Regional Gross Domestic Product (GDP)
Key points
Gross Domestic Product (GDP) is an internationally accepted measure of economic activity. When presented on a regional basis, it provides an indication of the size and structure of a regional economy and measures the changes taking place within it. Economic statistics such as GDP provide a basis for monitoring and evaluating economic growth, and for making economic decisions.
- Based on estimates by Statistics New Zealand, the Waikato Region contributed approximately $10.6 billion or 8.1% of national GDP in 2003.
- Based on the National Bank’s Regional Economic Activity Index, the Waikato Region has tended to slightly outperform national average economic growth over much the period since the late 1980s. Following a relatively lengthy period of sustained growth, the rate of economic growth entered a recessionary period during 2008-2009. An economic recovery appeared to have begun during the latter half of 2010, but initial gains have not been maintained. As at September 2011, annual average percent growth in economic activity was estimated at 0.1% for the Waikato Region and 0.6% for New Zealand..
Regional GDP estimates – Waikato Region
| |
2000 |
2001 |
2002 |
2003 |
| Northland |
2,787 |
3,106 |
3,370 |
3,243 |
| Auckland |
39,518 |
40,277 |
43,301 |
47,689 |
| Waikato |
8,930 |
10,119 |
11,087 |
10,598 |
| Bay of Plenty |
5,721 |
6,134 |
6,551 |
6,689 |
| Gisborne |
916 |
960 |
1,001 |
1,031 |
| Hawke's Bay |
3,569 |
3,839 |
4,122 |
4,318 |
| Taranaki |
3,743 |
4,600 |
4,678 |
4,414 |
| Manawatu-Wanganui |
4,847 |
5,201 |
5,557 |
5,594 |
| Wellington |
16,790 |
17,046 |
18,283 |
19,286 |
| Tasman / Nelson |
1,943 |
2,080 |
2,282 |
2,343 |
| Marlborough |
955 |
1,045 |
1,161 |
1,193 |
| West Coast |
662 |
755 |
804 |
779 |
| Canterbury |
12,538 |
13,237 |
14,195 |
15,074 |
| Otago |
4,344 |
4,683 |
5,127 |
5,411 |
| Southland |
2,434 |
2,861 |
3,120 |
3,023 |
| New Zealand GDP |
109,696 |
115,941 |
124,639 |
130,687 |
Source: Statistics New Zealand
Notes: Figures may not sum due to rounding. All figures are in current prices ($million). Timeframe is year ended March.
Annual average percent growth of NBNZ index of regional economic activity, March 1987 to September 2011
Source: National Bank of New Zealand (NBNZ): Regional Trends
Note: Historical series is subject to retrospective change each quarter.
What agencies are doing
Information currently being collated.
What you can do to help
Information currently being collated.
More information
More detail on this indicator, including how and where this information is collected, is available here.
What we want to achieve
The community outcomes we are seeking to achieve by increasing regional GDP are:
- Our regional and local economies are robust and diverse, providing opportunities throughout the Waikato region.
- The growth, wealth and uniqueness of the Maori economy is acknowledged and supported.
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