economy
TARANAKI REGION AT A GLANCE
Gross domestic product
$7,712
million in 2010 prices
Infometrics
2018
Industry proportion of GDP
3.2%
18.7%
23.1%
of national total
Economic growth Annual average % change 2018
Last 10 years
TARANAKI REGION
2.7%
0.4%
NEW ZEALAND
3.2%
2.1%
Economic growth
14.8%
7.3% 7.7%
Mining Agriculture, Forestry, Fishing Manufacturing Unallocated Electricity, Gas, Water Owner-Occupied Property Operation Construction Rental, Hiring, Real Estate Health, Social Assistance All others
11.4%
Biggest contributors to economic growth 2008-2018 Taranaki Region
New Zealand
Agriculture, Forestry and Fishing
20%
0%
$180
Rental, Hiring and Real Estate Services
$70
Electricity, Gas, Water and Waste Services
$67
Transport, Postal and Warehousing
$66
Retail Trade
$62
All other industries
($128)
Total increase in GDP ($m)
$318
20 0
1 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
-20%
labour market Total employment
58,134 Filled Jobs
Industries which created most jobs 2008-2018
2.3% of national total
Employment growth Annual average % change
651
Health Care and Social Assistance
617
Other Services
456
Construction
438
Professional, Scientific and Technical Services
406
All other industries
2018
Last 10 years
TARANAKI REGION
1.1%
0.6%
NEW ZEALAND
3.0%
1.3%
951
Total increase in employment
3,519
Self employment rate, 2018
Employment growth Taranaki Region
Administrative and Support Services
20%
17.5%
New Zealand
16.7%
5% 10% 0%
20
01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
-5% 0% Taranaki Region
New Zealand
productivity
business units
GDP per lled job
No. of business units
$132,655 $97,174 GDP per employee
15,264
New Zealand
2.7%
Business units
Productivity growth Annual average % change
of national total
Growth in business units Annual average % change
2018
Last 10 years
2018
Last 10 years
TARANAKI REGION
1.7%
-0.2%
TARANAKI REGION
-0.5%
0.6%
NEW ZEALAND
0.2%
0.7%
NEW ZEALAND
0.7%
1.0%
Productivity growth
Growth in business units:
Taranaki Region
New Zealand
Taranaki Region
20%
New Zealand
10%
10% 0% 0%
20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
-10% 20 01 20 02 20 03 20 04 20 05 20 06 20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18
-10%
population
standard of living
Total population
Mean annual earnings 2018
119,600
2.4%
Usually resident persons
$59,783
of national total
Taranaki Region
Population growth Annual average % change
$60,891 New Zealand
Annual earnings growth Annual average % change
2018
Last 10 years
2018
Last 10 years
TARANAKI REGION
1.4%
1.0%
TARANAKI REGION
3.7%
3.3%
NEW ZEALAND
1.9%
1.4%
NEW ZEALAND
3.7%
3.0%
Population growth:
Housing affordability (higher is less affordable)
Taranaki Region
New Zealand
Taranaki Region
2.5%
New Zealand
15 10
0% 5
18
17
16
20
20
15
14
20
20
13
11
12
20
20
20
10
09
20
20
08
20
07
20
06
20
20
17 20
15 20
11
13 20
09
20
20
07 20
05 20
03 20
01 20
19
19
99
0 97
-2.5%