It’s time to move beyond GDP and focus on wellbeing

Tuesday 20 February 2018

New Zealand’s Labour-led coalition government plans to be the first in the world to measure its success against how it does socially, culturally and environmentally, rather than relying on GDP – a rather useless measure that most economists and policy makers focus on. From Stuff.nz:

By the 2019 Budget, it would introduce a tool and framework to include the wellbeing of New Zealanders a measure of our economic success.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.