Queenstown again tops economic performance ladder in 2005 - BERL - economic research, forecasting, analysis, advice and consultancy for business, public sector and regional development

Wednesday, February 08, 2012

Vital Statistics

11 Jan 2006

Queenstown again tops economic performance ladder in 2005

Jason S Leung-Wai

The Queenstown-Lakes District has topped the BERL regional performance indicators in 2005 for the third year running in an index made up of four key economic indicators.

The diversity of areas in the top places reflects the widespread nature of New Zealand’s current growth cycle. However, another feature of the latest re-calculation of the regional performance ladder is the noticeable return of cities amongst the top rankings. Cities accounted for five of the top ten places with Manukau, Hamilton, Christchurch, North Shore and Wellington all appearing in the top tier.

Tauranga District also returned to the top tier with second place overall in 2005, following its 20^th place in 2004. Following these two areas were Manukau City and Waimakiriri District which tied for third place, with the top five rounded out by Hamilton City.

Queenstown-Lakes first place ranking was based on 1^st placings in resident population growth and business growth. It ranked 2^nd in employment growth and 3^rd in GDP growth.

Tauranga District’s second overall placing was underpinned by its 2^nd place finish in business growth. It was ranked 5^th in both population and employment growth and 12^th in GDP growth.

Manukau City’s third-equal placing was due to a 6^th place in population growth, 8^th in employment growth, 10^th in business growth and 18^th in GDP growth.

Waimakiriri District third-equal placing was made up of a 3^rd place in population growth, 9^th in business growth, 14^th in GDP growth and 16^th in employment growth.

BERL has ranked 73 Local Authority areas 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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