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WAVES (Wealth Accounting and Valuation of Ecosystem Services) is a World Bank-led partnership that helps countries incorporate the value of natural capital in national accounts. It works to develop scientifically credible methods for ecosystem accounting and promotes their use in decision making among a wide range of stakeholders.

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Look beyond GDP to get clues on a country's performance

Countries have long kept a close watch on their national income accounts, yet, traditional indicators such as GDP says nothing about whether growth is sustainable.
Glenn-Marie Lange, Senior Environmental Economist and WAVES Team Leader describes what wealth accounting is and why the world needs to look beyond GDP as a measurement of sustainable growth.

Sunset in Botswana by Thinkstock


Natural Capital as a way to diversify economy

Botswana wants to diversify its economy and has identified several options to move beyond mining as its economic mainstay.
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Photo: Jefferson Monument by Getty Images


Second Partnership Meeting

This meeting will initiate the Implementation phase of WAVES.
April 2-4, 2012
Washington, DC

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Woman picking leaves by National Geographic


What is Wealth Accounting?

Learn more about integrating natural capital into national accounts, the challenges associated with it and how WAVES works.

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Last updated: 2012-02-22

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