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Auckland CBD beats NZ economic stats, GDP and employment thriving

Author
Newstalk ZB,
Publish Date
Wed, 3 Apr 2024, 7:05pm
Photo / RNZ
Photo / RNZ

Auckland CBD beats NZ economic stats, GDP and employment thriving

Author
Newstalk ZB,
Publish Date
Wed, 3 Apr 2024, 7:05pm

Auckland's city centre has outpaced New Zealand in both GDP and employment growth for the second year in a row. 

According to an Infometrics report, GDP in the city centre grew by 9.2 percent in the year to March 2023, reaching $30.4 billion.

Employment was up 7.3 percent in the same period, compared to the equivalent increase of 2.5 percent for the rest of New Zealand.

Patrick Reynolds, the Council's City Centre Advisory Panel deputy chair says this growth is more than a post-pandemic bounce.

"There's been a heap of investment - in both private investment and especially streetscape renewals and upgrades and the shift away from just black tarmacs of cars."

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