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Agriculture still forms a significant part of the economy

Figure 1 illustrates the structure of businesses in New Zealand, highlighting the significance of the agricultural sector. 23 percent of all private enterprises are involved in the agricultural sector, accounting for 8 percent of private sector employment. The majority of these farms are small, with the agricultural sector making up 25 percent of all small private enterprises and 23 percent of employment in these enterprises.

Figure 1 - Structure of Businesses in New Zealand³ (Private⁴ and Public Sectors)

³Statistics drawn from Business Activity 1996, Statistics New Zealand.

⁴Agriculture statistics from Agriculture Production Survey year end June 1996, Statistics New Zealand.