Economic » Prosperous Community

All members of our community prosper from a strong and growing economy. A thriving business sector attracts and retains a skilled and productive workforce.

What is Prosperous Community?

A prosperous community is one in which there is a job market in which employment is growing, unemployment is low, incomes are relatively high and evenly distributed and people are well-educated. Having a decent income is a crucial element contributing to quality of life because most basic needs such as food, water, shelter, health care and many forms of recreation have to be purchased. The valuable services resulting from unpaid household and community work also contribute directly to our well-being and prosperity.

The prosperous community outcome is made up of eight indicators that were selected to measure progress towards the outcome definition (shown above). Please see below for the data relating to each of the prosperous community indicators.

City Circular

Prosperous community GPI, 2001-2016

What this means

The prosperous community index of the WR-GPI rose steadily between 2003 and 2008. However, the economic impacts associated with the fall-out from the global financial crisis (GFC) created a sharp reversal of the positive trend at 2008, and the index was negatively affected for the following four years with signs of recovery evident in 2013. A net change for this index between 2001 and 2016 of 5.0%. 

Did you know?

Using GDP, smoking has traditionally been counted as a benefit to the economy. With a GPI, smoking is regarded as a cost

8 Indicators are being used to track Prosperous Community in the Wellington region

Click on each indicator below to access further information


Download Territorial Authority data for these Indicators


Purchasing power

Why is this indicator important?

Purchasing power is measured as the amount of goods or services that can be purchased with a unit of currency. If household income stays the same but the price of goods and services increases, the purchasing power of household income falls. Households with lower purchasing power can suffer adverse health effects from not having decent living conditions or adequate access to resources, such as health care, nutritious food, and housing, which in turn affects overall well-being.

Purchasing power, 2001-2016

Findings

  • In 2016, CPI-adjusted median weekly household income in the Wellington region was $1,240.
  • The purchasing power of households in the Wellington region has fluctuated between 2001 and 2016. The trend has been upwards, increasing from $1,172 to $1,240, indicating that households had 6.0% more purchasing power in 2016 compared to 2001.
  • From 2001 to 2016, the purchasing power of households in the Wellington region was consistently above the national median.

Purchasing power

Definition and data details

Indicator Definition

Median weekly household income adjusted by the Consumer Price Index (CPI) (a measure of the average price of consumer goods and services purchased by households)

Data Source

Statistics New Zealand: Household Economic Survey (Income)

Last updated April 2017

Indicators are updated in April and November each year; for those indicators where new data or survey results have become available.

While care has been taken in processing, analysing and extracting information, we cannot guarantee that the information is free from error and we shall not be liable for any loss suffered through the use, directly or indirectly, of any information, product or service.