This paper assesses the comprehensiveness of the various economic indicators and their relevance in the current world order. It goes over the conventionally used indicators such as the Gross Domestic Product (GDP), Gross National Income (GNI), money supply and other more diverse metrics such as the Human Development Index (HDI). Further analysis is done on their uses and disadvantages, highlighting their limited nature in indicating the true state of an economy. Finally, a suggestion is proposed in order to navigate through these limitations.