Try our corporate solution for free!
+1 (212) 419-5770
esther.shaulova@statista.com

GDP construction industry New Zealand 2014-2019

New Zealand’s construction industry has seen continued growth over the past five years, contributing around 15.15 billion New Zealand dollars in gross domestic product (GDP) in 2019. While the industry is expected to continuing growing, meeting the infrastructure and housing needs of the country’s growing population, it will not be without its fair share of challenges.

Construction segments

In New Zealand, the construction sector includes residential builds, commercial builds, and infrastructure such as roads and energy services. All segments have grown due to increasing demand for housing, offices, roads, energy, fiber installation, and water supply. New Zealand’s housing market has been an important topic over the years, with larger metropolitan regions such as Auckland facing large housing shortages. The value of residential building consents issued across the nation has grown consistently over the past five years. In terms of infrastructure construction starting in 2019, transportation and water infrastructure projects led by volume.

Risk of insolvency greater than ever?

In 2019, a number of construction companies in New Zealand were placed into liquidation or receivership, ceasing to trade within the country. Included were the Stanley Group, Tower Cranes, and Welhaus Limited. Millions were estimated to be owed by creditors. Considering recent events relating to the Coronavirus pandemic, the situation was expected to worsen. The sector’s main industry body warned that as many as 30 percent of jobs in the sector were at risk, with many New Zealand-based infrastructure companies reportedly on the verge of insolvency. Many projects had come to a stand-still due to restricted working conditions, undoubtedly affecting the construction industry’s 170 thousand employees.

Gross domestic product (GDP) of the construction industry in New Zealand from 2014 to 2019

Exclusive Premium statistic

You need a Single Account for unlimited access.

  • Full access to 1m statistics

  • Incl. source references

  • Available to download in PNG, PDF, XLS format

Single Account

$39 $59 per month *
in the first 12 months
33% Discount until October 31st
*Duration: 12 months, billed annually, single license

Access to this and all other statistics on 80,000 topics from

$468 / Year
$708 / Year

Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

June 2019

Region

New Zealand

Survey time period

2014 to 2019

Special properties

years ended March

Supplementary notes

Note: This work is based on/includes Stats NZ's data which are licensed by Stats NZ for re-use under the Creative Commons Attribution 4.0 International license.

Actual chain-volume series expressed in 2009/2010 prices.

One New Zealand dollar is equal to approximately 0.67 U.S. dollars and 0.59 euros (as of July 2019).

Statista Accounts: Access All Statistics. Starting from $468 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account.

Single Account
The ideal entry-level account for individual users
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references
$59 $39 / Month *
in the first 12 months
Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract; Prices do not include sales tax.

Statistics on "Construction industry in New Zealand"

Further Content: You might find this interesting as well

Statista Accounts: Access All Statistics. Starting from $468 / Year
Learn more about how Statista can support your business.