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Auckland Economy Hits $100 billion

Auckland Economy Hits $100 billion


Auckland’s nominal GDP has passed $100 billion for the first time, Stats NZ said today.

Provisional figures released today show Auckland’s regional economy increased in value from $95.3 billion to $101.4 billion between March 2016 and March 2017 (an increase of 6.3 percent).

The increase was driven by strong rises in the rental, hiring, and real estate services; construction; and finance and insurance services industries. However, the 2017 increase is smaller than last year’s increase, when Auckland’s regional economy rose 7.8 percent.

Auckland’s top 18 industries are each valued at more than $1 billion. It is by far the largest regional economy in New Zealand – the next-largest is Wellington, which is valued at $35.6 billion. Auckland’s share of the national economy is 37.5 percent.

New Zealand’s regional economies 2017 visually presents the key measures of the 15 regional economies.

Video about Regional gross domestic product: Year ended March 2017

View our video Regional gross domestic product: Year ended March 2017


ENDS


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