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Every year the Boston Consulting Group (BCG) releases its Sustainable economic development assessment (SEDA) report. A coefficient points at which countries are able to transform economic wealth into well-being.
Since 2012, the Boston Consulting Group has been analysing countries in the world through its SEDA report, short for Sustainable Economic Development Assessment. SEDA’s measure of well-being is based upon three categories (economics, investments and sustainability) which, overall, comprehend ten dimensions. These dimensions are filled with data stemming from 40 publicly available indicators (i.e. IMF, World Bank and OECD). Applying three different weights (2, 1 and 0.5) to the dimensions, BCG’s researchers define a SEDA score for each country.
The SEDA ranking is interesting because it also provides what BCG’s researcher define a “wealth-to-well being coefficient”. This coefficient is the outcome of a comparison between a country’s SEDA score and the score the same state would be expected to obtain, given the country’s GNI (Gross national income) per capita. Consequently, the coefficient signals whether a country is able to transform the wealth it produces into effective well-being for its citizens. All the data and rankings of the SEDA can be browsed through an interactive map .