New Zealand SME Economic Year in Review 2021
In each quarter of 2021, MYOB tracked the business performance and economic outlook of local SMEs.
As expected, throughout the course of the year, our SME snapshots showed that confidence in the economy has been heavily influenced by the impacts driven by COVID-19, with businesses adapting to juggle additional lockdowns, supply chain issues, skilled employee shortages, and more.
These factors - along with a range of other economic challenges - have had a significant impact on business outlook and revenue predictions.
For a full recap of MYOB’s SME insights for 2021 and a review of the year to date, download the report.
The below interactive infographic also gives an overarching snapshot of the year. Simply click on each of the images within the graph to see more detail behind other key factors influencing economic confidence in New Zealand.
COVID-19
Auckland moves to Alert Level 3 from 14th – 22nd Feb (moves back to Alert Level 1 on 22nd), rest of NZ moves to Alert Level 2 from 14th – 17th Feb
COVID-19
Wellington moves to Alert Level 2 from 23rd June – 29th June
COVID-19
Delta/Alert Level 4 lockdown from 17th August 11:59pm
Vaccine
Pfizer-BioNTech vaccines began administering from 20th February
Housing
National median house prices rise by 24.3% from $665,000 in March 2020 to $826,300 in March 2021, according to REINZ
Inflation
3.3% in Q2, when compared with Q2 2020
Inflation
4.9% in Q3, when compared with Q3 2020
Trans-Tasman bubble
The bubble opened on 19th April
Trans-Tasman bubble
Bubble closed at 11:59pm 23rd July
Vaccine
COVID-19 vaccine Super Saturday – over 130,000 people vaccinated on 16th October
COVID-19
Raglan, Te Kauwhata, Huntly, Ngāruawāhia, Hamilton City and some surrounding areas move to Alert Level 3 from 3rd October
COVID-19
Auckland and Upper Hauraki move to Alert Level 3 from 21st September 11:59pm
Housing
National median house prices rise by 23.4% from $725,000 in October 2020 to $895,000 in October 2021, according to REINZ
