---
title: 'Measurement: GDP vs Well-being'
seo_title: 'Measurement: GDP vs Well-being — video'
description: Why GDP does not capture real well-being, which dimensions matter most, and when subjective well-being diverges from material well-being.
keywords: GDP well-being, beyond GDP, human development index HDI, Easterlin paradox, genuine progress indicator GPI, subjective well-being measurement, Stiglitz Sen Fitoussi, unpaid work economy
date: '2026-04-09T00:00:00+00:00'
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    <div class="s5-video-watch__crumbs"><a href="https://5sigmas.com/en/videos/">All videos</a><span>Economics, energy and well-being</span><span>1:02</span></div>
    <h1>Measurement: GDP vs Well-being</h1><p>Why GDP does not capture real well-being, which dimensions matter most, and when subjective well-being diverges from material well-being.</p>
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    <div class="s5-video-watch__section-head"><span class="s5-eyebrow">Video summary</span><h2 id="video-summary-title">The ideas to retain</h2></div>
    <div class="s5-video-watch__snippet-grid"><article><span>01</span><h2>1. What GDP measures and what it leaves out</h2><p>GDP sums the value of all goods and services produced in an economy over a period of time. As a metric of economic activity, it is precise and comparable across countries. The problem is…</p></article>
<article><span>02</span><h2>What GDP leaves out</h2><p>Unpaid work. Caring for older people, raising children, maintaining a household and community volunteer work are not included in GDP because they do not pass through the market. OECD and…</p></article>
<article><span>03</span><h2>2. What well-being measures that GDP does not capture</h2><p>The well-being frameworks developed by economists, psychologists and international organizations over recent decades converge on similar dimensions.</p></article></div>
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  <aside class="s5-video-watch__source"><div><span class="s5-eyebrow">Context and evidence</span><h2>Continue with the full article</h2><p>The chapter develops the mechanism, primary sources, limitations and connections to the rest of the series.</p></div><a class="s5-video-watch__source-link" href="https://5sigmas.com/en/series/ia-pib-bienestar-energia/03-pib-vs-bienestar/">Read the article →</a></aside>
  <section class="s5-video-watch__related" aria-labelledby="related-videos-title"><div class="s5-video-watch__section-head"><span class="s5-eyebrow">Next step</span><h2 id="related-videos-title">Related videos</h2></div><div class="s5-video-watch__related-grid"><article><a href="https://5sigmas.com/en/videos/series/ia-pib-bienestar-energia/04-ia-pib-hoy/"><img src="https://5sigmas.com/en/series/ia-pib-bienestar-energia/04-ia-pib-hoy.jpg" alt="" loading="lazy" width="1280" height="720"><span>Economics, energy and well-being · 1:02</span><strong>AI and GDP Today</strong></a></article>
<article><a href="https://5sigmas.com/en/videos/series/ia-pib-bienestar-energia/02-ia-tecnologia-electrica/"><img src="https://5sigmas.com/en/series/ia-pib-bienestar-energia/02-ia-tecnologia-electrica.jpg" alt="" loading="lazy" width="1280" height="720"><span>Economics, energy and well-being · 1:02</span><strong>AI as an Electrical Technology</strong></a></article>
<article><a href="https://5sigmas.com/en/videos/series/ia-pib-bienestar-energia/01-electricidad-bienestar/"><img src="https://5sigmas.com/en/series/ia-pib-bienestar-energia/01-electricidad-bienestar.jpg" alt="" loading="lazy" width="1280" height="720"><span>Economics, energy and well-being · 1:02</span><strong>Electricity and Well-being</strong></a></article></div></section>
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