There was moderate expansion in real Gross Domestic Product (GDP) between 2007 and 2016 despite events affecting the economy such as fluctuations in agricultural commodity prices.
This indicator is an estimate of real (inflation adjusted) regional GDP per person and per year, using Statistics New Zealand’s estimated regional GDP per person in the Waikato region.
Gross Domestic Product (GDP) is an internationally accepted measure of economic activity. By using this measure to monitor our region’s economic growth, we can make sound economic decisions which will benefit those living in the Waikato region. Our decisions can also take account of how these benefits can link with other regional, national and global economies.
Check out related information on our website and other organisations’ websites listed on our Waikato Progress Indicators’ Useful Links page.
DATA SOURCE AND SUPPORTING INFORMATION
Statistics New Zealand’s annual Regional Gross Domestic Product (GDP)(external link) estimates are published in current (nominal) prices. These SNZ data have been inflation adjusted to June 2016 dollars using June quarter Consumer Price Index (CPI) values.(external link)
Update details: SNZ GDP per capita estimates are released in March each year and freely available online.
DATA AVAILABILITY – OTHER THAN WAIKATO REGION:
Territorial Authority (TA) disaggregation: No
Other regions: Yes
New Zealand: Yes
Other countries/Organisation for Economic Co-operation and Development (OECD): Comparative data between New Zealand and other countries/OECD are available for GDP per head in US$ current prices. The data(external link) shows that New Zealand’s real per capita level of GDP was around $4,000 below the OECD average in 2015.