Waikato regional economic profile - Waikato Regional Council

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Gas supply 0.44Air transport, services to trans & storage 0.44Insurance 0.42Water & rail transport 0.38Textile & apparel manufacturing 0.34Beverage, malt & tobacco manufacturing 0.209.4 ProductivityLabour productivity measures the value of output produced per worker; usually eitherper year or per hour worked. Labour productivity is an important measure becausewhen combined with the number of hours worked per capita, it determines GDP percapita. New Zealand performs in the middle of the OECD countries for annual hoursworked per employee but is well behind in labour productivity. Higher labourproductivity would directly lift economic prosperity. Labour productivity can be raised bylifting the value of goods and services produced or by lifting efficiency to increase thevolume of goods and services per hour worked.9.4.1 New Zealand’s labour productivity performanceFrom 1990 to 2010 labour productivity increased steadily in New Zealand but theincrease has been greater in other OECD countries, including Australia. So despite theimproving trend, the gap is widening between New Zealand and other OECD countries,as shown in figure 113. New Zealand’s labour productivity is in the bottom third amongOECD countries. Since 1990, New Zealand has not achieved a rank higher than 20thin the OECD. Luxembourg is the highest ranked OECD country with its workersproducing $66 more per hour than New Zealand workers, meaning they are about 2.3times more productive than New Zealand workers. 372Figure 113: Real GDP per hour worked 373Figure 114 shows the contribution to New Zealand’s labour productivity growth rate bythe three main export sectors, the labour productivity of those sectors, and the share ofall workers each sector employs. None of these sectors attains Australia’s averagelabour productivity of NZ$71 per hour worked. 374372New Zealand Institute (2011b) NZahead – GDP per capita.373New Zealand Institute (2011a, p. 54).374New Zealand Institute (2011a, p. 57).Page 120 Doc # 2069885
Figure 114: Real labour productivity and output growth, exports sectors, 2009 3759.4.2 Waikato region labour productivityLabour productivity here is defined as the contribution to GRP per employee and iscalculated by dividing economic value-added within the Waikato region by totalemployees including owner-operators. Average Waikato labour productivity was$73,000 in 2011, higher than $67,000 for New Zealand. 376Most Waikato sectors have higher labour productivity than their national counterparts,with the exception of forestry, mining, oil and gas, and electricity, as shown in figure115. This could be caused by Waikato employees in those sectors working longerhours, being more highly skilled, or having higher levels of man-made or natural capitalper employee. If it is due to higher capital intensity we would not necessarily expect tosee higher wages because businesses need to earn a return on capital and could bebecause natural capital is being eroded. Higher labour productivity is therefore not anindicator of stronger economic performance in the region.Figure 115: Comparison of Waikato region and New Zealand labour productivity (2011)375New Zealand Institute (2011a, p. 55).376Data sourced from the Market Economics Ltd multi region input output model, 2011.Doc # 2069885 Page 121
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Waikato Regional Council Technical
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Table of contentsAcknowledgementLis
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11.2.5 Industry Training Organisati
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The Government aims to create an en
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TransportAlmost a quarter of total
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Regional competitivenessRelative pe
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WRC identified three flagship goals
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WRC adopted the concept of green gr
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Figure 4: Real value of goods and s
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4. Foster policy learning through b
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economic development strategy for t
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Figure 5: Economic value added by s
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Figure 8: Unemployment by region, 2
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Figure 12: Median household and per
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Figure 15: Deprivation in Hamilton
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In addition to dairy products contr
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In May 2009, DairyNZ launched the S
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New Zealand exported $716.9 million
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Wallace Meats: is a subsidiary of W
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Figure 29: Location quotient and em
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Figure 30: AgBio New Zealand produc
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Five of New Zealand’s six largest
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Most providers of high valueservice
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When measured for its value to the
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is not considered by this profile t
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4.2 Transport4.2.1 RoadThe current
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Local roads in the Waikato region a
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Waikato to, or from, the Bay of Ple
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Approximately 40 per cent of all ex
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Figure 58: International arrivals t
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The New Zealand Energy Strategy has
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Figure 62: Transpower transmission
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Coal has been mined in the Waikator
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4.3.4 OilWaikato does not produce o
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etween 75 and 100 years. 202 The de
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Taupō District CouncilWater supply
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4.4.3 Productive water infrastructu
Page 86 and 87: The surveys identified that there i
Page 88 and 89: RBI has been implemented by the Gov
Page 90 and 91: Figure 76: RBI broadband in the cen
Page 92 and 93: 5 People5.1 SummaryThis chapter des
Page 94 and 95: Figure 81: Urban population in the
Page 96 and 97: 5.2.3 AgeingFigure 83: Percentage i
Page 98 and 99: Figure 88: Proportion of population
Page 100 and 101: Figure 92: Highest qualification pr
Page 102 and 103: Figure 95: Labour market areas in t
Page 104 and 105: Figure 99: Commuting patterns (2006
Page 106 and 107: Three areas of the Waikato region h
Page 108 and 109: Figure 101: Land uses in the Waikat
Page 110 and 111: 120%100%80%60%40%Land with limitati
Page 112 and 113: 6.6 WaterFreshwater is important fo
Page 114 and 115: Table 10: Current water take author
Page 116 and 117: 7 Institutions7.1 SummaryCentral an
Page 118 and 119: The final report of the Government
Page 120 and 121: Local authority Strategy DeliveryRo
Page 122 and 123: Local authority Strategy Vision Goa
Page 124 and 125: Local authority Strategy Vision Goa
Page 126 and 127: Figure 106: Iwi of the Waikato regi
Page 128 and 129: SettlementprogressMāoriCommercialA
Page 130 and 131: SettlementprogressDeed ofSettlement
Page 132 and 133: Figure 108: Geographic units with 0
Page 134 and 135: Figure 111: Entry rate (percentage
Page 138 and 139: Capital productivity is value added
Page 140 and 141: have low tangible assets and low or
Page 142 and 143: 11 Innovation system11.1 SummaryAs
Page 144 and 145: Zealand universities (34 per cent).
Page 146 and 147: cent), health (21 per cent) and hos
Page 148 and 149: Figure 124: Waikato ITO trainees (2
Page 150 and 151: The University of Waikato has five
Page 152 and 153: esearch.” 398 Research is essenti
Page 154 and 155: Landcare ResearchNational Institute
Page 156 and 157: 11.4 Business development and growt
Page 158 and 159: Waikato Innovation Park provides se
Page 160 and 161: 12 Key findings and next stepsThe W
Page 162 and 163: There are also a number of opportun
Page 164 and 165: BibliographyAFFCO New Zealand 2010.
Page 166 and 167: Hauraki District Council 2009. Haur
Page 168 and 169: Ministry of Economic Development 20
Page 170 and 171: New Zealand Transport Agency 2010.
Page 172 and 173: South Waikato District Council 2009
Page 174: Waikato Regional Council 2011f. Lan
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