Kapiti Economy Grew 2.7 Percent

April 8, 2018

The Kāpiti economy grew by 2.7 percent in 2017, outperforming the Wellington regional economic growth by half a percent.

 

Figures released by the Kapiti Coast District Council shows GDP for 2017 was $1.6 billion dollars, 2.7 percent up on the previous year.

 

Meanwhile, growth for the Wellington region was 2.2 percent and the national GDP rose by 2.8 percent.

 

The council has attributed some of the growth to businesses moving to the Kapiti Coast because of transport improvements and the high cost of property in Wellington.

 

Household spending indicators were particularly strong, while expanding business activity was evident with a sharp rise in commercial vehicle sales.

 

The number of commercial vehicles registered in Kāpiti rose by 24% in 2017 to 383, compared to 310 vehicles registered in 2016.

 

Kapiti Councillor Angela Buswell says, while the numbers look good, there is still potential for further growth.

 

 

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