6. Key Takeaways

  • Human well-being is difficult to define and measure. GDP per capita is a reliable albeit imperfect measure of well-being.
  • Real GDP can be used to compare a country’s economic performance over time. An increase in a country’s real GDP indicates that the quantity of goods and services the economy produces is expanding.
  • The standard of living of the average person in a country is rising if the country’s real GDP per capita increases.
  • Real GDP per capita growth measures changes in the average standard of living.
  • While not an SDG by itself, microinsurance is an aspect of financial inclusion, which is hoped to become a lever for achieving SDGs such as SDG 1, SDG 2, SDG 3, SDG 5, SDG 8, SDG 9, SDG 10, and SDG 17.
  • Microinsurance can impact economic growth indirectly through its effects on the accumulation of technological knowledge, physical and human capital.


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Module 10: Microinsurance and Economic Development Copyright © by Tsvetanka Karagyozova is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.

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