Tag: economic_growth
-
New Zealand Game Development Sector Achieves Record Revenue Growth, Driven by SMEs
New data reveals New Zealand's game development sector achieved record revenue of $829 million in 2025/26, a 17% increase. Small and medium-sized studios are key drivers, supported by NZ On Air's $21.9 million rebate.
BusinessScience & TechnologyPolitics and GovernmentEconomyEmployment and LaborComputers and InternetVideo GamesGeneral Politics NZ On AirGame Development Sector RebateEconomic GrowthSmall and Medium-sized BusinessesExport Industry
-
NZ Game Development Sector Achieves Record Revenue Growth
New Zealand's game development industry reports record $829 million revenue, a 17% increase, with 43 studios receiving $21.9 million in rebates. Small and medium-sized businesses are driving this significant export growth.
BusinessScience & TechnologyPolitics and GovernmentEconomyEmployment and LaborComputers and InternetVideo GamesGeneral Politics NZ On AirGame Development Sector RebateEconomic GrowthSmall and Medium-sized BusinessesExport Industry
-
Wellington Council Establishes Expert Business Advisory Groups
Wellington City Council has formed three expert business advisory groups to accelerate economic growth. This initiative fulfills a key commitment from the Council's Triennium Plan 2025–2028, aiming to drive development and prosperity in the city.
Politics and GovernmentBusinessEntertainmentState GovernmentsEconomySocial IssuesFilm and TV Wellington City CouncilEconomic GrowthBusiness Advisory GroupsTriennium PlanWellingtonLocal GovernmentEconomic Development
-
New Zealand Boosts University Research Commercialization with $40.7M Investment and New IP Rules
New Zealand's government is investing $40.68 million to commercialize university research and implementing new IP rules from July 1. This aims to accelerate economic growth and empower researchers to bring innovations to market.
Science & TechnologyBusinessPolitics and GovernmentEducationEconomyMedical ScienceEnvironmentGeneral Politics New Zealand GovernmentUniversity ResearchCommercializationIntellectual PropertyScience and TechnologyEconomic GrowthInnovation
-
Government Commits $22.4 Million to North Island Freight Hub
The New Zealand Government has approved up to $22.4 million for the rail component of Te Utanganui, a major freight hub in Palmerston North, aiming to boost efficiency, strengthen supply chains, and create jobs in the lower North Island.
Politics and GovernmentBusinessGeneral PoliticsEconomyEmployment and LaborTransportation Te UtanganuiPalmerston NorthFreight HubNew Zealand GovernmentRegional DevelopmentRail InfrastructureEconomic Growth
-
Manufacturing Sector Powers New Zealand's Economic Growth
New Zealand's manufacturing sector led economic growth in the March 2026 quarter, growing 1.9 percent. Minister Cameron Brewer highlighted its contribution to GDP and employment, supported by the government's Investment Boost initiative.
Politics and GovernmentBusinessScience & TechnologyEconomyGeneral PoliticsEmployment and LaborTransportation ManufacturingEconomic GrowthCameron BrewerGDPInvestment BoostMarch 2026 QuarterNew Zealand Government
-
New Zealand Economy Shows Strong Growth in Early 2026
New Zealand's economy grew 0.8% in Q1 2026, outperforming Australia and the US. Despite Middle East uncertainty, easing fuel prices and strong business investment signal underlying strength, with future growth expected.
Politics and GovernmentBusinessConflictGeneral PoliticsEconomyMiddle EastEmployment and LaborEducation GDPEconomic GrowthNicola WillisFinance MinisterBusiness InvestmentMiddle East ConflictNew Zealand Government
-
NZ Economy Grows 0.8% in March 2026 Quarter
New Zealand's GDP grew 0.8% in the March 2026 quarter, following a 0.5% rise in the previous period. Manufacturing was the largest contributor, increasing 1.9%, as nine out of 16 industries saw economic activity rise.
BusinessEconomyEmployment and Labor GDPEconomic GrowthManufacturingStatistics New ZealandMarch 2026 QuarterJason Attewell
-
New Zealand Government Invests $5 Million to Boost Tourism and Business Events
New Zealand's government is investing $5 million to boost tourism, targeting Australia, the US, and China, and attracting more business events to drive economic growth and reach pre-pandemic visitor levels by 2026.
BusinessPolitics and GovernmentEconomyGeneral PoliticsEmployment and LaborAustralasia TourismMarketingBusiness EventsLouise UpstonEconomic GrowthInternational Visitor LevyNew Zealand Government
-
New Zealand Sees Continued Surge in International Visitor Numbers
New Zealand's international visitor numbers surged in April 2026, reaching 94% of pre-pandemic levels. Record arrivals from the US, Australia, India, and a significant jump from China highlight tourism's strong economic contribution and the success of targeted government initiatives.
BusinessPolitics and GovernmentEconomyEmployment and LaborTradeGeneral Politics TourismInternational VisitorsLouise UpstonEconomic GrowthChinaStats NZNew Zealand Government
-
New Zealand Government Probes Council Rules Hindering Housing and Growth
New Zealand's RMA Reform Minister Chris Bishop has launched investigations into Wellington and Hamilton council planning rules, examining heritage and housing provisions that may impede development, economic growth, and job creation.
