from Breaking Views
The Māori economy surpassed $100 billion goal, assets grew to $126 billion in 2023
Māori contributions to the economy have far surpassed the projected goal of “$100 billion by 2030”, a new report has revealed.
The report conducted by the Ministry of Business, Innovation and Employment’s and Te Puni Kōkiri, Te Ōhanga Māori 2023, shows Māori entities have grown from contributing $17b to New Zealand’s GDP in 2018 to $32b in 2023, turning a 6.5% contribution to GDP into 8.9%.
The Māori asset base has grown from $69b in 2018 to $126b in 2023 – an increase of 83%.
Of that sum, there is $66b in assets for Māori businesses and employers, $19b in assets for self-employed Māori and $41b in assets for Māori trusts, incorporations, and other Māori collectives, including post-settlement entities…
See the full article HERE
I’d suggest more ‘trickle back’ than ‘trickle down’.
$125 billion — say, to be generous, there are 1,000,000 people in NZ who identify as ‘Maori”. If my maths is correct, 125 billion equates to $125,000 to every man, woman and child who identifies as ‘?Maori’. I don’t get it. I realise that the 125 billion may be turnover, not profit, but unless things are being ruin at a huge loss, why are not most Maori benefitting from this success?