Sustainable economic development assessment (SEDA)

Since 1934, Gross Domestic Product (GDP) has been the single metric used to evaluate countries’ progress. This year, the Boston Consulting Group created a new progress evaluation system called Sustainable Economic Development Assessment (SEDA). Based on 50,000 different types of data points publicly available in areas like health, environmental protection, and freedom of expression, and grouped in ten different categories, SEDA measures people’s well-being, not only their country’s economic output.

 

 

SEDA

In their third SEDA edition 140 countries were compared. Poland showed a stronger sustainable growth than China. The European country performed well in employment, governability, civic society and the environment. Its Asian counterpart, showed a strong economic growth. However, it has one of the lowest scores in environmental protection.
Out of the top ten highest ranking countries, with the exception of Singapore, all are European countries. These top countries have been capable of turning economic gain into tangible benefits for their population. Countries like Mexico and the US fell behind other countries in their capacity to create progress for their citizens.

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