Moving Beyond GDP Through Comprehensive Wealth

The report advocates for moving beyond GDP by adopting a 'comprehensive wealth' framework that measures natural, human, social, produced, and financial capital. Using data from 1995 to 2020, the report demonstrates that GDP often masks unsustainable development trends. In Trinidad and Tobago, fossil fuel reliance led to declining comprehensive wealth and well-being from 2008. Indonesia showed a decrease in well-being created per unit of wealth between 1995 and 2020. Ethiopia is advised to shift produced capital investments from manufacturing toward modern farming to enhance wealth growth.

• In Trinidad and Tobago, a heavy reliance on fossil fuels caused comprehensive wealth to decline steadily between 2008 and 2020, which resulted in a notable decrease in national well-being starting in 2013.
• Indonesia experienced a trend where it generated less well-being per unit of wealth in 2020 compared to its performance in 1995.
• To improve wealth growth, Ethiopia should shift its produced capital investments from the manufacturing sector toward modern farming equipment and methods.
• Comprehensive wealth is presented as a robust and concise alternative or complement to GDP, focusing on a portfolio of assets including natural, human, social, produced, and financial capital to measure economic, social, and environmental well-being.

APA

Tilahun,, L. B. H. S. S. B. (2024). Moving Beyond GDP Through Comprehensive Wealth. International Institute for Sustainable Development. https://www.iisd.org/publications/report/comprehensive-wealth-moving-beyond-gdp

Chicago

Tilahun,, Livia Bizikova,Alin Halimatussadiah,Robert Smith,Godfrey St. Bernard,Mesfin. Moving Beyond GDP Through Comprehensive Wealth. International Institute for Sustainable Development, 2024. https://www.iisd.org/publications/report/comprehensive-wealth-moving-beyond-gdp.

Wikipedia

{{cite report |last1=Tilahun, |first1=Livia Bizikova,Alin Halimatussadiah,Robert Smith,Godfrey St. Bernard,Mesfin |title=Moving Beyond GDP Through Comprehensive Wealth |publisher=International Institute for Sustainable Development |date=17 May 2024 |url=https://www.iisd.org/publications/report/comprehensive-wealth-moving-beyond-gdp |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{tilahun2024moving, author = {Tilahun,, Livia Bizikova,Alin Halimatussadiah,Robert Smith,Godfrey St. Bernard,Mesfin}, title = {{Moving Beyond GDP Through Comprehensive Wealth}}, institution = {International Institute for Sustainable Development}, year = {2024}, month = may, url = {https://www.iisd.org/publications/report/comprehensive-wealth-moving-beyond-gdp}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }