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

 


Auckland and Canterbury lead regional GDP increase

Auckland and Canterbury lead regional GDP increase


28 March 2014


In the year ended March 2013, Auckland and Canterbury had the largest (nominal value) increases in gross domestic product (GDP) by region, Statistics New Zealand said today.

Regional GDP figures showed the largest increases were in Canterbury (6.0 percent), Auckland (3.3 percent), Wellington (1.5 percent), and Otago (1.5 percent). The national increase was 2.0 percent.

Decreases were recorded in eight of 15 regions as a result of fluctuations in commodity prices and the 2012/13 drought, which was the worst since 1946. The West Coast, Hawke’s Bay, and Gisborne showed the largest decreases.

“Canterbury's increase was led by the Christchurch rebuild with the construction industry the leading contributor,” regional economic statistics manager Peter Gardiner said.

Taranaki recorded the highest GDP per capita at $74,341, followed by Wellington ($57,941) and Southland ($52,701). Gisborne had the lowest GDP per capita ($34,472). The national average was $47,532.

“The high average figure for Taranaki is largely due to the contribution of oil and gas operations and to a lesser extent dairy farming,” Mr Gardiner said.

New Zealand’s total GDP was $211.6 billion in the year ended March 2013. The North Island contributed 76.7 percent to New Zealand’s GDP, compared with 23.3 percent from the South Island.

Auckland’s contribution to national GDP in the year ended March 2013 was 35.3 percent. Wellington contributed 13.5 percent with Canterbury narrowly behind at 13.2 percent. The smallest contribution was from the West Coast (0.7 percent).

New Zealand's regional economies 2013 visually presents the key measures of the 15 regional economies.
For more information about these statistics:
• Visit Regional Gross Domestic Product: Year ended March 2013
• Visit New Zealand's regional economies 2013 – infographic
Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news