Bay of Plenty Regional GDP: Year ended March 2016

Bay of Plenty Regional Gross Domestic Product: Year ended March 2016

Bay of Plenty

In nominal terms (unadjusted for inflation):

· From 2011–16, Bay of Plenty’s economy increased 21.7 percent (below the national movement of 23.8 percent).

· The 2011–16 increase was driven primarily by rental, hiring, and real estate services; construction; and owner-occupied property operation.

· In 2014, Bay of Plenty’s GDP increased 4.4 percent, led most notably by agriculture, up 24.7 percent.

· In 2015, Bay of Plenty’s economy increased 1.9 percent. Broad-based industry increases were led by construction; manufacturing; and electricity, gas, water, and waste services, while agriculture decreased sharply, down 30.9 percent.

· In 2016, Bay of Plenty’s GDP increased 7.7 percent, making it the strongest performing regional economy. The increase was underpinned by strong performances across the professional and administrative services, and agriculture industries, primarily kiwifruit.

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

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

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

For more information about these statistics:

• Visit Regional Gross Domestic Product: Year ended March 2016
•

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