“…Also, other authors and companies bring a new perspective to assess the performance of countries, and they create other indicators regarding how to measure the performance, for example the Net Economic Welfare, Prosperity Index, Better Life Index, Genuine Progress Indicator, among others. Rašić Bakarić, Tkalec and Vizek (2016) have constructed a monthly coincident indicator of real economic activity in Croatia, which covers 15 important sectors of economy classified as prices of industrial products, consumer prices, industrial production, construction, trade, tourism, unemployment, employment, gross wages, net wages, capital market, monetary statistics, fiscal indicators, international series/statistics and foreign trade.…”