Skip to content

Regions grow by taking opportunities

14/11/2017

Homepaddock

The first release of regional GDP data shows that regions which take their opportunities had better growth.

Taranaki, Southland, and the West Coast experienced the largest increases in gross domestic product (GDP) from 2007–10, while Auckland was responsible for over one-third of the country’s economic production, new research from Statistics NZ showed.

Statistics NZ released today GDP for 15 regions across New Zealand.

“This is the first official measure of New Zealand’s regional economies. It covers the 2007 to 2010 period and so provides a useful benchmark for future analysis,” regional statistics manager Peter Gardiner said.

“The increase in economic activity over the period was mainly centred in rural regions, reflecting a strong period for the primary industries. Manufacturing slowed in 2009, contributing less to GDP in urban regions.”

Taranaki’s economy increased 46.9 percent in size over the four years, the largest increase for any region, due to expansion in oil…

View original post 483 more words

Comments are closed.

%d bloggers like this: