The Treasury is continually developing tools and guidance to assist staff to incorporate a wellbeing approach into their strategic planning, policy analysis and advice. You are welcome to use them if you find them useful in your own wellbeing planning.
This ‘at a glance’ A3 summarises the components of the LSF and how they relate to each other. This diagram is available to be used in your presentations and publications, with the following attribution: The New Zealand Treasury’s Living Standards Framework, used with permission. For a high-resolution version of this image suitable for offset printing, please contact the Communications team.
The LSF Dashboard is a measurement tool which supports the Treasury’s strategic advice to Ministers on cross-government policy priorities. We’ve published it on our website for public transparency and interest.
This paper summarises what the Dashboard looks like now and highlights what has changed since the 2018 release.
Other wellbeing frameworks
The LSF reflects the Treasury’s own perspective on wellbeing. There are a number of other macro-level approaches to framing wellbeing analysis and reporting on wellbeing progress at a country level and across all wellbeing domains:
The LSF supports New Zealand’s commitment to playing its part at home and abroad to advance the implementation of the United Nations’ 2030 Agenda for Sustainable Development and achievement of the Sustainable Development Goals (SDGs).
The Treasury’s LSF draws from the OECD’s Better Life Index, which allows us to benefit from their research and work to develop a wellbeing framework. It also makes international comparisons easier when it comes to measuring wellbeing indicators.
While our current wellbeing domains are broadly based on the Better Life Index, the LSF includes a ‘cultural identity’ domain to recognise the importance of culture to wellbeing in New Zealand’s bi-cultural and multi-cultural society. We recognise, however, that there is more work to do to tailor the framework to more fully reflect New Zealand values, including te ao Māori and Pasifika worldviews.
The OECD also reviews New Zealand’s economic situation and policies. Its most recent (2019) review of New Zealand was the first time that it took a wellbeing approach to one of its country economic surveys. It found that wellbeing in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. It also made a number of recommendations for the development of the Treasury’s LSF and Dashboard, which we are considering in our development work.