Breaking Records with Economic Contributions
In 2024, the University of Otago – Ōtākou Whakaihu Waka crossed a landmark, contributing over $2 billion to the New Zealand economy. This remarkable achievement, as noted in the 2024 Economic Impact Report, underscores the university’s immense value beyond just education.
Supporting Thousands of Jobs Nationwide
The report cites that Otago University supported around 7,954 full-time equivalent jobs last year. The university’s expenditure, along with that of its staff and students, played pivotal roles in bolstering national economic growth. In fact, this substantial economic presence has marked the first instance of the University contributing over $2 billion.
A Local Catalyst in Dunedin
Dunedin, home to the majority of Otago’s students and staff, has benefited substantially. With a staggering $1.31 billion added to the local economy, Otago University directly supports approximately 6,259 full-time jobs, equivalent to 9% of the local workforce. This contribution reflects the significant slice—some 15%—of Dunedin’s Gross Regional Product driven by the University.
Extending Reach to Christchurch and Wellington
Not just limited to Dunedin, Otago University also makes meaningful contributions to Christchurch and Wellington through its health sciences-focused campuses. In Christchurch, the institution added \(88 million, supporting 368 full-time jobs. Meanwhile, in Wellington, the figures stood at \)83 million and 349 full-time jobs.
Looking Ahead: Continuous Growth
According to Mirage News, with an enrolment of 18,690 full-time equivalent students and employing 4,013 staff across various New Zealand cities, the University of Otago continues to stand as one of New Zealand’s largest employers. This trajectory of growth fosters not just economic but social and cultural prosperity within the communities it inhabits.
Conclusion: Beyond Numbers
While statistics highlight the immediacy of economic contribution, as Vice-Chancellor Grant Robertson articulates, the broader effects encompass empowered local businesses and enriched community lives through education and engagement. Thus, the University’s economic prowess is matched by its societal impact—ensuring vibrant futures for all its stakeholders.
