Regions supporting a growing economy, more jobs
Regional New Zealand led our country out of the global financial crisis and the latest statistics show economic growth continues across all regions – supporting more jobs, higher incomes, and further opportunities for New Zealanders.
Statistics New Zealand reports solid growth across the country in the year to March 2014, with particularly strong growth in the South Island.
The increase in economic growth, combined with 80,000 new jobs in the past year, paints a strong picture of a broad-based economic recovery. Strong sustainable economic growth is the only way to create more jobs and increase incomes.
In 2014, Auckland’s GDP increased 5.1 percent. The financial and insurance services industry was the largest contributor to the region’s GDP increase, followed by the construction and manufacturing industries.
For New Zealand to build a more productive and competitive economy, we need all our regions to reach their potential. That’s what the Government’s Business Growth Agenda is all about. It focuses on the six key drivers businesses need to thrive – capital markets, infrastructure, skills, export markets, innovation, and natural resources.
That’s why we’re working across the country doing things like building Roads of National Significance and accelerating regional roading projects, putting in ultra-fast and rural broadband, and encouraging water storage and new irrigation projects. National cycle trails around the country are helping boost our tourism industry, and supporting local jobs.
We’re supporting the development of skills with the likes of our Youth Guarantee programme, apprenticeships, and encouraging the study of science and technology subjects.
The regional growth report was not the only good economic news, confirming New Zealand is in good shape and getting better under National.
The Reserve Bank says the economy remains strong with the fall in petrol prices increasing households’ buying power and lowering the cost of doing business. Employment and building activity are strong, while inflation and interest rates remain low. Net immigration remains high and the Government is supporting growth.
The Government’s books for the seven months to January show a $77 million surplus – for the first time since 2009. Though it is too early to say whether we will have a surplus for the full 2014/15 year, this result demonstrates the strides we’ve made in improving the Government’s finances.
And in addition, leading credit rating agency Moody’s has just reaffirmed New Zealand’s top-of-the-line Aaa credit rating with a stable outlook, noting the strength of the economy and improving government finances. This is a further endorsement of National’s responsible economic management.
Migrants living in various regions of New Zealand have contributed positively to the economy.
The Government’s programme is delivering results for New Zealand families. We will continue working hard over the next few years to build on the gains we have all achieved to date.
Regional New Zealand led our country out of the global financial crisis and the latest statistics show economic growth continues across all regions – supporting more jobs, higher incomes, and further opportunities for New Zealanders.
Statistics New Zealand reports solid growth across the country...
Regional New Zealand led our country out of the global financial crisis and the latest statistics show economic growth continues across all regions – supporting more jobs, higher incomes, and further opportunities for New Zealanders.
Statistics New Zealand reports solid growth across the country in the year to March 2014, with particularly strong growth in the South Island.
The increase in economic growth, combined with 80,000 new jobs in the past year, paints a strong picture of a broad-based economic recovery. Strong sustainable economic growth is the only way to create more jobs and increase incomes.
In 2014, Auckland’s GDP increased 5.1 percent. The financial and insurance services industry was the largest contributor to the region’s GDP increase, followed by the construction and manufacturing industries.
For New Zealand to build a more productive and competitive economy, we need all our regions to reach their potential. That’s what the Government’s Business Growth Agenda is all about. It focuses on the six key drivers businesses need to thrive – capital markets, infrastructure, skills, export markets, innovation, and natural resources.
That’s why we’re working across the country doing things like building Roads of National Significance and accelerating regional roading projects, putting in ultra-fast and rural broadband, and encouraging water storage and new irrigation projects. National cycle trails around the country are helping boost our tourism industry, and supporting local jobs.
We’re supporting the development of skills with the likes of our Youth Guarantee programme, apprenticeships, and encouraging the study of science and technology subjects.
The regional growth report was not the only good economic news, confirming New Zealand is in good shape and getting better under National.
The Reserve Bank says the economy remains strong with the fall in petrol prices increasing households’ buying power and lowering the cost of doing business. Employment and building activity are strong, while inflation and interest rates remain low. Net immigration remains high and the Government is supporting growth.
The Government’s books for the seven months to January show a $77 million surplus – for the first time since 2009. Though it is too early to say whether we will have a surplus for the full 2014/15 year, this result demonstrates the strides we’ve made in improving the Government’s finances.
And in addition, leading credit rating agency Moody’s has just reaffirmed New Zealand’s top-of-the-line Aaa credit rating with a stable outlook, noting the strength of the economy and improving government finances. This is a further endorsement of National’s responsible economic management.
Migrants living in various regions of New Zealand have contributed positively to the economy.
The Government’s programme is delivering results for New Zealand families. We will continue working hard over the next few years to build on the gains we have all achieved to date.
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