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New Zealand's Productivity Challenge: New Zealand
Author:
Monica Petrescu
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Series:
Selected Issues Papers
Volume/Issue:
Volume 2025: Issue 075
Language:
English
Publication Date:
10 Jun 2025
DOI:
https://doi.org/10.5089/9798229012317.018
ISBN:
9798229012317
ISSN:
2958-7875
Pages:
25
Keywords:
Productivity; business dynamism; competition; productivity challenge; financing challenge; C. financing availability; tourism sector; balance sheet data; firm R&D; Capital productivity; Labor productivity; Global; Europe
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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Weak productivity growth continues to pose a challenge for New Zealand’s long-term economic prospects. Hindered by a remote geography and large agriculture and tourism sectors, slow aggregate productivity growth also reflects costs and incentives for investment and innovation, features of the business environment, and availability of financing options. Young, high growth firms appear to face financing challenges, while competition, innovation, and technological diffusion are low across sectors. The current juncture, with a nascent economic recovery underway, presents an opportunity for a multi-pronged reform agenda to address this productivity challenge.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund