Maersk Dabou loads containers for export from Port
Chalmers. Photo by Stephen Jaquiery.
Otago's contribution to New Zealand's gross domestic
product has declined, overshadowed by heat in the economies of
Auckland and Canterbury, but it still made gains where eight
other areas did not.
New Zealand's total GDP was $211.6 billion for the year to
March, with the North Island contributing 76.7% and the South
Island 23.3%, data from Statistics New Zealand revealed
There were GDP decreases in eight of 15 regions, because of
fluctuating commodity prices and the 2012-13 drought, the
worst since 1946.
SNZ regional economic statistics manager Peter Gardiner said
Canterbury's increase was led by the Christchurch rebuild,
with the construction industry the leading contributor, while
Taranaki recorded the highest GDP per capita at $74,341;
Otago was at $43,086.
''The high average figure for Taranaki is largely due to the
contribution of oil and gas operations and to a lesser extent
dairy farming,'' Mr Gardiner said in a statement.
Economic Development Minister Steven Joyce said provincial
regions across the country had led New Zealand's economic
recovery from the global financial crisis, according to the
He said the Bay Of Plenty, Gisborne and Hawkes Bay and
Nelson-Tasman, Canterbury, Otago and Southland, had
experienced growth above the national average of the
five-year period from 2008 to 2013, while Auckland, the West
Coast, and Waikato had been just under the average. However,
Labour leader and Regional Development spokesperson David
Cunliffe said the data showed the regions were being
''hollowed out'', under National policy.
The data showed economic activity per capita went backwards
in Waikato, Gisborne, Hawkes Bay, Taranaki,
Manawatu-Wanganui, Marlborough, the West Coast and Southland.
Earlier this week, the country's overall GDP figures were
released, with manufacturing activity, at its highest level
in eight years, to the forefront of gains.
Dairying for the quarter had declined after earlier gains.
Otago has been to the forefront of the national manufacturing
index in recent months, showing repeated expansion.
Also this week, primary trade data showed dairying, logs and
sheep meat were behind a 17% boost to February exports,
propelling exports to the highest-ever February trade surplus
of $818 million, largely on increasing exports to China, then
While the national regional GDP increase was 2%, the largest
increases were in Canterbury, at 6%, Auckland 3.3%,
Wellington 1.5%, and Otago 1.5%, having fallen from a 5.2%
contribution the previous year.
During 2012, sheep and beef farming had boosted Otago's GDP.
In 2013 agriculture had declined, but was offset by rises
elsewhere. For the five years to 2011, agriculture's
contribution to Otago was up 84.8%.
Auckland's contribution to national GDP was 35.3%, Wellington
13.5%, Canterbury 13.2%, Otago 4.3%, and the smallest
contribution from the West Coast, at 0.7%.