Concrete and the NZ Economy
The cement and concrete industry plays a substantial role within the New Zealand construction sector, which itself is crucial to the country’s overall economic wellbeing. During 2005 and 2006 the economy, as measured by GDP, grew by an average of 2.05%. The value of all New Zealand building consents issued in 2006 was $11.18 billion, an increase of 2.2% over the previous year.
As the New Zealand economy grows, so too does the construction industry, and in turn the demand for concrete. Concrete’s whole-of-life cost advantages, based on its inherent properties, also contribute considerably to New Zealand’s sustainable economic development.