Economy
The sub-national GDP of the Northland region was estimated at US$3.243 billion in 2003, 2% of New Zealand's national GDP.
The region's economy is based on agriculture (notably beef cattle), fishing, forestry, and horticulture. Citrus fruit makes up the majority of the latter industry, with lemons, oranges, and tamarillos all being produced. Avocados are also widely grown, as well as kumara (especially in Ruawai part of the Kaipara district). Olives are also being grown on the Aupouri Peninsula.
Extensive forests are a feature of the Northland landscape. For this reason wood and paper manufacturing industries also make a large contribution to the region's economy.
Northland is a favourite tourist destination, especially to the Bay of Islands and the historic town of Kerikeri. Diving and fishing are also popular visitor activities, especially around the Bay of Islands and the Poor Knights Islands.
Northland is home to New Zealand's only oil refinery, at Marsden Point, close to Whangarei. New Zealand's natural fuel resources in Taranaki account for a little under half of the refinery's intake, with the rest coming predominantly from the Middle East. The nearby Marsden A thermal power station originally utilised heavy oil from the refinery for electricity production, but no longer does so.
Read more about this topic: Northland Region
Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
—Doris Lessing (b. 1919)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kindno matter how ultimately profitable or otherwise successful some of them might prove to bethere is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (18031882)