A sustainable and circular bioeconomy is a pathway to the achievement of the United Nations Sustainable Development Goals (SDGs) by 2030 because the bioeconomy relates to a number of SDGs. We therefore focused on whether and how these SDGs are considered in national bioeconomy strategies, and on their indicator-based progress monitoring and assessment. This paper is based on eight countries that already have elaborated indicators in their national bioeconomy strategies. We analyzed the coverage of SDG issues in national bioeconomy strategies and the indicators used. We focused on how the different national indicators used to monitor the progress of the bioeconomy are related to the SDGs indicators and the already well established and widely applied intergovernmental regional or international forest-related indicators, as the forest sector is one of the key sectors for the development of a bioeconomy. Our material and methods are based on a document review and qualitative analysis of national bioeconomy strategies and their inherent indicator sets for progress monitoring. Based on our findings on the coverage of SDG-related issues of up to 14 out of the 17 SDGs in the bioeconomy strategies and of the high share of forest-related indicators within the bioeconomy indicators used, we derive recommendations for the further development of bioeconomy indicators. Our paper does not contribute to proposing the most suitable indicators, but it does encourage national and regional actors to carefully and holistically develop their bioeconomy monitoring systems using synergies from the already existing SDGs and forest monitoring processes.