By Winnie Byanyima, Executive Director, Oxfam International via World Economic Forum

If we want an economy of the 1%, then GDP is very useful. It tells us all we need to know. But if we want an economy that works for us all, we have to pay attention to what it is not telling us.

In the face of a growing inequality crisis, GDP tells us nothing about the distribution of growth. When just 62 people have the same wealth as half the world’s population, where a country like Zambia can grow rapidly in GDP terms and yet can see increased levels of poverty, and where the 1% own more than everyone else combined, growing GDP simply hides the poverty within.