Moving Beyond GDP: A Stock-Flow Approach To Measuring Wellbeing For The G20

The report argues that G20 countries must move beyond GDP as the primary measure of national progress to ensure an inclusive economic recovery and effective climate action. It proposes a stock-flow approach to measuring wellbeing that incorporates economic, environmental, social, and human factors, emphasizing that long-term wellbeing is determined by a portfolio of inclusive wealth rather than market income.

• GDP is an insufficient measure of national progress because it is the most prioritized indicator by decision-makers despite the fact that long-term wellbeing depends on a portfolio of inclusive wealth assets rather than GDP or market income.
• GDP expansion frequently correlates with the decline of social and natural capital, losses which are not captured when using GDP to assess national progress.
• The report proposes a framework for the G20 that integrates both stocks and flows, covering human, social, environmental, and economic indicators. Implementation recommendations include the formation of a G20 study group, the involvement of statistical agencies, and the alignment of policies with these new metrics.

APA

Snower,, L. B. S. L. D. M. J. (2022). Moving Beyond GDP: A Stock-Flow Approach To Measuring Wellbeing For The G20. International Institute for Sustainable Development. https://www.iisd.org/publications/report/moving-beyond-gdp-stock-flow-approach-g20

Chicago

Snower,, Livia Bizikova,Robert Smith,Katharina Lima de Miranda,Dennis J. Moving Beyond GDP: A Stock-Flow Approach To Measuring Wellbeing For The G20. International Institute for Sustainable Development, 2022. https://www.iisd.org/publications/report/moving-beyond-gdp-stock-flow-approach-g20.

Wikipedia

{{cite report |last1=Snower, |first1=Livia Bizikova,Robert Smith,Katharina Lima de Miranda,Dennis J. |title=Moving Beyond GDP: A Stock-Flow Approach To Measuring Wellbeing For The G20 |publisher=International Institute for Sustainable Development |date=1 September 2022 |url=https://www.iisd.org/publications/report/moving-beyond-gdp-stock-flow-approach-g20 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{snower2022moving, author = {Snower,, Livia Bizikova,Robert Smith,Katharina Lima de Miranda,Dennis J.}, title = {{Moving Beyond GDP: A Stock-Flow Approach To Measuring Wellbeing For The G20}}, institution = {International Institute for Sustainable Development}, year = {2022}, month = sep, url = {https://www.iisd.org/publications/report/moving-beyond-gdp-stock-flow-approach-g20}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }