Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

 

Bay of Plenty and Auckland top regional GDP increases

Bay of Plenty and Auckland top regional GDP increases – Media release

30 March 2017

Twelve of the 15 regional economies in New Zealand recorded nominal GDP increases in the year ended March 2016, Stats NZ said today.

Provisional estimates show the largest percentage increases were in the Bay of Plenty (7.7 percent), Auckland (6.0 percent), and Otago (4.8 percent). The national increase was 4.1 percent.

“The Bay of Plenty’s increase was underpinned by strong performances across the professional and administrative services, and agriculture, primarily kiwifruit,” senior national accounts manager Gary Dunnet said.

“The increase in Auckland was driven by the professional services, finance, and transport industries.”

Decreases were recorded in Taranaki (8.5 percent), the West Coast (2.8 percent), and Southland (1.0 percent).

“These decreases reflected a fall in mining and agriculture activity, mainly from the impact of lower international prices for oil, coal, and dairy products,” Mr Dunnet said.

Despite a fall in the region’s GDP, Taranaki retained the highest GDP per capita ($71,297), followed by Wellington ($67,888) and Auckland ($58,717). The Northland region had the lowest GDP per capita ($36,531). The national average was $54,178.

New Zealand's regional economies 2016 visually presents the key measures of the 15 regional economies.

This year's regional GDP release includes an additional year of provisional data for 2015 about regional industry activity.

Ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.