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

The report advocates for the G20 to replace GDP as the primary measure of national progress with a framework that accounts for economic, environmental, social, and human assets. It notes that GDP growth often masks the deterioration of natural and social capital, which are essential for long-term wellbeing.

• GDP is the most prioritized indicator for decision-makers, yet long-term wellbeing is determined by a nation's portfolio of inclusive wealth assets rather than market income or GDP.
• GDP expansion frequently correlates with the decline of social and natural capital, losses which are ignored when national progress is measured solely by GDP.
• The proposed alternative framework integrates both stocks and flows, covering human, social, environmental, and economic indicators. Implementation recommendations for the G20 include forming a study group, involving statistical agencies, and aligning 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} }