December 11, 2017
Hollywood Reporter: New Zealand’s Film Industry Worth $720M to Economy
By Pip Bulbeck, Hollwood Reporter, 8 Dec 17
The New Zealand screen industry contributes around NZ$1.05 billion ($718 million) to real GDP and around $483 million to exports annually, according to a new economic study released by the New Zealand Film Commission (NZFC).
Economic modeling done by the New Zealand Institute of Economic Research (NZIER), based on the most recent available data (2015), estimates that without the industry’s major incentive, the International New Zealand Screen Production Grant (NZSPG), exports would shrink by $175 million, household consumption by $98 million and real GDP by $120 million per annum.
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