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27/01/15 – Special Report on Changes in the Profile of New Zealand Businesses
In the last quarter of 2014, Statistics New Zealand published a new statistical report on the number of businesses in New Zealand, based on the situation as at February 2014. Please find a Special Report we have written based on the key insights we have taken from Statistics New Zealand’s report.
By way of summary, the key insights are as follows:
1. The business sector has grown by 2.5% between February 2013 and February 2014, to 487,880, but the structure of the sector is not changing.
2. Over the same period, business ‘births’ exceeded business ‘deaths’ by 8,850.
3. Almost all industry categories recorded increases in the number of business enterprises.
4. Almost all regions recorded increases in the number of business locations.
5. New Zealand now has over 1,000 ‘high-growth enterprises’, with 3 industry categories (viz. Construction, Manufacturing, and Professional, Scientific & Technical Services) accounting for over one-third of all high growth enterprises in New Zealand.
To download the report, please click here.