Podcasts Other The Mike Hosking Breakfast Bridget Snelling: Xero Country Manager on New Zealand's productivity rates remaining below pre-pandemic levels

Bridget Snelling: Xero Country Manager on New Zealand's productivity rates remaining below pre-pandemic levels

Published: April 9, 2024, 10:22 p.m.

Productivity is dipping, remaining below pre-pandemic levels.\xa0

Data from Xero shows that in the three years prior to the pandemic productivity sat at around the $100-$110/hour mark, but it fell again in December of last year to $99.30/hour.\xa0

The figure is based on data from 240,000 small businesses and is calculated by comparing a business\u2019 sales with the total hours worked.\xa0

Xero Country Manager Bridget Snelling told Mike Hosking that New Zealand currently sits in 30th out of the 38 countries in the OECD\u2019s most recent productivity rankings.\xa0

She said that while we want New Zealand to be competing on the world stage in terms of being an advanced digital economy, we\u2019re just not there.\xa0

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