GDP doesn’t show the story of National’s New Zealand

Today’s GDP numbers fail to capture the increasing numbers of families sleeping in cars and declining water quality in our rivers and lakes, the Green Party said today.

Gross domestic product (GDP) statistics released today by Statistics New Zealand show that the economy grew by 0.7 percent in the March 2016 quarter, but only grew 0.1 percent when population increases were accounted for.

“Once increasing population pressures are factored in, the economy grew by just 0.1 percent this quarter,” said Green Party Co-leader James Shaw.

“GDP as a measure isn’t capturing the other side of National’s economy: increasing numbers of people sleeping in cars and increasing amounts of carbon pollution pouring into our atmosphere.

“After eight years, National has failed to spread the benefits of economic growth fairly and decouple growth from destructive climate change.

“GDP is a bad measure of material well-being. GDP fails to measure the ongoing damage we are doing to our natural environment and our stocks of natural capital.

“We need new ways to measure New Zealand’s economic success to complement GDP.

“The Government has had eight years to develop alternative measures of economic progress yet has failed in this area completely.

“The results would show declines in the quality of many people’s lives, declines in their real income relative to the well-off, and declines in the state of our rivers and climate.

“The Greens would implement a dashboard of economic measures to complement GDP and capture more accurately the changes to our human and environmental welfare,” said Mr Shaw.


Latest Economic Development Announcements


PREFU shows efforts to keep us all healthy, now we need to revenue raise

PREFU has given a good insight into what was required to ensure New Zealanders were largely supported to continue work and remain healthy during CO...
Read More

Sustainable business

In the wake of COVID-19, we must empower small businesses in Aotearoa to flourish, create new jobs, and support their local communities. The Green ...
Read More

Sustainable jobs

A sustainable economy means good working conditions and fair distribution of the benefits of our natural resources. As we respond to the disruption...
Read More

High tech economy

A strong manufacturing and technology sector will create jobs in low-emissions industries and ensure we can sell Aotearoa’s skills to the world. Th...
Read More


Green Party welcomes first Wellbeing Budget

“The Green Party is proud to welcome New Zealand’s first Wellbeing Budget to deliver change for New Zealanders,” Green Party Co-leader James Shaw s...
Read More


Wellbeing: We need to change how we see our economy

“The Wellbeing Budget is a first step in changing the way we look at the economy and our place in it”, said Green Party Co-leader Marama Davidson. ...
Read More