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  Community » Waikato Progress Indicators - Tupuranga Waikato » Report cards » Regional GDP

Regional GDP

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REGIONAL GDPRegional GDP image

  IMPROVING TREND 

 

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.
 

Why is this indicator important?

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.

Bar chart of Regional GDP per person from 2000 to 2016.Table of Regional GDP per person from 2000-2016

What is this indicator telling us?

  • Waikato GDP per person is typically around 10 per cent lower than the national average, largely due to the influence of higher average GDP per person in Auckland and Wellington.
  • In the wake of a slowdown in economic growth following the global financial crisis (GFC), regional GDP per person slumped and has slowly recovered to a positive growth path.
  • According to Statistics New Zealand, growth in Waikato regional GDP over the period 2011 to 2016 was driven by the manufacturing; rental, hiring and real estate services; and electricity, gas, water, and waste services industries. Growth in these industries offset a substantial decrease in the agriculture industry over this period.
  • In 2016, the Waikato region contributed 8.3 percent of New Zealand’s GDP.

Check out related information on our website and other organisations’ websites listed on our Waikato Progress Indicators’ Useful Links page.   

Click here to view report cards

 


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.

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