Wellbeing economy monitor: December 2022 update

2. Purpose of the Monitor and this update

We developed the initial Wellbeing Economy Monitor to provide a baseline for tracking progress towards the development of a wellbeing economy in Scotland. It is based on the monitoring of a broad range of wellbeing outcomes in the National Performance Framework (Scotland's Wellbeing Framework). The Monitor focuses on some of the key areas where the economy and economic policy contribute to those outcomes, including in those areas which influence future wellbeing.

The Monitor complements the indicators that have been selected to measure the success of the National Strategy for Economic Transformation (NSET), which focus on the key areas where NSET seeks to shift the dial.

This update to the Monitor provides more recent data, where that is now available, and further explanation of the indicators and how they can be interpreted.