The Māori economy and asset base has grown significantly over the last 100 years. As such Māori and Iwi increasingly contribute and play a key role in New Zealand's economy.
Māori contribution to the New Zealand economy is multi-faceted and includes the primary sector, natural resources, small and medium enterprises and tourism. As the government's lead economic advisor, the Treasury is working with agencies across the public sector to support the growth and development of the Māori economy.
Māori Asset Base
In 2001 the asset base of the Māori economy was estimated to be worth $9.4 billion, this figure rose to $16.5 billion by 2006, and we now estimate it was worth at least $36.9 billion in 2010. The Māori asset base includes:
- Businesses of Māori employers $20.8 billion
- Other Māori entities $6.7 billion
- Businesses of self-employed Māori $5.4 billion
- Trust and incorporations $4 billion.
(BERL (2010), The Asset Base, Income, Expenditure and GDP of the 2010 Māori Economy)