The High Tech Manufacturing Report provides data and analysis on New Zealand's high and medium high technology manufacturers. Economy and sectors. New Zealand has the 53 rd largest economy globally regarding nominal GDP. Sheep grazing, South Island, New Zealand. Please note: This content will change over time and can go out of date. The economy is dependent on international trade with other countries. We update it about 4 times a year. "http:":"https:";if(/^\/{2}/.test(s)&&(s=a+s),window[i]&&window[i].initialized)window[i].process&&window[i].process();else if(!e.getElementById(n)){var r=e.createElement(t);r.async=1,r.id=n,r.src=s,d.parentNode.insertBefore(r,d)}}(document,"script","infogram-async","//e.infogr.am/js/dist/embed-loader-min.js"); Thermal plants fired with coal and natural gas constitute much of the remaining generating capacity, although a small but growing amount comes from geothermal sources. A range of resources are compiled to support policy advice and monitoring and provide the evidence base for the recovery phase. Avocados are grown in the Bay of Plenty and Northland. Please note: This content will change over time and can go out of date. Auckland’s tradeable industries produce goods and services for international markets and generate the majority of Auckland's export revenue. Blackcurrants, grapes, and berries are also grown in the country. New Zealand has the 53rd largest economy globally regarding nominal GDP. It brings together a range of economic datasets we produce jointly with Statistics New Zealand … The Sectors Reports Series and the New Zealand Sectors Dashboard provides up-to-date information on all the industry sectors that make up the New Zealand economy. The Auckland Growth Monitor complements the Auckland Index by telling the story behind our region’s economic data. The economy nosedived 12.2% in seasonally-adjusted quarter-on-quarter terms in the second quarter of 2020, following the first quarter’s 1.4% decrease. The New Zealand Sectors Dashboard is a 1-stop shop for all information about New Zealand's economy by sectors. Apart from fruits, the other large horticultural export is fresh vegetables. Information is presented using dynamic graphs and summary tables. New Zealand accounts for about a quarter of the world’s kiwifruit produce. There is fish farming in the country which began in the 1980s and oysters, salmon, and mussels are bred in the fish farms for export which earned the country a total of $226 million in 2006/2007. Most minerals, metallic and nonmetallic, occur in New Zealand, but few are found in sufficient quantities for commercial exploitation. The New Zealand stock market rose 22% in 2017, buoyed by an economy growing at a rate above its long-term trend. We use our expertise in funds management, tourism, major events, firm-level investment, SMEs, digital technology impacts and other priority sectors to support the government’s objectives. What Do The Colors And Symbols Of The Flag Of New Zealand Mean? Other big dairy companies include Synlait, Westland Milk Products, and Tatua Co-operative Dairy Company. !function(e,t,n,s){var i="InfogramEmbeds",o=e.getElementsByTagName(t),d=o[0],a=/^http:/.test(e.location)? Auckland Index Circular Economy Auckland Growth Monitor Sectors of focus ... Employment in our advanced industries has grown significantly and Statistics New Zealand has reported that advanced industry workers have higher than average incomes, earning on average NZ$27,000 more a … In 2017, the mining industry contributed to 1.3% of the GDP. They make up 97% of all businesses in New Zealand and make a significant contribution to our economy and society. Impediments to economic expansion have been the slow growth of the economy of the United Kingdom (which formerly was the main destination of New Zealand’s exports) and its eventual membership in the European Community (later the European Union) and the high tariffs imposed by the major industrial nations against the country’s agricultural products (e.g., butter and meat). Government is investing in regionally focused initiatives to enhance economic development opportunities. Australia imports a big chunk of timber from New Zealand which is mostly used by the paper-making industries. Forestry has always been important, but the emphasis has swung from felling the original forest for timber to afforestation with pine and fir trees for both timber and pulp. The biggest industries in New Zealand include the Agricultural and horticulture sector, mining, and fishing industries. Reforming the building regulatory system and building and construction sector, Building and maintaining New Zealand’s homes and buildings, Investigations and reviews for safer buildings, Supporting a skilled and productive workforce, Regulating building professionals and practitioners, Weathertight Homes Resolution Service claims statistics, Evaluation of 2016 changes to the Residential Tenancies Act, A Minerals and Petroleum Resource Strategy, Subscribe to Energy and Resource Markets news, Disclosure regulations and third-party fundraisers consultation, Temporary migrant worker exploitation review, Making it easier to travel to New Zealand, New Zealand-Aotearoa Government Tourism Strategy, Agencies, policies and budget initiatives, New Zealand Space Agency news and activities, New Zealand is the ideal location for New Space, Permits and licences for space activities, Space-related opportunities in New Zealand, NASA internships and New Zealand Space Agency scholarships, Best practice guidance on dispute resolution, New Zealand Government Procurement and Property, New Zealand government procurement open data, Privacy statement for Telephone Interpreting Service, Making a difference through public policy, Published Official Information Act requests, State Services Commission Inquiry into the use of external security consultants, Managed Isolation and Quarantine enquiry form, People are skilled, adaptable and have access to lifelong learning, Enable a step change for Māori and Pacific economies, Sustainable and affordable energy systems, The benefits of the New Zealand screen industry, Information about the New Zealand Screen Sector, He kai kei aku ringa: Strategy and action plan, Tabana Nius — Pacific Economic Strategy newsletter, Modelled Territorial Authority Gross Domestic Product, Forestry and wood processing spotlight report series. Exports For example, from 1920 to the late 1930s, the dairy export quota was usually around 35% of New Zealand's total exports, and in some years made up almost 45%. In addition, construction materials, with which the country is well endowed, are quarried. Definition: This entry shows where production takes place in an economy. These industries and sectors are grouped into advanced industries, tradeable industries and enabling industries.
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