Bay of Plenty economy ranked top performer in latest Infometrics regional report
17 May, 2021 05:00 PM
5 minutes to read
Aerial Photos showing Whakatane coast after a Tsunami warning on the Bay of Plenty Coastline. 05 March 2021 The Daily Post Photograph by Andrew Warner.
Aerial Photos showing Whakatane coast after a Tsunami warning on the Bay of Plenty Coastline. 05 March 2021 The Daily Post Photograph by Andrew Warner.
Slow growth in Rotorua s hard-hit economy has not stopped the Bay of Plenty from being ranked New Zealand s top regional economic performer. Dairy, horticulture, wood, and some of the best beaches in the country have seen the region s economy rise 3 per cent compared to the same time last year. The national economy slipped back 0.3 per cent.
International tourism continues to leave a gap
International tourism continues to leave a gap 26 February 2021
The latest Infometrics Quarterly Economic Monitor shows activity in regions such as Hawke s Bay and Gisborne has risen 3.7 per cent in the December quarter.
But Otago is still down on where it was a year ago, with tourism spending falling 23 per cent.
Senior Economist Brad Olsen says domestic tourism isn t doing enough in some regions.
He says the differences in those regional economic outcomes is becoming starker, with the lack of international tourism and that situation will persist until borders open.