Waimakariri District Quarterly economic monitor - December 2018

Gross domestic product (provisional)

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Highlights for Waimakariri District

  • GDP (provisional) in Waimakariri District was up 3.1% for the year to December 2018 compared to a year earlier. Growth was higher than in New Zealand (2.7%).
  • GDP (provisional) was $1,856 million in Waimakariri District for the year to December 2018 (2010 prices).
  • Annual GDP growth in Waimakariri District peaked at 10% in the year to March 2011.

National overview

Infometrics provisionally estimates that the New Zealand economy expanded by 2.7% in 2018. Economic activity has slipped below the 3%pa+ levels that have prevailed over much of the past five years. Key detractors have been lower business investment, weaker construction and slower population growth. Nevertheless, export returns to date have remained relatively strong. We anticipate that economic activity will hold close to current levels in 2019, but remain wary of the US-China trade war, more cautious Chinese consumers, and the flow-on effects from Australia’s struggling housing market.