New Zealand Industry Sectors

New Zealand’s industry sector is diverse, with many traditional and non-traditional forms of industries. Food processing, tourism, mining, textiles, machinery and transportation equipment are some of the main industries in the country.[br]  

New Zealand’s industry sector is diverse, with many traditional and non-traditional forms of industries. Food processing, tourism, mining, textiles, machinery and transportation equipment are some of the main industries in the country.[br]  

New Zealand Industry Sectors: New Zealand Employment Facts

 

New Zealand has a labor force of 2.17 million, according to the 2009 estimates. Industries employ almost 19% of this work pool.

 

With growth in the industry sectors, the unemployment rate, which has deteriorated from the 2008 level due to the recession in the global economy, is bound to improve going forward. The unemployment figure stood at 7.3% in 2009, as compared to 4.2% in 2008.

 

New Zealand Industry Sectors: New Zealand Industries

According to the estimates, New Zealand’s oil and natural gas deposits are as follows:

 

• Oil: 60 million bbl of proven reserves (as on January 1, 2009). This, in comparison to other countries across the globe, puts New Zealand in the 76^th place.

• Natural gas: 33.98 billion cu m (as on January 1, 2009). New Zealand ranks 69 in the world in terms of the volume of proved natural gas deposits.[br] 

Other industries in New Zealand are: 

• Biotechnology and agricultural technology: New Zealand thrives in this field and offers solutions for issues that impact the environment, health and resource management.

• Food and beverage: This industry includes categories such as dairy, meat, seafood, wine, fruits and vegetables, and specialty foods. Exports from the food and beverage industry have roughly trebled over the last 17 years. The export figure, which stood at NZ$6.96 billion in 1990, surged to NZ$21.43 billion in 2008.

• Specialized manufacturing: According to Statistics New Zealand, the country has roughly 22,700 manufacturing businesses, which in total generate about NZ$20 billion in quarterly sales.

• Tourism: With this industry generating an estimated NZ$6.3 billion in foreign exchange per annum, it has become New Zealand’s biggest export earner. The country’s adventure activities, unique culture and stunning and diverse natural landscapes attract approximately 2.3 million people every year. The tourism industry plays a vital role in the New Zealand’s economy and offers more than 108,000 full-time equivalent jobs directly and an estimated 74,500 jobs indirectly.