Ecological Footprint accounting quantifies the supply and demand of Earth’s biocapacity. The National Footprint Accounts (NFA) are the most widely used Ecological Footprint (EF) dataset, and provide results for most countries and the world from 1961 to 2014, based primarily on publicly available UN datasets. Here, we review the evolution of the NFA, describe and quantify the effects of improvements that have been implemented into the accounts since the 2012 edition, and review the latest global trends. Comparing results over six editions of NFAs, we find that time-series trends in world results remain stable, and that the world Ecological Footprint for the latest common year (2008) has increased six percent after four major accounting improvements and more than thirty minor improvements. The latest results from the NFA 2018 Edition for the year 2014 indicate that humanity’s Ecological Footprint is 1.7 Earths, and that global ecological overshoot continues to grow. While improved management practices and increased agricultural yields have assisted in a steady increase of Earth’s biocapacity since 1961, humanity’s Ecological Footprint continues to increase at a faster pace than global biocapacity, particularly in Asia, where the total and per capita Ecological Footprint are increasing faster than all other regions.

Mainstream competitiveness and international development analyses pay little attention to the significance of a country’s resource security for its economic performance. This paper challenges this neglect, examining the economic implications of countries resource dynamics, particularly for low-income countries. It explores typologies of resource patterns in the context of those countries’ economic prospects. To begin, the paper explains why it uses Ecological Footprint and biocapacity accounting for its analysis. Data used for the analysis stem from Global Footprint Network’s 2018 edition of its National Footprint and Biocapacity Accounts. Ranging from 1961 to 2014, these accounts are computed from UN data sets. The accounts track, year by year, how much biologically productive space is occupied by people’s consumption and compare this with how much productive space is available. Both demand and availability are expressed in productivity-adjusted hectares, called global hectares. Using this biophysical accounting perspective, the paper predicts countries’ future socio-economic performance. This analysis is then contrasted with a financial assessment of those countries. The juxtaposition reveals a paradox: Financial assessments seem to contradict assessments based on biophysical trends. The paper offers a way to reconcile this paradox, which also elevates the significance of biophysical country assessments for shaping successful economic policies.