NZIER

What NZIER does

NZIER (New Zealand Institute of Economic Research) is an independent, non-profit economic consultancy founded in 1958 and headquartered in Wellington, New Zealand. The firm provides economic analysis, modelling, and forecasting services to private and public sector decision makers, and has operated continuously for over 60 years. Its service portfolio spans cost-benefit analysis, market analysis, economic impact analysis, competition economics, regulation assessment, policy reviews, public policy advice, social investment analysis, and expert witness services, delivered across 14+ sector verticals including health, energy, climate change, education, transport, trade, local government, and primary industries. Leadership comprises Jason Shoebridge as Chief Executive Officer and Todd Krieble as Chief Development Officer & Principal Economist; a formal leadership transition was announced in December 2024.

The firm's core products are recurring research publications and proprietary datasets: Quarterly Predictions (economic forecasts), Consensus Forecasts (aggregated forecaster views), the Quarterly Survey of Business Opinion (QSBO) — a long-running business sentiment indicator — the NZIER Shadow Board (independent monetary policy recommendations on the Official Cash Rate), Data1850 (historical economic data repository), and the NZIER Insight research series. Technically, NZIER specializes in quantitative economic methods including Computable General Equilibrium (CGE) modelling, supported by proprietary datasets built over decades that constitute a meaningful data moat. A Public Good programme supplements commercial work with educational content and outreach to encourage economic debate in New Zealand.

NZIER operates a hybrid revenue model combining fee-for-service consulting engagements with a recurring membership programme that grants access to proprietary reports, data, and direct consultation with the forecasting team. Distribution is conducted primarily through direct enterprise sales to private and public sector clients, supported by website publications, email newsletters, webinars, and media releases. As a non-profit, the organization is self-governed under a Board, with no parent company and no external investment funding disclosed.

Name

NZIER

Legal name

NZIER (New Zealand Institute of Economic Research)

Website

https://nzier.org.nz

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

11–50 employees

Short description

NZIER is an independent, non-profit economic consultancy founded in 1958 in Wellington, New Zealand, providing economic modelling, forecasting, cost-benefit analysis, and policy advice to private and public sector clients via consulting engagements and a membership programme.

Ownership category

akta.pro rank

Product category

Economic Consulting and Research

NAICS

Other Scientific and Technical Consulting Services (54169)

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPADAMAJ

Economic Research, Statistics & Policy Advisory

Business & Public Services/International Organizations & Development/International Trade & Economic Development

Keywords

• Economic consulting
• Policy advisory
• Economic forecasting
• Cost-benefit analysis
• Market analysis

Headquarters

HQ city

Wellington

HQ country

New Zealand

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Consulting Services: Fee-for-service consulting engagements providing economic advice to private and public sector clients. Services include cost-benefit analysis, economic impact analysis, market analysis, policy advice, expert witness services, and economic modelling and forecasting.
2. Membership Programme: Annual membership providing exclusive access to reports, data, and direct access to the forecasting team. Members receive Quarterly Predictions, Consensus Forecasts, CPI Forecasts, and QSBO reports.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

NZIER is an independent, non-profit economic consultancy that sells economic research, forecasting, and policy advisory services to private and public sector clients in New Zealand. Its core offerings include fee-for-service consulting (cost-benefit analysis, economic impact analysis, CGE modelling, market analysis, policy reviews, expert witness), a subscription Membership Programme granting access to proprietary forecasts and data, and recurring economic intelligence publications such as Quarterly Predictions, Consensus Forecasts, the QSBO, and the NZIER Shadow Board.

Product overview

NZIER is an independent economic consultancy offering a portfolio of research publications, forecasting services, and advisory offerings. The core products include the Quarterly Predictions, Consensus Forecasts, Quarterly Survey of Business Opinion (QSBO), and Shadow Board—collectively providing economic intelligence and monetary policy guidance. These are complemented by the NZIER Insight publication series, Data1850 data platform, and a Public Good Programme for educational outreach. NZIER also offers consulting services including economic modelling (CGE), cost-benefit analysis, and sector-specific advisory across areas like energy, health, and trade. The membership programme provides exclusive access to proprietary reports and direct forecasting team consultation.

