Absolutely, personally I dislike how it's the single most powerful figure for decisionmakers. There have been many alternative measurements developed for measuring overall progress of an economy, but unfortunately they haven't taken much foothold.
On the more economic side, you have something like the Misery Index and its extensions (http://www.cato.org/publications/commentary/misery-mena). Obviously composite indexes like these have their flaws too, but overall they are more comprehensive than GDP alone.