Welcome to the first edition of 'Shaping our slice of heaven', a new series from Deloitte Access Economics in New Zealand. The first edition, entitled 'Industries of opportunity', identifies and discusses growth prospects across key Kiwi industries. These industries offer some of the best opportunities for the country’s future economic prosperity.
So where can New Zealand look to maximise its future economic prosperity? This report identifies the industries that are expected to experience above average global growth in the next twenty years. It also assesses the comparative advantage of industries here. We believe New Zealand’s industries of opportunity lie at the intersection of global growth and national economic advantage.
These industries of opportunity are:
Each of the industries listed above are expected to achieve above average global growth, in a large part due to the rise of the middle class in emerging economies, an ageing population and the expected pace of global growth in that particular industry. Consumers around the world want many things New Zealand can offer – excellent agricultural and food products, high quality education, the latest health technologies and unique tourism experiences.
This report is a call to action. There are competitors waiting in the wings if we are complacent.