With a population of over 1.5 million, Auckland is New Zealand’s largest city and home to more than a third of the country’s population. Over a third of Auckland’s inhabitants were born overseas, making Auckland the fourth most culturally diverse metropolitan population behind Dubai, Brussels and Toronto. Auckland’s popularity among immigrants to New Zealand has been a primary driver of its rapid population growth, which Statistics NZ project will climb to 2.2 million in 2043.
Auckland serves as a key gateway to Asia Pacific markets. Its port is the second largest in New Zealand, serving more than 30 global and regional shipping lines and processing 950,000 containers a year. For the second consecutive year, it has been voted the best seaport in Oceania. One third of New Zealand’s freight transport and logistics companies are located in Auckland, working to efficiently distribute goods around the country.
Auckland has a growing reputation as a leading innovator, with a robust innovation ecosystem of start-ups, co-working spaces, and technology and innovation hubs. The technology sector is buoyed by strong networks between government and industry investors which have collaborated to develop tech hubs, incubators and accelerators. Auckland’s Wynyard Quarter is home to GridAKL, a business which fosters knowledge sharing between 70 tech companies. GridAKL and the wider innovation precinct within Wynyard Quarter is expected to contribute $450 million annually to Auckland’s economy by 2020.
Auckland’s economy is also supported by strong levels of international education, tourism and construction, with several major developments currently in progress around the city.