Understanding Gross Domestic Product (GDP) and occupation trend forecasts at an industry level means that we can target investment in vocational education and training to meet the needs of our food and fibre industries.
This project will deliver statistical GDP and occupation three-year forecasts. This project is being lead by the Shared Data Platform to provide data and insights for all the sectors covered by the Workforce Development Councils.
It will provide:
- three- year GDP forecasts at a Workforce Development Council, industry group and industry (ANZSIC Level 4) level.
- three-year forecasts for occupations (ANZSCO).
We have built on official GDP estimates by region and industry groups to estimate GDP for detailed industries (ANZSIC class). This information will be publicly available for industry to use, and we will provide dashboards to assist navigation and analysis.
Key Steps
- January - March 2023: Project kick-off
- April - June 2023: Delivery of initial forecasting tool
- July - September 2024: Quality assurance checks, method updates and finalization of tool
- October - December 2024: Transfer tool to Shared Data Platform hosting
- December 2024: Initial public launch of Industry GDP and Occupation forecasting tool
Latest update
The new tool enables users to filter and visualise three-year forecasts of occupations by industry and year, as well as view historic and forecasted GDP by industry.
The tool uses microdata from StatsNZ to build detailed trends on occupations and industries. It has been calibrated against a range of national forecasts (Treasury, Reserve Bank, and commercial providers) to ensure robustness and consistency. It supports Workforce Development Councils to help build a picture of the trajectory of each industry of focus and analyse how that relates to workforce demand.
Begin exploring the Occupational GDP Forecasting Tool here: Resources » Workforce Development Council