Non-monetary indicators are measures that help us understand economic development and living standards by looking at factors beyond just money or income.

Key features include:

• They use tools like the Human Development Index (HDI), which looks at health (life expectancy), education, and overall well-being.
• Common examples include literacy rates, how long people live, access to clean water, and the Gini coefficient (which measures inequality).
• They provide a better view of quality of life than money alone can show.
• They help highlight clear differences between countries that might have the same total income.
• Limitations include the fact that they can be hard to measure, data may not be available, and it can be difficult to decide which factors are the most important.