Assessing governmental policies' impact through prosperity indicators and open data

The aim of this paper is to provide an overview of (the theory and practice of) prosperity indicators for assessing the impact of governmental policies and the data sources associated to their calculation, touching also on the broad theme of Open Data which opens up new horizons for the calculation and exploitation of Social Indicators. Following a quick overview of the basics of prosperity indicators, their basic methodological principles and their typology, a presentation of the Policy Compass project approach and the description of its pilot application in St. Petersburg are provided, which are tackling the above mentioned issue with the provision of a powerful ICT platform.