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

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REGIONAL GDPRegional GDP image

  IMPROVING TREND 

 

There was an expansion in real Gross Domestic Product (GDP) between 2007 and 2017 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 graph showing regional GDP in the Waikato reigon

Year

Real GDP per persion

(2017 prices)

2000 $36,243
2001 $39,607
2002 $41,725
2003 $39,059
2004 $40,760
2005 $41,431
2006 $42,293
2007 $45,509
2008 $45,890
2009 $46,910
2010 $44,552
2011 $44,310
2012 $46,448
2013 $44,723
2014 $48,480
2015 $47,492
2016 $48,201
2017 $50,068

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 in the 2010 and 2013 period and has since recovered.
  • According to Statistics New Zealand, growth in Waikato regional GDP over the period 2012 to 2017 was led by the manufacturing and construction industries. Growth in these industries offset a substantial decrease in the agriculture industry over this period.
  • In 2017, the Waikato region contributed 8.4 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.   

 


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 2017 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 2016.

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