Social Protection Floor Index
The Index (SPFI) is a composite indicator based on the SPFs Recommendation No.202, which serves as a conceptual framework. It measures the potential costs (in % of GDP) to close gaps in the national social protection floor (gaps in income security and health security).
In support of the principle of regular monitoring, the Social Protection Floor Index (SPFI) has been developed. It assesses the degree of implementation of national SPFs, by detecting protection gaps in the health and income dimension and indicating the magnitude of financial resources needed to close these gaps in relation to a country’s economic capacity. The SPFI thus informs members, trade unions, civil society organizations, and other stakeholders about the need for corrective policy action, compares the implementation of SPFs across members, and, in future, monitors members’ progress over time. In the long run, it is hoped that the SPFI can contribute to achieving a fairer and more inclusive globalization.
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Reading Development 