Friday graph

I thought it might be uplifting – or at least salutary – to end each week with a graph. Here’s the first. I’ll kick off with a comparison with our mates* from across the ditch.

The first point to take from this graph is the well-known one – New Zealand’s per capita income compared to the OECD average (OECD = 100) was declining for many years up to the early 1990s.

The second, less well understood, is that following the economic reforms of the 1980s and early ‘90s we have kept pace with the OECD overall – a vast improvement.

The third point, however, is that Australia has done a little better than the OECD average and our income gap with Australia is wide and not closing. 

      *mates, colleagues, children, grandparents…

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