SEDA [Sustainable Economic Development Assessment] is an approach to systematically assessing and comparing levels of socio-economic development, or well-being, of countries around the world across a broad range of dimensions. SEDA scores for a particular country are always relative to those of other countries. For example, if the current level of well-being in a country is ranked zero, that does not mean that there is no well-being in the country. Rather, it means that the country is the worst performer compared with the other
countries being assessed. (For more on our methodology, see From Wealth to Well-Being: Introducing the Sustainable Economic Development Assessment, BCG report, November 2012.)
The Ten Dimensions of Well-Being. SEDA’s insights result from a balanced view of ten economic and noneconomic dimensions that together contribute to the well-being of a country’s citizens. We chose these ten dimensions after a review of extensive research in the development field, as well as on the basis of BCG’s experience working with governments worldwide on economic development issues.