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The primary industry in New Zealand, which includes agriculture and horticulture, accounts for about 7% of the total GDP (Gross Domestic Product). Although it doesn’t represent the largest industry in New Zealand – the largest being services – it represents over 50% of total New Zealand exports earnings and exports of all categories represent about 25% of New Zealand’s GDP.
This means that the primary industry is one of the biggest in the country. The horticultural industry itself represents about 2.5% of the total primary industry production. Supplying to both the domestic and international markets, it was worth $8.8 billion in 2017, including wine, and it’s expected to grow to $10 billion by 2020.
OVER 53 COUNTRIES
With an average growth of 91% every ten years, it’s clear that the primary industry is solid and stable in New Zealand. It is an important industry for the country’s economy and helps by supplying the growing demand for food globally.
ABOUT 2 MILLION