Three types of investment in New Zealand, Australia and the United States, and the OECD average, are represented here as a percentage of gross domestic product (GDP) in 2006. New Zealand’s investment in plant, machinery and equipment (PME) and in housing are very comparable with the international figures. But New Zealand’s investment in other business assets (excluding PME) is significantly lower than the OECD average, and dramatically lower than Australia’s. These business assets include such investments as buildings and transport. The level of business investment is one possible explanation for New Zealand’s lower productivity.
Using this item
Te Ara - The Encyclopedia of New Zealand
Source: 'Growth through innovation: economic development Indicators 2005.' Ministry of Economic Development; The Treasury
This item has been provided for private study purposes (such as school projects, family and local history research) and any published reproduction (print or electronic) may infringe copyright law. It is the responsibility of the user of any material to obtain clearance from the copyright holder.