In 2023, Treasurer Jim Chalmers announced the government would measure what matters to the wellbeing of Australians as a complement to the traditional economic measures in the national accounts.
The purpose of the report, called Measuring What Matters, is to help us understand whether the lives of Australians are improving or deteriorating. It measures more than economic output, such as gross domestic product (GDP).
Measuring What Matters has five wellbeing themes – healthy, secure, sustainable, cohesive, and prosperous. The Australian Bureau of Statistics (ABS) has just published the 2025 results.
