Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Natural resources at heart of NZ regional economies

Hon Steven Joyce

Minister for Economic Development

5 June 2014 Media Statement
Natural resources at heart of NZ regional economies

Economic Development Minister Steven Joyce today released the 2014 Regional Economic Activity Report, which highlights the importance of the natural resources sector to New Zealand’s regional economies.

The report, produced by the Ministry of Business, Innovation and Employment, brings together comprehensive economic data on New Zealand’s 16 regions in one place. It also identifies specific initiatives under way in each region through the Government’s Business Growth Agenda. It is the second report in an annual series.

“The 2014 Regional Economic Activity Report highlights the diversity of our regions, with each making a different contribution to the national economy,” Mr Joyce says. “It also shows examples of both larger urban centres and smaller rural economies that are doing well.

“The report shows that the natural resource industries are the foundation for economic activity in most of our regional economies. What is clear is that policymakers at all levels need to be careful about policy changes that would hurt these sectors and impact on jobs and growth in regional New Zealand.

“Over the last decade, agricultural regions have benefited from rising commodity prices for dairy products and, more recently, meat. However, signs of recovery from the Global Financial Crisis are obvious across the board, with employment numbers increasing in all regions over the last year.

“The report highlights the strengths and challenges each region faces and the opportunities they have to further contribute to New Zealand’s economic growth. It is a useful tool to support planning at all levels and I expect it to encourage public debate about how each region can be more successful.”

This year’s Regional Economic Activity Report includes for the first time the official measure of regional gross domestic product, more comprehensive figures on employment and incomes, and new sections on population and Māori economic development.

To complement the report, an interactive website has been developed that contains information on 66 sub-regional areas. This finer detail is available online or can be accessed on the go, through a download for tablets.

To further support economic growth, the Government is also working with local stakeholders on a series of more in-depth studies on the East Coast, Northland, Manawatu-Wanganui and Bay of Plenty regions. These will provide a more detailed assessment of the particular strengths and challenges that these regions face and how their economies can be developed.

“Nothing creates jobs and boosts incomes better than business growth and investment,” says Mr Joyce. “For New Zealand to build a more productive and competitive economy, we need all of our regions to achieve to their potential.

“Each region has advantages which it can build upon and diversify from. The problem is not a lack of opportunities – it’s how we continue to do better at creating wealth and jobs from the opportunities we have.”

The 2014 Regional Economic Activity Report and interactive website are available at:


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



#soperraid: Police Search Wellington Apartment Of TV3 Journalist

Police on Tuesday morning began searching the home of another Wellington journalist... police were searching the Wellington apartment of TV3’s Heather du Plessis-Allan as part of an investigation into her report on the unlicensed purchase of a rifle. More>>


Relationship Property, Declaratory Judgments, And... New Law Commission To Review Search And Surveillance Law

“This joint review will consider how this law has operated since it was passed, and whether any changes are needed to respond to issues such as the impact of modern technology on the ability of Police and other authorities to prevent and investigate crime,” says Ms Adams. More>>


Housing Issues: Homelessness On The Horizon For Baby Boomers

Baby Boomers who have held down jobs and contributed to the well-being of New Zealand through their taxes may yet become homeless in late middle age or early retirement without urgent Government action, says The Salvation Army. More>>


Treasury Has Doubts On Christchurch Rebuild And... Auditor-General Follows Up On EQC

Despite the improvements made, EQC could still learn better from complaints and improve its customer focus and interactions... Although the programme is nearing completion, EQC needs to provide the best service possible for the home owners whose homes are still to be repaired. More>>


Man Who Banned 'Into The River' Out The Door: Appointments To The Film And Literature Board Of Review

Internal Affairs Minister Peter Dunne has announced seven appointments to the Film and Literature Board of Review... “The new members of the Board... will provide a strong mix of skills and experience to help the Board carry out its functions, while representing a cross-section of society.” More>>


Climate Marches: New Zealanders March For Solutions Not Pollution

Ahead of the UN Climate Summit in Paris more than 15,000 New Zealanders have taken part in the Peoples Climate march in Auckland, kicking off the largest climate mobilisation the world has ever seen... More>>


Labour: Little Announces New Shadow Cabinet

“Labour had an impressive intake of fresh faces after last year’s election and newest MPs have now had a year to show what they’re made of. This reshuffle rewards hard work and continues my drive to renew our Caucus line up." More>>


Because Reasons: Someone Reckons David Seymour Is Politician Of The Year

Trans Tasman's 11th annual Roll Call has thrown a curve ball this year, ignoring the likes of John Key, Bill English, and Winston Peters to pick its politician of the year from the ranks of the new generation. More>>


Whaling: NZ Deeply Disappointed By Japan's Decision

“New Zealand is strongly opposed to whaling in the Southern Ocean. We call on Japan to take heed of the 2014 International Court of Justice decision and international scientific advice concerning their whaling activities.” More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news