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Going For Growth February 2025 report

Innovation, Technology and Science

Updated 4 November 2025 Research and development (R&D) drives productivity and high-value jobs. By leveraging science, innovation, and technology, we add value to products and services, boost global competitiveness, and attract investment. Our goal is a system that empowers world-class scientists, universities, and research organisations to turn ideas into market-ready solutions. Our ambition is to drive a relentless focus on commercialisation and economic impact to meet the needs of a future-ready economy.

Infrastructure for growth

Well-planned infrastructure supports the efficient and sustainable movement of people, goods, and information, and facilitates trade and investment while also improving living standards. It is an essential ingredient to enable and drive economic growth. According to the International Monetary Fund, closing New Zealand’s infrastructure gap could increase real GDP by as much as 0.8 per cent in the long term.

Promoting global trade and investment

Global trade and investment are essential for New Zealand to maximise its potential and for New Zealanders to enjoy higher incomes and better public services. New Zealand’s economy is export-oriented, with the food and fibre sectors and tourism significantly contributing to foreign currency earnings.

Developing talent

New Zealand has a flexible labour market, high rates of employment, relatively open borders and, historically, a well-performing education system. However, the country faces significant challenges: school achievement and attendance are dropping in comparison with countries New Zealand competes with, and we face challenges in attracting, training and retaining talent.

Strong foundations to foster economic growth

The Government’s goal is to increase living standards and opportunities for all New Zealanders.

Minister's foreword

Economic growth is key to raising living standards, creating higher-paying jobs, and delivering the vital public services New Zealanders want and deserve.