Stats NZ has a new website.

For new releases go to

www.stats.govt.nz

As we transition to our new site, you'll still find some Stats NZ information here on this archive site.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Economic Development Indicators 2007

Economic Development Indicators 2007 is the third publication of its kind, and follows on from the last economic development indicators reports (published in 2005 and 2003). This time, Statistics New Zealand has joined the Ministry of Economic Development and The Treasury in producing this report.

The report draws together a broad range of indicators, providing us with a useful picture of New Zealand's economic performance. In putting together this edition, we have incorporated a wider range of indicators than in the previous two editions. The additional indicators are in areas such as well-being and prosperity, regulation and tax policy, infrastructure and Auckland's performance as an international city. Most indicators in this report are benchmarked against the Organisation for Economic Co-operation and Development (OECD). However, a selective set of indicators also compares New Zealand with the Australian states to provide a different perspective on New Zealand's recent economic performance.

This report shows that New Zealanders overall have a good quality of life and that the economy has performed well over the past few years, with per capita growth in gross domestic product (GDP) somewhat above the OECD average. However, much of New Zealand's recent economic growth can be attributed to our high levels of labour utilisation, evidenced by record low unemployment. If we are to achieve per capita incomes similar to those countries in the top half of the OECD, or in the more successful states of Australia, we need to match our high labour utilisation with high labour productivity. Labour productivity is influenced by levels of business innovation, investment in the latest technology and equipment, and by skills, infrastructure and scientific research. This report provides indicators that show how we are doing on all these fronts.

Overall, New Zealand's ranking within the OECD for many of the indicators in this report is not high. That said, the direction of change in many areas such as investment, patenting and expenditure on research and development (R&D) is positive. Many of New Zealand's economic foundations, such as our institutional and regulatory environment, remain solid.

We will update these indicators when new data is available and changes in the indicators can be assessed. Regular publication will provide a valuable information base against which to monitor progress towards the government's key economic objectives. Ongoing work on strengthening and further improving the official statistics system will improve the coverage, quality and timeliness of statistics relevant to some key areas of this report.

Building a shared understanding of the New Zealand economy, its drivers and its performance is an important requirement for economic policy making. Like its predecessors, this report presents the strengths and weaknesses of the New Zealand economy and supports a dialogue that will contribute to the government's overall sustainable economic development objective.

Published December 2007

ISSN 1178-4482 (Print)
ISSN 1178-4490 (Online)

The downloadable file is in Adobe Acrobat format. If you do not have the Adobe Acrobat Reader you may download the reader to view or print the contents of this file.

  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+
Top
  • Share this page to Facebook
  • Share this page to Twitter
  • Share this page to Google+