Articles tagged with Economy
Kiwi Exports to EU Surge $3 Billion in Two Years Boosting NZ Economy
3 days ago | 104 viewsKiwi exports to the European Union have surged by $3 billion in two years following the New Zealand-EU Free Trade Agreement, boosting the economy and supporting jobs nationwide. Key export gains include significant increases in butter, meat, industrial goods, and tourism, with total goods exports up 35% to $6.7 billion and services exports up 11% to $2 billion in the year to December 2025. This growth exceeds expectations, strengthens regional economies, and reinforces the EU as a vital trading partner for New Zealand amid global uncertainty.
Tags: Todd McClay New Zealand European Union Free Trade Agreement Kiwi exports trade economy dairy meat tourismSouth Island Rail Rebuild Boosts Economy with New Hub and Locomotives
1 week ago | 128 viewsThe rail system in the South Island is being rebuilt with a new maintenance hub in Christchurch and 66 new DM Class locomotives to boost the national economy and improve efficiency. These investments, totaling $1.2 billion since 2019, have enhanced fuel economy, hauling power, and schedule reliability, contributing to KiwiRail's $73 million half-year profit and a 7% increase in rail freight volumes. The project reflects a shift from road to rail freight, emphasizing the government's commitment to maximizing taxpayer-funded infrastructure value.
Tags: rail system national economy Christchurch South Island Rail Minister Winston Peters Julius Vogel Waltham Mechanical Hub DM Locomotives KiwiRailGovernment Boosts Advanced Technology Funding to Drive NZ Science Innovation
1 month ago | 220 viewsThe New Zealand Government is redirecting science funding towards areas with the greatest national impact, emphasizing advanced technology to boost productivity and international competitiveness. The Prime Minister’s Science, Innovation and Technology Advisory Council identifies four priority areas: primary industries and bioeconomy, technology for prosperity, environmental sustainability, and healthy people. By reallocating $122 million annually over three years, the Government aims to build a future-ready science workforce and strengthen the country’s research system through a carefully managed funding reset.
Tags: Shane Reti New Zealand Science Investment Plan Research Funding New Zealand Prime Minister’s Science Advisory Council advanced technology bioeconomy environmental sustainability science system innovationNew Zealand Economy Grows 0.2% in Q4 2025, Strong Start to 2026
1 month ago | 466 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
1 month ago | 341 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 forecastNZ Hospitality Summit 2026: Boosting Economy and Supporting Industry Growth
1 month ago | 358 viewsTourism and Hospitality Minister Louise Upston emphasized the hospitality industry's significant contribution to New Zealand’s economy, generating over $9 billion in GDP and shaping visitor experiences. Since the first Hospitality Summit in 2024, the government has collaborated with the industry by introducing the Michelin Guide, investing in regional tourism, supporting major events, and reviewing regulations. The 2026 Summit focused on reflecting progress and planning practical steps to build a strong, resilient hospitality sector through continued partnership between government and industry.
Tags: Louise Upston Tourism and Hospitality Minister Hospitality Summit 2026 New Zealand economy Hospitality New Zealand Restaurant Association Michelin Guide Hospitality Sector Review Regional tourism Hospitality industryTransforming New Zealand Life Sciences: Innovation, Technology, and Future Growth
1 month ago | 330 viewsThe Minister of Science, Innovation and Technology highlighted New Zealand’s significant reforms to its science system, including the creation of unified funding bodies, advisory councils, and major bioeconomy institutes to enhance research impact and economic resilience. Emphasizing the convergence of life sciences with advanced technologies like AI and quantum computing, the government is investing in platforms such as the Biodiscovery Platform and Infectious Diseases Research Platform to drive innovation, health security, and sustainable growth. The Minister also addressed the importance of modernizing gene technology regulations to keep pace globally, underscoring the government’s commitment to supporting science that benefits New Zealand’s economy, environment, and communities.
Tags: Minister of Science Innovation and Technology BioTech NZ NZTech Prime Minister’s Science Innovation and Technology Advisory Council Research Funding New Zealand Bioeconomy Science Institute Public Health and Forensic Science New Zealand Institute for Advanced TechnologyNew Zealand’s Trade Hits $61.2B in Q4 with Strong Export Growth
2 months ago | 391 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 economyAhuwhenua Trophy 2026 Finalists Celebrate Māori Excellence in Agriculture and Horticulture
2 months ago | 556 viewsAgriculture Minister Todd McClay and Māori Development Minister Tama Potaka congratulated the finalists for the 2026 Ahuwhenua Trophy, which honors Māori excellence in farming and horticulture, highlighting their contribution to New Zealand’s economy and rural employment. The competition now includes horticulture, reflecting its 50% growth on Māori land since 2017, and recognizes the sector’s role in supporting Māori communities through jobs and reinvestment. Finalists will host field days for further judging, with the overall winner announced on 5 June in Whangārei.
