Economy of Auckland


The countries ties to the British Empire have both aided and hindered the island nation. Trade with Britain was profitable as the area had many valuable products and materials not native to the British. In the 1890s, refrigerated shipping allowed New Zealand to base its entire economy on the export of meat and dairy products to Britain.

However, when the world economy suffered during the Great Depression of the 1930s, so did New Zealand. This led to the creation of the first Labour government which established a comprehensive welfare state and a protectionist economy. The inclusion of Britain into the European Economic Community further deteriorated the dependence of New Zealand upon it's motherland.

Auckland serves as the economic capital of the nation (Wellington is the capital city). Most major international corporations hold an office within the city. Lower Queen Street and the Viaduct Basin in the Auckland CBD hold some of the biggest corporations. The technical and trades workforce are located a bit outside the city in the industrial zones of South Auckland.

New Zealand has been able to quickly evolve into a sophisticated, unrestrictive business environment that is globally competitive. This is vital as it joins the native agriculture-based economy with international trade. This has led to a decrease in unemployment, a strengthening New Zealand dollar, soaring stock values and business confidence at an all-time high.

Update 6/12/2009

Related articles:


Facebook Twitter LinkedIn Pinterest Addthis

Recommended Partners

When you move internationally you are taking a big step. Lots of things are changing and you have a million things to think about and take care of. If you are able to select a top of the line moving company that moves for a modest price, it can take a big weight of your shoulders in busy times.

Our network of international removal companies can move your furniture & possessions to New Zealand and anywhere overseas.

Filling in the form at the bottom will allow you to request up to 5 quotes from various moving companies. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Do you have comments or personal information to communicate about this article? Add your comment.

Find more definitions and general answers on expatriation issues in the Expat FAQ (Frequently Asked Questions).

Go to the Forum to talk more about economy of Auckland, overview.

Download the full digital PDF expat guide in Auckland

Download the guide: Auckland, New Zealand
  • See in one single booklet all the articles for a city guide for expatriates.
  • Enjoy full colour photos to illustrate each section.
  • Additionnal maps: Region, City view, Neighborhood, Street view.

  • - My Life Abroad -
    A selection of expat stories

    "A fun compulsive read!"
    J. Matcham, Amazon

    "I strongly advise people ready to live abroad to read this book!"
    Patrice, Amazon