Bay of Plenty economy worth $12.3 billion

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The Western Bay of Plenty. Photo/File
The Western Bay of Plenty. Photo/File

The latest regional GDP figures show the Bay of Plenty is New Zealand's fifth biggest regional economy.

"The Bay of Plenty's GDP increased 2.3 percent in 2015 despite tough times for our agriculture industry.

"We play a significant role in the National economy, contributing 5.1 percent of New Zealand's GDP," said Bay of Plenty MP Todd Muller.

"It's great to see the Bay's economy is healthy and the outlook is positive.

"Bay of Plenty industries stand to gain a lot from the recently signed Trans-Pacific Partnership Agreement.

"Through this partnership more markets will be viable for our exporters as tariffs are reduced. This means local businesses have more money to hire employees, invest in innovation, and pay higher wages.

"Our region is humming with activity and I am fortunate to represent such a hard-working electorate" he said.

- Bay of Plenty Times

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