Is it time to move on from GDP?

World leaders are converging on the idea that it’s time to stop using gross domestic product (GDP) as the world’s main measure of prosperity. Instead, we could complement it with a dashboard of indicators on the economy, health, ecosystems, climate and more. If this happens, it would be the biggest shift in how economies are measured since nations first started using GDP in 1953, almost 70 years ago. “Absurdly, GDP rises when there is overfishing, cutting of forests or burning of fossil fuels,” wrote UN secretary-general António Guterres in 2021. “We are destroying nature, but we count it as an increase in wealth.”

Nature | 9 min read

https://www.nature.com/articles/d41586-022-03576-w?utm_source=Nature+Briefing&utm_campaign=d804b04c5c-briefing-dy-20221108&utm_medium=email&utm_term=0_c9dfd39373-d804b04c5c-45010977