Potential indicators – Prosperous
A prosperous society has a dynamic and resilient economy, which provides opportunities for people. This means a vibrant, diverse and resilient economy that benefits everyone; all generations share the same opportunities to prosper; and people have access to jobs and opportunities.
The NSW Outcomes that support NSW residents’ prosperity include:
- State finances are robust and sustainable
- markets are fair and competitive, and workplaces are safe
- a vibrant and diverse economy that supports improving living standards
- everyone has access to productive and rewarding jobs.
Table 1.3 – Potential performance indicators for the Prosperous theme
| NSW Outcome |
Indicator | Metric | Why this is important |
Direction |
|---|---|---|---|---|
| State finances are robust and sustainable | Net government debt | Net government debt as a share of Gross State Product | Measure of fiscal sustainability |
 |
| Markets are fair and competitive, and workplaces are safe | Incidence rate of work-related fatalities | Number of work-related fatalities per 100,000 NSW employees | Outcome measure for work health and safety regulatory functions of government |
|
| A vibrant and diverse economy that supports improving living standards | Value of NSW exports | Dollar value of exports (by primary, secondary and tertiary industries) | Exports support additional economic activity |
 |
| A vibrant and diverse economy that supports improving living standards | Small and medium enterprise procurement | Share of small and medium enterprises as a proportion of NSW Government procurement spend | Small and medium businesses are the backbone of the NSW economy, and should have the opportunity to participate in NSW Government procurement |
|
| A vibrant and diverse economy that supports improving living standards | Jobs supported by NSW Government procurement | NSW jobs committed to as a result of NSW Government strategic procurement | The NSW Government has committed to using its valuable procurement dollars to support local jobs and content |
|
| A vibrant and diverse economy that supports improving living standards | Number of new licence applications granted that were enabled by the vibrancy legislation | Number of businesses opening longer hours and providing alternate offerings | Increasing the number of businesses that provide alternate offerings, such as live music or extended trading hours, grows the economy and creates vibrancy |
|
| A vibrant and diverse economy that supports improving living standards | NSW visitor expenditure | The dollar value of visitor expenditure in NSW | A strong visitor economy supports a dynamic economy that shares prosperity, as well as diverse and rewarding jobs |
|
| A vibrant and diverse economy that supports improving living standards | Value of night‑time economy | Adjusted nighttime in-person consumption spend in NSW | A rich and vibrant nighttime economy enriches people’s lives. Night-time economy activities contribute to social cohesion, and economic growth |
|
| A vibrant and diverse economy that supports improving living standards | Proportion of people who participated in night‑time economy leisure or entertainment activity outside the home (after 6pm) in the past 7 days | Percentage of people surveyed who took part in the night‑time economy across one week | Monitors the demand for the night‑time economy |
|
| A vibrant and diverse economy that supports improving living standards | Number of core night‑time economy businesses | Number of businesses registered in industries deemed core night‑time industries | Monitors the supply for the night‑time economy |
|
| A vibrant and diverse economy that supports improving living standards | Jobs created with the assistance of Investment NSW Government support | Number of jobs created with assistance from Investment NSW | Reduce unemployment, lift productivity, and raise living standards |
|
| A vibrant and diverse economy that supports improving living standards | Investment secured through the support of Investment NSW | Value of investment induced through the support of Investment NSW | Support high value employment opportunities and raises real incomes |
|
| Everyone has access to productive and rewarding jobs | Female workforce participation | Rate of female workforce participation | Equity measure that acts as a proxy measure to measure improvements in women’s economic opportunities |
|
