GDP and Wealth are complementary indicators that provide a fuller picture of economic well-being. A country’s comprehensive wealth includes all produced capital such as factories and roads; natural capital like forests and water; human capital, which leads to earnings; and net foreign assets. Only by having a clear understanding of our world’s wealth—including all forms of capital—can we plan for a more sustainable future. The World Bank is working with countries to go beyond GDP and build a more accurate picture of their wealth.
This video features highlights from the Philippines National Conference on Natural Capital Accounting, held in Manila on 30-31 March 2017, hosted by by the National Economic Development Authority (NEDA).
This new series of briefs demonstrates the progress made by five WAVES countries in translating NCA into policy, and also looks at three thematic areas: forests, water and energy.