This study empirically analyzes the economic utility of country ESG performance by applying a dynamic long and short term model to panel data from data-available 95 countries covering SDG scores from 2000 to 2023. The data on ESG performance by country, which is the independent variable, was separately classified and used in this study according to the WDI country ESG standards based on the Backdated SDG Index (0-100 points) from the UN SDG Annual Report (Sachs, Lafortune, and Fuller, 2024). The analysis shows that the overall ESG index (ESGI) has a positive impact on economic growth in both the short and long term. As results of the analysis by individual E, S, and G items, environmental performance has a statistically significant negative effect in both the short and long term, whereas social and governance performance have statistically significant positive effects in both time frames. Notably, social performance has the strongest impact in the short term, while governance performance exerts the greatest influence in the long term. Summing up these analysis results, it suggests that despite some recent negative perceptions and claims, ESG still has a significant impact on global macroeconomic sustainable growth, indicating that consistent and suitable efforts are necessary.