Economic » Entrepreneurial & Innovative

Innovation, creativity and new endeavours are welcomed and encouraged. Ideas are exchanged across all sectors, resulting in a creative business culture. We have excellent education and research institutions, and benefit from being the seat of government.

What is Entrepreneurial & Innovative?

Entrepreneurship and innovation, including research and development are important for economic growth and for sustaining a dynamic economy capable of competing successfully on the international stage. A diverse business environment is better able to absorb cyclical downturns and changing market trends. If there is business confidence people are more inclined to venture into entrepreneurial activities as they see the economy able to support new ideas. 

Entrepreneurial and innovative community is made up of 4 indicators that were selected to measure progress towards the entrepreneurial and innovative community outcome definition (shown above). Please see below for the raw data available over the 2001 to 2018 study period for each of the entrepreneurial and innovative community indicators.

As with the economic well-being GPI, the available indicator data that forms part of entrepreneurial and innovative community outcome area was used to calculate individual index values for each indicator where data was available. The graph below shows the average of these individual index values, and represents the entrepreneurial and innovative community GPI for the Wellington region from 2001-2018.

 

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Entrepreneurial and innovative community GPI, 2001-2018

What this means

Between 2001 and 2017, the entrepreneurial and innovative community outcome has been overall on an upward trend, increasing by 26%.

 

Following a modest increase from 2001 the index exhibits a strong rise up to 2004, which is followed by a relatively minor dip across 2005 and 2006. The index then returns to growth, albeit less rapid, leading to another dip between 2009 and 2010. The upward trajectory returned with strong growth between 2010 and 2014, and a recent rise in 2016 through to 2018.

 

Did you know?

Using GDP, smoking has traditionally been counted as a benefit to the economy. With a GPI, smoking is regarded as a cost

5 Indicators are being used to track Entrepreneurial & Innovative in the Wellington region

Click on each indicator below to access further information


Download Territorial Authority data for these Indicators


School leaver qualifications

Why is this indicator important?

Upper secondary school qualifications, currently NCEA level 2, serves as the foundation for higher (post-secondary) learning and training opportunities as well as the preparation for direct entry into the labour market. Those that leave education early with few qualifications are at much greater risk of unemployment or vulnerability in the labour force, and are more likely to have lower incomes, and fewer employment opportunities than those with higher qualifications.

Percentage of school leavers with NCEA level 2 or above, 2003-2017

Findings

  • In 2015, 84.4% of school leavers in the Wellington region left school with a qualification at NCEA level 2 or above.
  • The percentage of school leavers in the Wellington region with NCEA level 2 or above increased from 54% in 2003 to 84.4% in 2015.
  • A similar trend was observed for New Zealand overall, however the percentage of school leavers in the Wellington region with NCEA level 2 or above was consistently above the national rate from 2003 to 2015.

School leaver qualifications

Definition and data details

Indicator Definition

The total number of school leavers who attained an NCEA level 2 qualificvation or above as at the time they left school in a given school year expressed as a percentage of the total number of school leavers in a given school year.

Data Source

Ministry of Education

Last updated April 2019

Data points available only for years shown (2003 to 2017). Due to changes in the qualification structure, it is not possible to compare exactly the attainment of upper secondary school students who left before 2003 with those who left in 2003 or later.

Indicators are updated in April each year; for those indicators where new data or survey results have become available.

While care has been taken in processing, analysing and extracting information, we cannot guarantee that the information is free from error and we shall not be liable for any loss suffered through the use, directly or indirectly, of any information, product or service.