Gross Domestic Wellbeing (GDWe)™ offers a holistic alternative to GDP as a measure of social progress. Using the framework and data in the Office for National Statistics Measures of National Wellbeing Dashboard, the Trust has developed a tool that provides a single figure for GDWe in England and mapped this against GDP for the past six years.
In this report, we provide both an analysis of overall Gross Domestic Wellbeing (GDWe) for the past six years, and an individual GDWe score for each of the 10 domains of wellbeing in the ONS dashboard, to highlight areas requiring attention. We have supplemented this analysis with a thematic review of over 800 recommendations from nearly 50 commissions and inquiries since 2010 – from Marmot to Grimsey, Dilnot to Taylor – to highlight the many areas of mutual focus, challenge, and concern. The recommendations show that though the data currently being collected by the ONS offers a useful starting point and a framework for measuring wellbeing, there are significant gaps.
This is a subject also discussed in:
https://blogs.cfainstitute.org/investor/2019/06/12/esg-and-the-commons-from-tragedy-to-governance/
