Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Report Highlights Wellington’s Economic Opportunities

Hon Steven Joyce

Minister for Economic Development

30 April 2013 Media Statement

Report Highlights Wellington’s Economic Opportunities

Economic Development Minister Steven Joyce today released a never-before-seen insight into the economic performance of New Zealand’s regions, including the Wellington economy.
 
The Regional Economic Activity Report pulls together for the first time in one place the available economic data on all of our regions. It also provides a breakdown at the regional level some of the specific initiatives the Government has underway under its Business Growth Agenda.
 
“The report is designed to encourage more debate about what it takes for a region like Wellington to be successful, and to more clearly link the decisions that are made by local stakeholders about resource allocation and usage to the number of jobs available in a region,” Mr Joyce says.

“It is my expectation stakeholders will want to use it to compare and contrast the economic fortunes of different regions around the country, and ask themselves what lessons and opportunities there are for growth and jobs in their region.
 
“The report shows the strengths, challenges and opportunities in the Wellington economy. In particular it highlights the chance to internationalise Wellington’s business services firms, which are largely focussed on Government as their key client, and for the region to further boost its tourism takings.”
 
The report shows that Wellington employs 235,460 people, or 12.2 per cent of jobs in New Zealand, and the average household income is $88,900, above the national average of $80,600. The largest industries in Wellington are public administration or safety, professional, scientific and technical services, and healthcare and social assistance.
 
Mr Joyce says the report will be updated annually and the next report will include a new official measure of regional gross domestic product. This will be produced by Statistics New Zealand and initial data up to 2010 will be available in June this year.
 
“Our Business Growth Agenda is playing an important part in growing the Wellington economy by building the Wellington Airport to Levin Road of National Significance, upgrading commuter rail, rolling out ultra-fast broadband across the region, supporting research and development through Callaghan Innovation and the National Science Challenges, and funding for irrigation development.
 
“Nothing creates jobs and boosts incomes better than business growth.  For New Zealand to build a more productive and competitive economy, we need all of our regions to achieve to their potential.
 
“Each region needs to assess its performance and decide whether it is willing to take the opportunities that exist for jobs and economic growth.”

The report is available at: www.mbie.govt.nz/regions

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Broadband Network: Spark Launches New, Competitive Ultra Fibre Plan Line-Up

Spark is giving customers an even more compelling reason to switch to its Ultra Fibre plans from today with the introduction of new competitive pricing for the majority of its plans (details below) and Fibre Landline (voice-over-fibre technology) for ... More>>

Employment: ANZ Proposes Casualisation In Whangarei Stores

ANZ workers in Whangarei could see their incomes drop by 20 to 40 percent if the bank’s proposal to reduce the number of full-time positions goes ahead says FIRST Union national organiser Tali Williams. More>>

Finance: BNZ Develops Specialist Tāmaki Māori Banking Team

BNZ develops specialist Tāmaki Māori Banking Team to support Māori as Auckland grows More>>

Pharmaceuticals: Commerce Commission To Consider Pharmaceuticals Merger

The Commerce Commission has received an application from Pfizer Inc. seeking clearance to acquire all of the shares in Hospira Inc. More>>

Real Estate: Housing Unaffordability Issues Spread

Surging house prices in Auckland and Queenstown last month pushed home ownership even further beyond the reach of first home buyers in the two districts, according to the AMP360 Home Loan Affordability Report for March. More>>

Statistics NZ: Annual Exports To China Dip Below Australia

The value of goods exports to Australia ($8.7 billion) surpassed those to China for the year ended March 2015, Statistics New Zealand said today. More>>

Science: Hookworm Discovery At Malaghan Institute

Professor Graham Le Gros has led a team which has stimulated both innate and memory responses to the parasite, discovering along the way the unexpected behaviour of one particular immune cell, in Hookworm, one of the world’s most devastating tropical ... More>>

Business: Provinces Urged To Make Full Use Of New Air Services

Provincial New Zealand has been urged to use new air services to Auckland or risk losing them either partially or completely. The stark warning was issued today by Far North mayor John Carter at a ceremony at Kaitaia airport to mark the final Air ... More>>

Mobile: 2degrees To Credit All Calls And SMS To Nepal

In the wake of the devastating earthquake in Nepal in the weekend, 2degrees will be crediting all calls and SMS messages made to mobiles and landlines in Nepal from Friday 24th April until midnight Wednesday 29th April. More>>

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news