Africa: Launch of 'Inclusive' Wealth Index Reveals GDP Limitations

19 June 2012

Rio De Janeiro — A new index that measures a nation's wealth by taking into account factors such as natural resources, social stability and wellbeing, has painted Colombia and Venezuela in a very different light to that suggested by their GDP (gross domestic product) - the traditional measure of a country's success.

The Inclusive Wealth Indicator (IWI) was presented in preliminary form at the Planet Under Pressure conference in London, United Kingdom, in March, and formally unveiled - with further countries and data incorporated - at the UN Conference on Sustainable Development (Rio+20) yesterday (18 June).

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