Interdisciplinary research on measuring the progress towards sustainability and well‐being (SaW) from different perspectives and in various contexts has developed dramatically over recent decades. This growth in the literature has not only added an enormous number of dimensions to the SaW debate, but the sheer scale of the expansion has challenged researchers to be able to conduct a comprehensive analysis of the available SaW indicators. In this work, we have proposed a hybrid method comprised of sophisticated scientometric analysis to summarise scientific developments in the massive text corpus of the SaW literature in conjunction with a more traditional literature review to categorise the ‘fuzzy’ details that remain. Scientometric analysis highlights that the developed OECD countries play a vital role in the development and applications of SaW indicators and we describe key developments in this regard via a range of graphical approaches. Using an extensive collection of existing SaW indicators, the analysis is then summarised in a matrix of ranked indicators which serve as a powerful tool to compare, contrast, filter and select indicators for SaW assessment with minimum redundancies between indicators. The approach undertaken in this study is intended to be flexible and can be extended and applied to other fields of research.