Kōrero: National income and GDP

Aluminium smelter, Tīwai Point

Aluminium smelter, Tīwai Point

This smelter near Bluff, Southland, is one of the largest aluminium smelters in the world. It employs nearly 1,000 people. In 2009 the smelter was owned by two overseas partners, Rio Tinto Aluminium based in Brisbane, Australia, and Sumitomo Chemical Company of Japan. Gross domestic product (GDP) measures all the income and profits earned by the smelter’s production. But to understand the impact of such foreign ventures on New Zealand residents, the profits sent overseas to the foreign owners need to be excluded. Gross national income (GNI) excludes the earnings of foreign residents, which GDP does not.

Te whakamahi i tēnei tūemi

Te Ara - The Encyclopedia of New Zealand
Photograph by Janine Faulknor

Ngā whakaahua me ngā rauemi katoa o tēnei kōrero

Te tuhi tohutoro mō tēnei whārangi:

Jeff Cope, 'National income and GDP - National income', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/23588/aluminium-smelter-tiwai-point (accessed 6 March 2021)

He kōrero nā Jeff Cope, i tāngia i te 11 Mar 2010