New Zealand’s Gaming Industry Is On The Rise

According to data from the NZ Game Developers Association, video game companies in the country have seen their collective revenues increase to $407 million from $267 million last year. Additionally, New Zealand’s 74 gaming companies saw a 10% year-over-year increase in full-time employees.

“Digital games are New Zealand’s single fastest-growing export and one of our most productive sectors,” said Chelsea Rapp, the chairperson of the NZ Game Developers Association. “If we can keep this current growth trajectory going, there will be significant benefits to New Zealand, including significant creation of high-paying jobs with a low carbon footprint. That means the New Zealand government must take urgent action. If they do nothing, it will be a massive lost opportunity.”

New Zealand’s video game market is only expected to grow over the next few years. From 2022 to 2027, the New Zealand gaming sector will experience a compound annual growth rate (CAGR) of 6.57% according to Statista. As a result, the industry will reportedly be worth $480.5 million by 2027. Moreover, the number of gamers in the country will jump to 2.7 million people by that time.

(All information was provided by 1 News and Statista)

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