Economy News & Articles
Government Invests $15.5M in Bay of Plenty Marina and Geothermal Projects
1 day ago | 52 viewsThe Government is investing $12.5 million through the Regional Infrastructure Fund to develop Ōpōtiki Marina, supporting aquaculture growth and creating up to 87 construction jobs. Additionally, a $3 million grant will fund the Gas to Geoheat – Tauranga Geothermal System Project, exploring geothermal energy potential to support future renewable energy initiatives and create 15-20 jobs. These investments aim to unlock the Bay of Plenty’s natural resource potential, boost regional economic growth, job creation, and energy security.
Tags: Shane Jones Bay of Plenty Ōpōtiki Marina Regional Infrastructure Fund aquaculture GeoExchange NZ Limited Tauranga Geothermal System geothermal energy Te Kaha Mount MaunganuiNew Zealand Manufacturing Hits Strongest Growth in Nearly Five Years
5 days ago | 140 viewsNew Zealand's manufacturing sector experienced its strongest growth in nearly five years, with the BNZ-BusinessNZ Performance of Manufacturing Index rising sharply to 59.7 in June, indicating robust expansion across new orders, production, and employment. The sector, which employs over 220,000 people and contributes significantly to GDP and exports, is driving economic growth and outperforming major global economies. Government support, including the Investment Boost initiative, is helping manufacturers invest in productivity-enhancing machinery, sustaining the sector's momentum and future development.
Tags: Cameron Brewer Stephen Toplis New Zealand BNZ BusinessNZ Manufacturing Small Business Investment Boost United States ChinaNew Zealand's Tourism Growth Plan Aims to Double Export Value by 2034
2 weeks ago | 225 viewsThe New Zealand Government, led by Tourism and Hospitality Minister Louise Upston, has released a Tourism Policy Statement to guide collaboration between central and local governments and industry in growing tourism and boosting regional economies. The policy aims to double the value of tourism exports by 2034 through strategic investments, infrastructure, marketing, and initiatives like the Regional Tourism Boost, which supports campaigns to attract international visitors beyond main centers and peak seasons. With $5 million allocated for round three of the Regional Tourism Boost, targeting key markets such as Australia, China, and North America, recent data shows tourism is recovering strongly, with international visitor numbers reaching 94% of pre-pandemic levels.
Tags: Louise Upston New Zealand Tourism Policy Statement Regional Tourism Boost International Visitor Levy Major Events and Tourism Package Stats NZ Australian market Chinese market North American marketNew Zealand Manufacturing Leads Economic Growth with 1.9% Rise in Q1 2026
3 weeks ago | 295 viewsNew Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and significantly contributing to the country's 0.8 percent GDP growth. This growth was driven by innovative firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare, reflecting strong productivity and forward orders. The government supports this sector through initiatives like the Investment Boost, aiming to enhance productivity and sustain manufacturing's role in New Zealand's economic recovery.
Tags: Cameron Brewer Dawn Aerospace Rocket Lab Fisher and Paykel Healthcare New Zealand Manufacturing GDP Small Business Advancing Manufacturing Aotearoa Manufacturing Productivity Advisory GroupNew Zealand Manufacturing Leads Economic Growth with 1.9% Rise in Q1 2026
3 weeks ago | 271 viewsNew Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and driving a 0.8 percent overall GDP increase, with strong performance in transport equipment and machinery manufacturing. Key firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare are spearheading innovation and productivity, supported by government initiatives such as the Investment Boost to encourage capital investment. Manufacturing, contributing around 8 percent of GDP and employing over 220,000 people, is central to New Zealand's economic recovery and future growth strategy.
Tags: Cameron Brewer Dawn Aerospace Rocket Lab Fisher and Paykel Healthcare New Zealand Manufacturing Small Business Advancing Manufacturing Aotearoa Manufacturing Productivity Advisory Group Investment BoostNZ Economy Grows Strongly in Q1 2026 with GDP Up 0.8% Amid Global Uncertainty
3 weeks ago | 338 viewsNew Zealand's economy showed strong momentum in the March 2026 quarter, growing 0.8%, nearly three times faster than Australia and twice as fast as the US, with GDP per capita and real purchasing power also rising. This growth reflects the resilience of New Zealanders amid challenging conditions and was supported by business investment and government policies, though uncertainty from the Middle East conflict may impact future growth. Despite short-term caution, the government remains focused on fiscal responsibility and expects economic growth to strengthen over time, leading to more jobs and higher incomes.
Tags: Nicola Willis Stats NZ New Zealand Australia United States Treasury Budget 2026 Middle East Kiwis Investment BoostNew Zealand Tourism Booms in April 2026 with 8% Visitor Increase
1 month ago | 335 viewsTourism in New Zealand is showing strong growth, with 288,500 international visitors in April 2026, reaching 94% of pre-pandemic levels and significant increases from key markets like China, the US, Australia, and India. The government’s targeted efforts, including visa-waiver trials and support for the tourism sector, are credited with driving this positive trend, which boosts business investment, jobs, and incomes. Despite global challenges such as the Middle East conflict and fuel supply issues, the sector’s resilience and ongoing growth demonstrate effective policies and a promising future for New Zealand’s tourism industry.
