Wellbeing economy monitor

1. Purpose of the Monitor

Our vision for Scotland, as set out in the National Strategy for Economic Transformation, is to build a wellbeing economy: that is, an economic system with the collective wellbeing of current and future generations, within environmental limits, at its heart.

We have developed this initial Wellbeing Economy Monitor to provide a baseline for assessing progress towards the development of a wellbeing economy in Scotland. It complements the monitoring of societal wellbeing outcomes in the National Performance Framework (Scotland's Wellbeing Framework), by focusing on the key areas where the economy and economic policy contribute to those outcomes, in particular in those areas which influence the wellbeing of future generations.

This provides a starting point for more work on measurement of the wellbeing economy. We aim to build on this by continuing to maintain and refine the data presented at a national level and to complement this with a framework and tools to support analysis of wellbeing economies at more local levels.