Politics and GovernmentBusinessGeneral PoliticsState GovernmentsEconomyReal EstateLegalSocial Issues Chris BishopRMA ReformWellingtonHamiltonhousingheritage ruleseconomic growthNew Zealand Government
-
The Opportunity Party Unveils "Abundant Energy" Plan for New Zealand
The Opportunity Party's "Abundant Energy" plan aims to deliver affordable, clean power in New Zealand, promising significant household savings, 5,000 new jobs, and a 300% increase in renewable generation by 2050 through strategic investment and market reforms.
Politics and GovernmentBusinessScience & TechnologyGeneral PoliticsEconomyEmployment and LaborEnvironmentClimate ChangeTransportation Energy PolicyRenewable EnergyThe Opportunity PartyElectrificationEconomic GrowthCarbon EmissionsOpportunity PartyElection
-
Defence Minister Honors Industry Partners for National Security Contributions
Defence Minister Chris Penk recognized businesses for their vital role in national security and resilience at the annual industry awards. He highlighted their innovation, economic impact, and support for the New Zealand Defence Force, also announcing the reinvigoration of the…
Politics and GovernmentBusiness Chris PenkNew Zealand Defence ForceDefence Industry AwardsNational SecurityDefence IndustryEconomic GrowthNew Zealand Government
-
Southland Leads Regional GDP Growth in Year to March 2025
Southland recorded the largest increase in regional gross domestic product (GDP) for the year ended March 2025, outpacing other regions in the South Island's stronger overall performance.
BusinessEconomy SouthlandGDPSouth IslandNorth IslandAucklandStats NZEconomic Growth
-
New Zealand's GDP Rises 1.1% in September 2025 Quarter
New Zealand's GDP saw a 1.1% increase in the September 2025 quarter, a broad-based recovery after a 1.0% decrease in the previous quarter, although it fell 0.5% over the year.
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZeconomic growthSeptember 2025 quarterJason AttewellBusiness/FinanceStatistics NZ
-
New Zealand GDP Rises 0.8 Percent in March 2025 Quarter
New Zealand's GDP increased by 0.8% in the March 2025 quarter, with notable growth in business services and manufacturing, according to Stats NZ.
BusinessEconomyTradeFinancial MarketsAustralasia GDPStats NZKatrina DewberyEconomic GrowthManufacturingBusiness ServicesStatistics New Zealand
-
International Visitor Spending Boosts New Zealand's Economy
New data reveals a 9.2% increase in international visitor spending in New Zealand, contributing $12.2 billion to the economy. The rise in tourism reflects increased visitor arrivals and bookings.
BusinessWorldEconomyTradeEmployment and Labor TourismLouise UpstonInternational Visitor SurveyVisitor SpendingEconomic GrowthHospitality
-
IMF Concludes 2025 Article IV Consultation with New Zealand
The IMF concludes its 2025 Article IV consultation with New Zealand, noting a nascent recovery and return to target inflation. The IMF stresses prudent policies and structural reforms amid trade and investment vulnerabilities.
BusinessPolitics and GovernmentEconomyFinancial MarketsTrade IMFArticle IV Consultationmonetary policyfiscal policyeconomic growthinflationInternational Monetary Fund
-
Budget 2025 Prioritizes Savings for Investment and Growth, Says ACT Leader
ACT Leader David Seymour announces Budget 2025 focuses on saving to invest in essential services and support economic growth, with key reforms in regulation and pay equity.
Politics and GovernmentBusinessEconomyFederal Government Budget 2025David SeymourACTRegulatory Standards BillBrooke van VeldenEconomic GrowthGovernment
-
Budget 2025 Prioritizes Economic Growth, Says ACT Leader
ACT Leader David Seymour praises Budget 2025 for prioritizing economic growth through savings, investment, and reduced red tape, contrasting it with alternative spending plans.
Politics and GovernmentBusinessHealthEconomyEducationLegal Budget 2025David SeymourACTEconomic GrowthGovernment SpendingKiwiSaverHealthcare
-
New Zealand Boosts Science and Innovation for Economic Growth
New Zealand's government is increasing its backing for science and innovation to drive economic growth, with Budget 2025 reallocating funds to support new research organizations and gene technology initiatives.
Science & TechnologyPolitics and GovernmentBusinessEconomyFederal GovernmentMedical ScienceEnvironmentAgriculture Shane RetiBudget 2025ScienceInnovationGene TechnologyEconomic Growth
-
New Zealand Launches 'Investment Boost' Tax Incentive
New Zealand's Finance Minister Nicola Willis announces 'Investment Boost,' a tax incentive allowing businesses to deduct 20% of new asset costs to stimulate economic growth and investment.
Politics and GovernmentBusinessEconomyFinancial MarketsTradeEmployment and LaborState Governments Nicola WillisInvestment Boosttax incentiveeconomic growthbusiness investmentGDP
-
Budget 2025 Aims to Grow Economy and Help Kiwis Get Ahead
New Zealand's Budget 2025 focuses on economic growth, job creation, and cost of living support, says Prime Minister Christopher Luxon. Key initiatives include tax deductions for businesses and increased support for families.
Politics and GovernmentBusinessEconomy Budget 2025Christopher LuxonEconomic GrowthKiwisInvestmentTax
-
Budget 2025: Government Prioritizes Fiscal Responsibility and Economic Growth
Finance Minister Nicola Willis announces reduced Budget 2025 operating allowance, emphasizing fiscal responsibility and economic growth amidst global uncertainty, with a focus on debt reduction and careful spending choices.
Politics and GovernmentBusinessEconomy Nicola WillisBudget 2025Economic GrowthFiscal ManagementGovernment DebtTreasury