Articles tagged with New Zealand Economy
NZ Economy Shows Growth in Late 2025 Despite Global Uncertainties
2 weeks ago | 191 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
3 weeks ago | 229 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 industryNew Zealand’s Trade Hits $61.2B in Q4 with Strong Export Growth
1 month ago | 247 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
1 month ago | 400 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 DevelopmentInvestNZ Launches Strategic Growth Areas and Investment Prospectuses for NZ
4 months ago | 415 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 Opens Doors to Overseas Investors for Home Ownership under Active Investor Plus Visa
7 months ago | 684 viewsOverseas-based investors with a New Zealand investor residence visa can now buy a house in New Zealand to stimulate economic growth, despite the ban on foreigners purchasing residential housing. The Active Investor Plus residency visa, requiring a minimum investment of $5 million, aims to attract high net worth individuals to deepen their connection to New Zealand and contribute to the economy by allowing them to own a home. This policy change balances the desire to limit foreign ownership while attracting significant investors to invest in the country, potentially bringing in a total minimum investment of $1.8 billion.
Tags: Christopher Luxon Prime Minister New Zealand Investor residence visa Active Investor Plus Foreign buyer ban Overseas Investment Act New Zealand economy High net worth investorsPort of Auckland Wharf Expansion Fast-tracked for Economic Growth
7 months ago | 719 viewsInfrastructure Minister Chris Bishop and Regional Development Minister Shane Jones are pleased that the first Fast-track project, the Port of Auckland wharf expansion, has received approval under the Fast-track Approvals Act. The project includes a new wharf, berth extension, cruise terminal, and other upgrades, with construction set to start next month to create jobs and boost the economy. The Act streamlines the approval process for projects, with expert panels assessing applications and attaching necessary conditions, aiming to drive economic growth and efficiency in critical sectors like Auckland's port infrastructure.
Tags: Chris Bishop Shane Jones infrastructure New Zealand economy Environmental Protection Authority Auckland economy legislation expert panel project approval