In the current economic landscape, the construction of a simple and reliable economic development indicator is necessary, as economic activity and growth have ceased to be mere changes in production volume and now involve multifaceted transformations within a nation’s socioeconomic fabric. It is well known that increasing per capita income or accumulating more resources does not always guarantee greater development or well-being for acountry’s individuals, and the economy serves as an indispensable instrument for improving the overallwell-being of society. The purpose of this text is to present a model of an economic development indicator that not only guides policy decisions but also serves as a practical tool for measuring the impact of development initiatives, allowing for the redirection of resources and efforts toward areas that require attention and improvement. By embracing the complexities of economic development and recognizing the various factors that contribute to social progress, we can forge a future in which growth is inclusive, sustainable, and beneficial for all.
