New Zealand Space Economy
Its value, scope and structure
New Zealand is a unique example of a space economy driven almost entirely by commercial activity. New Zealand is home to a thriving space economy estimated to be contributing $1.7 billion in 2018-2019.
The New Zealand Space Economy report was prepared by Deloitte Access Economics for the Ministry of Business, Innovation and Employment. The report defines and maps the New Zealand space economy using insights gathered from a widely distributed survey of both domestic and international space companies operating in New Zealand. The report also uses Deloitte Access Economics’ Input-Output (IO) model to provide a first estimate of the size, value and composition of New Zealand’s space economy.
The New Zealand space economy is characterised by a mix of start-up and well-established, small and large entrepreneur driven and privately funded space companies which service both government and private customers.
The New Zealand space economy has strong space manufacturing and space applications subsectors, and internationally competitive research and development capability within several universities across the country.
The direct contribution of the space economy to New Zealand GDP in 2018-19 was $897 million, representing a value-added share of 51 percent of total revenue.
The indirect contribution of the space economy to the New Zealand economy 2018-19 was $789 million. This includes the value added by the space economy’s expenditure on goods and services used in the production process.
New Zealand’s space economy directly supports an estimated 5,000 full-time equivalent roles (FTEs). Total employment, including indirect effects, supports an estimated 12,000 FTE jobs.