ICT sector growing at 9%

Steven Joyce and Amy Adams announced:

The 2015 ICT Sector Report is the second in a series that provides in-depth analysis of New Zealand’s information and communications technology sector, and showcases New Zealand’s very strong performance in the ICT industry over the last few years.  The first report was released in 2013.

“The report shows that the technology software and services sector has been growing at the rate of 9 per cent per annum since 2008 and now contributes 1.7 per cent of GDP,” Mr Joyce says.

“The export performance is particularly pleasing. Exports have grown at 14 per cent per annum over the last six years to exceed $930 million in 2014.

I believe the ICT sector will continue to grow rapidly. Our geographic distance is a major disadvantage for us for many goods and services, but in ICT the distance doesn’t matter.

The challenge is for the Government to have a policy environment which remains favourable to ICT growth.