The regional landscape
(Data source: Infometrics Regional Database).
Northland had the most diverse economy among New Zealand’s sixteen regions, and in terms of GDP per capita, Northlands’ growth generally matches that of the national economy.
However, because Northland’s GDP per capita is off a much smaller base than at the national level, the gap between Northland’s per capita GDP and national per capita GDP has widened over the last ten years.
Northland’s economy can also be described as volatile; the region’s economy expands and contracts more, is quicker to head into recession, slower to emerge, and thus has more extreme peaks and troughs than New Zealand as a whole.