Westpac New Zealand Economic and Sustainability Strategy Update
Composition of the New Zealand economy
Regional GDP
Total nominal GDP 2020: $322 bn
Northland, $8bn
4% of population
Auckland, $122bn
Bay of Plenty, $19bn
6% of population
10
11
NZ output and employment
NZ GDP by sector 2020 (%)
60
6
3
■Primary industries
■Construction
■Electricity, gas, and water
■Manufacturing
35% of population
Waikato, $28bn
10% of population
Taranaki, Whanganui/Manawatu, $21bn
7% of population
Tasman/Nelson, $6bn
2% of population
West Coast, $2bn
1% of population
Southland, $7bn
2% of population
Gisborne/Hawke's Bay, $11bn
4% of population
Wellington, $40bn
11% of population
Marlborough, $3bn
1% of population
Canterbury, $40bn
13% of population
Otago, $14bn
5% of population
LO
19
6
3
35
Sources: Stats NZ, Westpac Economics. Nationwide GDP and employment figures are for the year to Dec 2020,
regional figure are for the year to March 2020.
Source: Stats NZ
■Wholesale, retail and accommodation
■Transport
12
■Financial and professional services
■Public administration
■Social services (incl. health and education)
Other
NZ employment by sector 2020 (%)
7
60
10
■Primary industries
■Construction
■Electricity, gas, and water
■Manufacturing
9
■Wholesale, retail and accommodation
18
19
■Transport
■Financial and professional services
■Public administration
■Social services (incl. health and education)
■ Other
27
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