map, the Index and its various indicators enable businesses to identify opportunities to develop their markets sustainably by responding to social needs.