Announced in the 2023 Strategic Foresight Report of the Commission, the sustainable and inclusive wellbeing initiative recognizes the usefulness of GDP but also the need for complimentary indicators to fully capture all aspects of the quality of life, inclusiveness, and sustainability. One of...

Services are increasingly important in modern economies contributing about 68% of world economy value added in 2002 and, although at a much lower level, are increasingly traded internationally (see Table 1). These patterns of increasing importance of services are observed in the generality of...