Tourism beats dairy as highest NZ earner

Published on : Wednesday, October 26, 2016

new-zealandThe tourism sector has surpassed the dairy sector to become the leading export gainer of New Zealand for the very first time since the year 2010.


The spending by foreign tourists have grown by 20% last year. On the other hand, the spending on domestic tourism grew by 7.4% thereby offering the sector an increase of about $3.8 billion on last year.


Daniel Griffiths, senior manager of statistics New Zealand national accounts said that the country has been witnessing a strong growth in foreign visitors and the growth had been triggered by a buoyant domestic market.


He also said that the number of overseas tourists from some of the key international markets has continued to increase on account of the expanding cruise and airline capacity. Furthermore, he added that this factor has led to an increase in spending by the overseas tourists. During the same period, the dairy sector in New Zealand was capable of earning $12.3 billion.


Tourism accounted for 5.6% of New Zealand’s GDP as it contributed about $12.9 billion.


Also, the tourism sector provided employment to as many as 1,88,136 people that is about 7.5% of the total number of people who are employed in the country. During April, John Key, the prime minister of New Zealand encourages tourism sector to overtake dairy sector, driven my leading markets like China.  He said that he is really very optimistic about the tourism sector.


He added that reasonable fuel prices and low-cost carriers along with efficient airplanes are some of the main drivers of the tourism sector in New Zealand.


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