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


Rise in Business Numbers Continues

Rise in Business Numbers Continues

Note: (1) This information comes from Statistics New Zealand's Business Frame. It excludes business engaged in farming, and generally excludes businesses whose GST turnover is less than $30,000 per year. The term 'business' includes enterprises which may be a company, partnership, trust, estate, incorporated society, producer board, local or central government organisation, voluntary organisation or self-employed individual. (2) FTE = full-time equivalent person.

Business numbers

•There were 294,954 New Zealand businesses at February 2003.

•This is an increase of 4.8 percent from February 2002 and an increase of 29.6 percent since February 1997.

•New Zealand businesses engaged 1.5 million FTEs as either employees or working proprietors.

Business size

•97 out of 100 businesses engaged fewer than 20 FTEs.

•These smaller businesses account for 42 percent of the total number of engaged FTEs.

•Only 1 in 200 businesses engaged 100 or more FTEs.

•These larger businesses employed 38 percent of FTEs.

Goods-producing and service industries

•Less than 1 in 4 businesses (69,490) were predominately engaged in producing goods.

•Between February 2002 and February 2003 the number of these businesses increased 3.6 percent.

•More than 3 out of 4 businesses (225,464) were predominately engaged in the service industries.

•Between February 2002 and February 2003 the number of these businesses increased 5.2 percent.

Individual proprietorships

•Almost 1 in 4 New Zealand businesses were individual proprietorships, owned by a single person and not a limited liability company.

•The number of individual proprietorships (70,060) has remained static in the last year but has decreased by 4.2 percent since February 1998.

•These businesses engaged approximately 92,000 FTEs or 6 percent of the national FTE total.

•The number of FTEs engaged decreased by 1,230 or 1.3 percent between February 2002 and February 2003.

Foreign ownership

•There were 5,450 New Zealand businesses with 50 percent or more foreign ownership.

•This was 1.8 percent of all businesses, which is almost the same proportion as in February 2002.

•These businesses engaged 15 percent of all FTEs.

This is the first of three media releases related to Statistics New Zealand's business demography statistics. It will be followed on 10 November 2003 by a release focussing on businesses in the regions and 20 November 2003 with a release containing key points about New Zealand industries. More information is available at:

Brian Pink

Government Statistician

© Scoop Media

Business Headlines | Sci-Tech Headlines


Maritime Union: Deepening Supply Chain Crisis Requires Action

Maritime Union of New Zealand National Secretary Craig Harrison says the global COVID-19 pandemic exposed pre-existing weaknesses in our logistics sector, and created enormous problems... More>>

Air New Zealand: Employees Recognised With $1,000 Share Award

The efforts Air New Zealand employees made during one of the airline’s toughest years will be recognised via an award of $1,000 worth of company shares to all permanent employees... More>>

Consumer NZ: Bank Complaints On The Rise, Survey Shows

Nearly one in five Kiwis had a problem with their bank in the past year, Consumer NZ’s latest satisfaction survey finds. Consumer NZ chief executive Jon Duffy said the number of bank customers reporting problems had jumped to 18%, up from 11% in 2020... More>>

Mercury: Enters Into Binding Agreements To Acquire Trustpower’s Retail Business

Mercury NZ Limited (Mercury) has announced that it has entered into binding agreements with Trustpower Limited (Trustpower, NZX:TPW) to acquire Trustpower’s retail business for NZ$441 million... More>>


ASB: New Zealanders Missing Out On Hundreds Of Millions In KiwiSaver Government Contributions

New Zealanders have just over a week to ensure they’re eligible for the maximum annual government KiwiSaver contribution... More>>

Stats NZ: GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip

Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today. "After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021... More>>