Tags: Louise Upston New Zealand Tourism Stats NZ United States Australia India China Middle East Pacific travelersBudget 2026 Boosts Auckland’s Growth with Health, Housing, Transport & Education Investments
1 month ago | 473 viewsBudget 2026 invests in Auckland’s health, housing, transport, and education to support its role as New Zealand’s economic engine. Key initiatives include funding for a South Auckland Hospital, a $400 million housing growth fund, over $1 billion for KiwiRail improvements, and $1.6 billion for schools. These investments aim to create a thriving, resilient city that drives national growth and fiscal responsibility.
Tags: Budget 2026 Auckland Simon Watts New Zealand health funding housing growth KiwiRail education investment economic growth infrastructureThe Growing Economic Impact of Older Workers in New Zealand’s Workforce
3 months ago | 591 viewsThe latest Business of Ageing report reveals that older New Zealanders significantly contribute to the economy through paid work, self-employment, taxes, spending, and unpaid care, with unpaid work valued at over $20 billion annually. Workforce participation among those aged 65 and over is increasing, with projections showing the number of older workers will more than double in the next 50 years, necessitating new policies to harness their skills. The report emphasizes the importance of recognizing and supporting the economic and social roles of seniors to better adapt to an ageing population.
Tags: Casey Costello Business of Ageing New Zealand seniors older workforce unpaid work economic contribution NZIER Office for SeniorsNew Zealand Tourism Surges with Record International Visitors in 2026
3 months ago | 769 viewsNew Zealand’s international visitor numbers continue to rise, with strong growth from China during Chinese New Year and a total of over 408,000 visitors in February 2026, marking significant recovery towards pre-COVID levels. Tourism and Hospitality Minister Louise Upston highlights that increased arrivals, including 1.54 million from Australia and a 214% rise in Chinese visitors due to eased travel requirements, support economic growth, jobs, and communities nationwide. The government’s ongoing support through promotional funding and partnerships aims to sustain this positive trend despite challenges like the fuel crisis.
Tags: Louise Upston New Zealand China Australia Stats NZ NZeTA Tourism Hospitality Government COVIDNew Zealand Economy Grows 0.2% in Q4 2025, Strong Start to 2026
3 months ago | 868 viewsEconomic data shows New Zealand's economy grew by 0.2% in the December quarter, with a 1.1% increase in the second half of 2025 after a flat first half. Finance Minister Nicola Willis notes that despite volatility and challenges like high inflation and interest rates, the economy is now in a stronger position. Although the recent Middle East conflict will affect growth, forecasts still predict continued economic expansion in 2026 under realistic scenarios.
Tags: Nicola Willis Finance Minister New Zealand GDP Stats NZ economy growth inflation interest rates Middle East conflict economic forecastNZ Economy Shows Growth in Late 2025 Despite Global Uncertainties
3 months ago | 680 viewsEconomic data shows New Zealand's economy grew by 0.2% in the December quarter, with a 1.1% increase in the second half of 2025 after a flat first half. Finance Minister Nicola Willis notes that despite volatility and recent Middle East conflicts, the economy is starting from a stronger position than in previous years. While the conflict may impact growth, forecasts still predict continued economic growth in 2026 under realistic scenarios.
Tags: Nicola Willis Finance Minister Stats NZ Gross Domestic Product New Zealand economy economic growth inflation interest rates Middle East conflict economic forecastNew Zealand’s Trade Hits $61.2B in Q4 with Strong Export Growth
4 months ago | 712 viewsNew Zealand's international trade statistics reveal strong export growth, reaching $29.2 billion in the December quarter, driven by key sectors like dairy, tourism, and meat. Trade and Investment Minister Hon Todd McClay highlights the importance of open markets, strong trading relationships, and government support in sustaining this success amid global economic uncertainty. The government remains committed to enhancing trade by reducing barriers, expanding free trade agreements, and empowering exporters to drive economic growth and job creation.
Tags: Todd McClay New Zealand Kiwi exporters international trade dairy exports tourism meat exports trade statistics free trade agreements New Zealand economyInternational Visitors Boost New Zealand Tourism with $12.5B Spend in 2025
4 months ago | 780 viewsInternational visitors to New Zealand are rapidly returning, with tourism contributing $12.5 billion to the economy for the year ending December 2025, a 3% increase from the previous year. Visitor numbers have reached 90% of 2019 levels, with spending per visitor and daily spending both rising, boosting local businesses and jobs. The government aims to double the value of tourism exports by 2034, highlighting the sector’s importance as New Zealand’s second-largest export earner.
Tags: New Zealand international visitors tourism visitor spend Louise Upston Australia United States hospitality MBIE tourism exportsNew Zealand Tourism Hits $46.6B in Spending, Boosts Jobs and Economy
4 months ago | 828 viewsNew Zealand’s tourism sector continues to grow, with total expenditure reaching $46.6 billion for the year ending March 2025, driven by a 7% increase in overseas visitor spending and arrivals. Tourism employment rose by 2.8% to 327,888 people, representing one in nine jobs, and tourism contributes 7.7% of GDP as the country's second highest export. The Government supports this growth through initiatives like the $70 million Major Events and Tourism Package and easing visitor visa requirements, aiming to boost regional economies and sustain long-term development.
Tags: Louise Upston New Zealand Stats NZ Tourism Satellite Account NZeTA Government Tourism and Hospitality Minister Tourism sector Overseas visitors Major Events and Tourism Package