Progress of The Finnish ISEW
The calculation of the ISEW for Finland has been done by Dr. Jukka Hoffrén at Statistics Finland in 2001. Today the time period covered is extended to years from 1945 to 2010. According to results sustainable economic welfare rose steadily in the 1970s and early 1980s, but has since declined and stabilised. One of the underlying reasons for this development was effective income distribution which apportioned evenly the welfare derived from increased production. In the mid-1980s income disparities started to grow again, flows of capital (investments) abroad increased and environmental hazards escalated, resulting in a decline in the weighted personal consumption.
Major contributors to Finnish ISEW in 2000 (FIM billion, rp)
Weighted personal consumption + 467.8
Household work + 82.8
Other positive contributions + 21.7
Long-term environmental damage - 228.0
Environmental deterioration - 192,5
Read more about this topic: Index Of Sustainable Economic Welfare
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