Tags: Todd McClay Tama Potaka Ahuwhenua Trophy Mātai Pacific Iwi Collective Otama Marere Trust Ngāti Hine Forestry Trust Māori farmers horticulture New Zealand economy Māori DevelopmentNew Zealand Job Growth Boosts Economy as Unemployment Rate Slightly Rises
2 months ago | 468 viewsFinance Minister Nicola Willis highlights that an additional 15,000 people gained jobs in New Zealand in the last quarter of the year, alongside increased hours worked and job-seeking activity, indicating a growing economy. Although the unemployment rate rose slightly to 5.4%, it remains below Treasury forecasts, with expectations of a future decline as economic recovery continues. Additionally, the proportion of young people not in education, training, or employment decreased, reflecting positive outcomes from government efforts to support business growth and employment.
Tags: Nicola Willis New Zealand Finance Minister Stats NZ unemployment rate Treasury economy employment youth employment business confidenceNelson Marina Expansion Secures $12.89M Loan to Boost Economy and Jobs
3 months ago | 488 viewsNelson Marina has received a $12.89 million loan from the Regional Infrastructure Fund to expand its facilities, including installing a 110-tonne vessel hoist and increasing hardstand capacity from 14 to 54 bays. The project, co-funded by Nelson Marina Management Ltd with a matching $12.89 million, aims to create up to 110 construction jobs and 180 ongoing roles, boosting the region's $350 million blue economy. Construction is set to begin in May and is expected to be completed by mid-2028, supporting the government's goal of regional economic growth through improved infrastructure.
Tags: Nelson marina expansion Shane Jones Regional Development Minister Nelson Marina Management Ltd Regional Infrastructure Fund marine services economic growth blue economy marine engineeringNelson Marina Expansion Secures $12.89M Loan to Boost Economy and Jobs
3 months ago | 488 viewsNelson’s marina expansion has received a $12.89 million loan to upgrade infrastructure, including a 110-tonne vessel hoist and expanded maintenance capacity, aiming to boost the regional economy and create up to 180 ongoing jobs. The project, co-funded by Nelson Marina Management Ltd and owned by Nelson City Council, will also feature a new marine service centre with office, retail, and workshop spaces. Construction is set to begin in May and finish by mid-2028, supporting Nelson’s significant blue economy, which contributes over $350 million annually and employs more than 3,700 people.
Tags: Nelson marina expansion Shane Jones Regional Development Minister Nelson Marina Management Ltd Regional Infrastructure Fund marine services economic growth blue economy marine engineeringStrong Q3 Economic Growth Boosts Confidence Ahead of Christmas, Says Finance Minister
4 months ago | 760 viewsFinance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.
Tags: economy growth Nicola Willis Finance Minister Stats NZ Treasury Reserve Bank manufacturing sector construction business services GDP per capitaInvestNZ Launches Strategic Growth Areas and Investment Prospectuses for NZ
5 months ago | 505 viewsTrade and Investment Minister Todd McClay announced the launch of Invest New Zealand, an agency focused on attracting significant foreign investment to boost the economy by targeting projects from $20 million to $1 billion and advising on supportive policies. InvestNZ will prioritize six strategic growth areas, including renewable energy, technology, and advanced manufacturing, while acting as a bridge between local investors and high-value opportunities. Additionally, three investment prospectuses for Tourism, Wood Processing, and Innovative Food Production were introduced to showcase New Zealand's competitive sectors and attract global investors.
Tags: Todd McClay Invest New Zealand Foreign Direct Investment InvestNZ Active Investor Plus Auckland Business Chamber Tourism Wood Processing Innovative Food Production New Zealand economyNew Zealand Tourism Booms with 6% More Visitors and $12.3B Spend in 2025
5 months ago | 639 viewsInternational visitors to New Zealand are increasing in number and spending more, driving significant growth in the tourism sector and economy, with total spending reaching $12.3 billion for the year ending September 2025. Visitor numbers rose to 3.43 million, reaching 88% of pre-pandemic levels, boosted by higher-spending travelers, especially from the USA. The government supports this growth through the Tourism Growth Roadmap, aiming to double tourism export value by 2034 while enhancing visitor experiences and regional opportunities.
Tags: Louise Upston New Zealand Tourism International Visitors USA MBIE Tourism Growth Roadmap Hospitality Economy Visitor Survey