The Treasury’s Living Standards Framework (LSF) Dashboard will give the public greater insight into the Treasury’s work
towards higher living standards for New Zealanders, says Chief Economic Adviser Tim Ng.
The LSF Dashboard provides indicators of current wellbeing across 12 domains (such as health, housing, safety and social
connections); and also around future wellbeing framed by the four capitals of natural capital, human capital, social
capital and financial and physical capital. The indicators are internationally comparable where possible, while also
reflecting some of what is unique about New Zealand and New Zealanders.
The data in the LSF Dashboard shows the current and future wellbeing of New Zealanders broken down by ethnicity, age,
gender, region, family type and area deprivation over time. It also shows the distribution of New Zealanders having
high, medium and low wellbeing for each domain. The LSF Dashboard is adult focused at this stage, and refers to those
aged 15+ or 18+ depending on the data source.
"A lot of intensive work has gone into creating this first version of the Living Standards Framework Dashboard and it’s
satisfying to share what we have achieved in a short time," says Tim Ng.
"The Treasury worked closely with Stats NZ to select the most relevant and meaningful indicators. We also worked closely
with a challenge group of academics, independent economists and private sector representatives, who critiqued the
development of the LSF Dashboard and our broader Living Standards Framework. The Living Standards Framework itself draws
on, and is refined from, substantial international research, earlier work by the OECD, and more than 30 years of work on
what New Zealanders value.
"The LSF Dashboard is a component of the Treasury’s Living Standards Framework and has been developed as a practical
tool for the mahi we do. The Dashboard provides a set of measures that deepens our understanding of current and future
wellbeing and helps inform the Treasury’s advice about what matters for New Zealanders’ living standards; it is not a
scorecard on the performance of current or previous governments. We have made the Dashboard public to enhance the
transparency of our advice.
"It is also our aim to make the information accessible, interactive and visually engaging for interested members of the
public, as well as for researchers and other specialists. Public consultation helped shape the LSF Dashboard and we want
it to be something that a broad range of people can engage with.
"The LSF Dashboard launched today is a positive early milestone amid a long-term work in progress. There remain, of
course, a number of significant issues and information gaps that are still to be worked through, and we will keep
working with others to resolve these in future versions of the Dashboard.
"Among the issues we’re still addressing is how to better embed te ao Māori perspectives of wellbeing in the LSF
Dashboard. There are also limitations in how Pacific peoples’ perspectives, cultural identity, and risk and resilience
are currently incorporated.
"The wellbeing of children and young people are not directly represented in this first version of the LSF Dashboard.
This is in large part due to children and young people not being well represented in survey-based data collections on
which the Dashboard draws heavily. In addition, disability is not currently one of the distributions that the LSF
Dashboard can provide.
"So the LSF Dashboard will keep developing over time. We will continue to update and refine the indicators, based on the
most relevant and robust data available, and reflect them in our broader economic, financial, and policy advice to