Gross Domestic Product (GDP) and sustainability

Lukasz Krebel wrote for the The London Institute of Banking and Finance on what we miss out on when we focus solely on GDP.

“Crucially, GDP, even if presented in per capita terms, doesn’t tell us how prosperity is shared out in society. Higher GDP doesn’t necessarily mean a better life for all of a country’s residents, since how the economic pie is shared is often extremely unequal, both within countries, and between them.”

Read the full article here.