• HOMELAND
  • CONNECTING THE WORLD
  • DASHBOARD
  • DEPARTMENTS
  • SUBSCRIBE
  • CONTACT US
  • ABOUT US
Facebook Twitter Instagram
Facebook Instagram YouTube
LMD INTERNATIONAL
  • HOMELAND
  • CONNECTING THE WORLD
  • DASHBOARD
  • DEPARTMENTS
  • SUBSCRIBE
  • CONTACT US
  • ABOUT US
LMD INTERNATIONAL
Home»ONLINE EXCLUSIVES»AUSTRALIA LAUNCHES ‘NATIONAL WELLBEING’ DASHBOARD TO MEASURE PROSPERITY BEYOND GDP
ONLINE EXCLUSIVES

AUSTRALIA LAUNCHES ‘NATIONAL WELLBEING’ DASHBOARD TO MEASURE PROSPERITY BEYOND GDP

LMD InternationalBy LMD InternationalJuly 24, 2023Updated:July 24, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Reuters – July 21, 2023

Australia on Friday launched a “national wellbeing” dashboard of indicators to measure progress on issues like health, education and the environment, one that it hopes will lead to a better balance between economic and social objectives.

It will track indicators across five categories – healthy, secure, sustainable, cohesive, and prosperous – that can be viewed on an online dashboard and will be updated annually.

Advertisement · Scroll to continue

They are intended to complement traditional economic indicators such as gross domestic product, inflation and employment.

“I think one of the frustrations that we have had for some time really is people have only thought that our social objectives and our economic objectives must be in conflict,” Treasurer Jim Chalmers told a news conference.

“I think that they can be in concert and that is what the national wellbeing framework is all about.”

In a 127-page report titled “Measuring What Matters” issued to accompany the dashboard, the government painted a mixed picture of wellbeing.

A runner exercises on a hill at Sydney Park in Sydney, Australia, June 26, 2020. REUTERS/Loren Elliott/

The report found Australia had made progress on life expectancy, reducing resource use, diversity, incomes and employment. But measures of chronic health conditions, national security, biodiversity and fiscal sustainability had all declined.

Almost half the population had one or more chronic health conditions, while 13% reported mental health problems. Access to healthcare and wait times for treatment had also worsened.

Measures of household financial stress and access to housing had also deteriorated, and that was before the recent surge in the cost of living and steep rise in borrowing costs.

In all, 20 of the indicators had improved over the past few decades, while seven were stable and 12 had deteriorated.

Several countries have attempted to diversify policymaking beyond economic benchmarks in recent years, most famously Bhutan, whose “gross national happiness” index is considered more important than GDP.

Reporting by Wayne Cole and Alasdair Pal in Sydney; Editing by Edwina Gibbs

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
LMD International
  • Website

Related Posts

WHAT WE KNOW ABOUT THE GAZA CEASEFIRE DEAL

October 9, 2025

FROM CRISIS TO CANNABIS: SRI LANKA’S PRESIDENT SURPRISES WITH PRO-MARKET PIVOT

September 24, 2025

SRI LANKA CAR MARKET TILTS TOWARD EVS WITH BYD, OTHER CHINESE LEADING

July 9, 2025

Leave A Reply Cancel Reply

Facebook Instagram
  • HOMELAND
  • CONNECTING THE WORLD
  • DASHBOARD
  • DEPARTMENTS
  • SUBSCRIBE
  • CONTACT US
  • ABOUT US
  • PRIVACY POLICY

Type above and press Enter to search. Press Esc to cancel.

Loading...
Product Image