Seeking economic diversification
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Seeking economic diversification

According to QLDC’s draft economic development strategy (see www.qldc.govt.nz), the Queenstown Lakes District’s economy turned over a GDP of $1.35 billion last year. That sounds like a lot but there is a major problem. Our economy is reliant on very few industries and our productivity across most industries is lower than the national average. We all know tourism productivity is low but it came as a shock to me that other industries such as construction, professional services, technology, health, education, transport and retail also drag the chain when compared to each industry’s productivity average across New Zealand.

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