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

 

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Food: Govt Obesity Plan - No Tax Or Legislation

Speaking to Q+A’s Corin Dann this morning, health minister Jonathan Coleman said tackling obesity was at the top of the Government’s priority list, but there was “no evidence” a sugar tax worked, and further regulation was unnecessary. More>>

ALSO:

Treasury Docs On LVR Policy: Government Inaction Leads To Blurring Of Roles

The Treasury wouldn’t have had to warn the Reserve Bank to stick to its core functions if the Government had taken prompt and substantial measures to rein in skyrocketing Auckland house prices, Labour’s Finance spokesperson Grant Robertson says. More>>

ALSO:

Final EPA Decision: Tough Bar Set For Ruataniwha Dam

Today’s final decision by the Tukituki Catchment Board of Inquiry is good news for the river and the environment, says Labour’s Water spokesperson Meka Whaitiri. “Setting a strict level of dissolved nitrogen in the catchment’s waters will ensure that the dam has far less of an impact on the Tukituki river." More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news