New report gives unique view of NZ economy’s performance

A report that provides a unique medium to long-term picture of New Zealand’s economic performance was released today.

“Together with the three previous Economic Development Indicator reports, the 2011 edition provides an objective, comprehensive and long-term picture of progress using a broad range of relevant indicators,” Ministry of Economic Development Chief Executive David Smol said.

The report is a joint publication between the Ministry of Economic Development, the Treasury and Statistics New Zealand. Like previous reports it aims to inform economic debate and policy making.

The report compares New Zealand’s economic performance to other Organisation for Economic Cooperation and Development (OECD) countries.

Also, like the 2007 report, the 2011 edition has chapters on Australia and Auckland.

“Australia is a focus of the report because it is our most important trading partner,” Mr Smol said.

“Interestingly while we are more integrated with Australia than any other country, we are not as well integrated as Australian states are with each other.”

“Auckland is important,” Mr Smol said “because as New Zealand’s largest city it plays a critical role in generating and attracting businesses, skills and innovation”.

The full report can be found on: www.med.govt.nz/indicators

Hard copies can be ordered by emailing: info@med.govt.nz

ENDS

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