Queenstown and Selwyn vie for economic performance top spot in 2006 - BERL - economic research, forecasting, analysis, advice and consultancy for business, public sector and regional development

Wednesday, February 08, 2012

Vital Statistics

16 Feb 2007

Queenstown and Selwyn vie for economic performance top spot in 2006

Jason S Leung-Wai

The Queenstown-Lakes District has topped the BERL regional performance indicators in 2006, its fourth straight year at the top in an index made up of four key economic indicators. However, this time it faced stiff competition from the Selwyn District, which leapt 20 positions to join Queenstown-Lakes in 1^st place.

This year, just three of the top ten Local Authorities are cities. The top four places are held by South Island districts - Queenstown-Lakes, Selwyn, Hurunui and Waimakariri. Indeed, seven of the top ten are from the South Island, with Central Otago District in 6^th place, Marlborough District, 9^th, and Kaikoura District, 10^th. The cities of Tauranga (5^th), Hamilton (7^th equal) and Manukau (7^th equal) maintained their presence in the top ten.

Queenstown-Lakes had the highest resident population growth and business units growth in the country, along with a 6^th place in employment growth and 10^th place in GDP growth.

The Selwyn District was 2^nd in terms of population growth, 3^rd in employment growth, 6^th in business growth and 7^th in GDP growth. The Hurunui District’s rise was even more impressive, surging 35 positions to 3^rd. It had the highest employment growth in the country, and saw GDP rise third-fastest. The Hurunui District’s population growth held 16^th place, and business units growth was 17^th.

The Waimakariri District moved up one place from last year, to 4^th. This was based on 4^th places in population and employment growth, 13^th place in terms of GDP growth, and 18^th position in business units growth. Tauranga remained the highest-ranked city, at 5^th, built on strong business units growth (4^th), a rapidly-expanding population (5^th), positive GDP growth (12^th) and employment growth (22^nd).

BERL has ranked 72 Local Authority areas and the New Zealand average across seven key economic performance indicators including resident population growth; employment growth; real value added (GDP) growth; GDP per capita growth; productivity growth; business growth; and business size growth.

The overall regional economic index ranks each Local Authority area on four base indicators: resident population growth; employment growth; GDP growth; and growth in number of businesses. It then sums the rankings. A top ranking on the BERL index requires positive achievements across all indicators (GDP, employment, population and business growth) - reflecting broad-based economic performance.

Contact: Jason Leung-Wai, Senior Economist, - +64 4 931 9208

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