Differentiator

Problem solved

Functional benefit

Brands

• Quarterly Predictions: NZIER's quarterly economic forecasts for New Zealand
• Consensus Forecasts
• NZIER Shadow Board
• Quarterly Survey of Business Opinion (QSBO)
• Public Good Programme
• Data1850
• NZIER Insight

Products and services

• Quarterly Predictions Regular economic forecasting publication providing predictions on New Zealand's economic outlook, including growth forecasts, inflation, and monetary policy implications. Aimed at members and subscribers requiring forward-looking economic intelligence.
• Consensus Forecasts Aggregated economic forecasts drawing on multiple forecasters' views to provide consensus projections on key economic indicators for New Zealand. Targeted at members and economic intelligence consumers.
• Quarterly Survey of Business Opinion (QSBO) Quarterly survey measuring business sentiment, confidence, and activity levels across New Zealand businesses, providing insights into economic conditions. Aimed at members and decision makers needing business-cycle intelligence.
• NZIER Shadow Board Expert advisory panel providing recommendations on Official Cash Rate (OCR) decisions, offering independent perspectives on monetary policy settings. Serves members, media, and public sector audiences seeking independent monetary policy views.
• Data1850 Data resource providing access to economic datasets and historical information for research and analysis purposes, focused on New Zealand economic time series.
• NZIER Membership Programme Annual membership offering exclusive access to NZIER reports, data, and direct consultation with the forecasting team. Members receive Quarterly Predictions, Consensus Forecasts, CPI Forecasts, and QSBO reports.
• Economic Modelling and Forecasting Consulting (including CGE) Specialized fee-for-service consulting including Computable General Equilibrium (CGE) modelling, cost-benefit analysis, and economic impact assessments. Sold to private and public sector clients requiring bespoke economic analysis.
• Cost-Benefit Analysis Consulting Fee-for-service cost-benefit analysis engagements for private and public sector clients evaluating projects, policies, and programmes.
• Market Analysis Consulting Fee-for-service market analysis engagements providing private and public sector clients with independent market intelligence to inform strategic decisions.
• Economic Impact Analysis Consulting Fee-for-service economic impact analysis engagements quantifying the economic effects of policies, projects, or events for private and public sector clients.
• Policy Reviews and Advice Consulting Fee-for-service policy review and advisory engagements supporting government and private sector clients in developing and evaluating policy.
• Expert Witness Services Provision of expert economic witness testimony and analysis for legal and regulatory proceedings, drawing on NZIER economists' expertise.
• NZIER Insight Research Publications Research publication series covering economic analysis, policy insights, and commentary on topical economic issues affecting New Zealand. Distributed to members and the public.
• Public Good Programme Educational initiative that provides public resources (including the MONIAC machine and economics explained content) to encourage debate on economic issues affecting New Zealand.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators2 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Sapere Research Group: Australasian economics and public policy consultancy offering cost-benefit analysis, regulation and expert advisory across NZ and Australia, closely comparable to NZIER.
• Motu Economic and Public Policy Research: NZ non-profit economic and public policy research institute; shares NZIER's independent research mission and public-good orientation.
• BERL (Business and Economic Research Limited): NZ-based independent economic research and consulting firm offering policy analysis and economic impact studies, directly overlapping NZIER's core services and market.
• Infometrics: New Zealand economic consultancy providing forecasting, economic impact analysis and regional data; competes directly with NZIER for NZ public and private economic advisory work.
• Sense Partners: New Zealand economic consultancy providing forecasting and policy advice, competing for the same NZ government and corporate clients as NZIER.

Broad incumbents

• Frontier Economics: International microeconomics consultancy focused on competition, regulation and policy, comparable to NZIER's regulatory and competition advisory work.
• NERA Economic Consulting: Global economic consultancy specializing in competition, regulation and expert witness economics, overlapping NZIER's higher-end advisory offerings.
• Oxford Economics: Global economic forecasting and analysis firm providing subscription data and consulting, comparable to NZIER's forecasting and membership model at larger scale.
• Deloitte Access Economics: Large economics advisory arm of Deloitte offering forecasting and economic impact analysis in Australasia, overlapping NZIER's services as part of a broader firm.

Emerging players

• Cambridge Econometrics: Economics consultancy specializing in economic modelling (including CGE-style models) and policy analysis, overlapping NZIER's modelling and forecasting niche.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/nzier
• YouTubeyoutube.com/channel/UCxkFQ_0gDkLS0dIXpX7wRVA
• LinkedInlinkedin.com/company/new-zealand-institute-of-economic-research-nzier-
• Facebookfacebook.com/NZ-Institute-of-Economic-Research-Inc-NZIER-308500201678

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NZIER