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First official release of regional GDP
Embargoed until 10:45am  –  28 June 2013

Regional Gross Domestic Product: Year ended March 2007–10  –  Media Release

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 and gas production. Supporting industries such as construction and manufacturing also increased from 2007 to 2010.

The West Coast and Southland economies also increased in size substantially, 23.8 percent and 23.3 percent, respectively. This increase was driven by dairy farming, which lifted the South Island’s overall contribution to national GDP by 0.6 percentage points to 22.3 percent.

The economic slowdown in 2009 had a broad impact on Auckland’s industries, especially manufacturing and distribution. Between 2007 and 2010, Auckland’s contribution to national GDP fell 1.3 percentage points to 35.0 percent.

Wellington’s economy contributed 14.2 percent to national GDP in 2010, with the public administration, and professional and business service industries sustaining the region’s economy over the economic slowdown. Canterbury was the third-largest regional economy, contributing 12.2 percent to national GDP.

New Zealand’s total GDP was $189.7 billion in the year ended March 2010. The North Island contributed 77.7 percent to New Zealand’s GDP, compared with 22.3 percent from the South Island. National GDP increased 11.7 percent between 2007 and 2010.

New Zealand's regional economies visually presents the size and main industries of the 15 regional economies.

Ends

For media enquiries contact: Authorised by:

Peter Gardiner
Wellington 04 931 4600 
Email: info@stats.govt.nz

Published 28 June 2013

Dallas Welch
Acting Government Statistician
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