A new report released this week from the New Zealand Institute of Economic Research (NZIER) estimates that Uber Eats grows the size of the New Zealand economy by $162 million per year.
Other headlines from the report include –
- Additional employment generated by ready to eat services totalled 517 new jobs across New Zealand (with Auckland, Wellington and Waikato benefiting most).
- A higher adoption of ready to eat services attributed to a $21.5 million lift in the restaurant sector in 2018.
- Restaurants that partnered with Uber Eats saw average take home revenues of nearly $60,000 across 2019 from sales through the platform.
- In 2019, Uber Eats services improved New Zealanders’ wellbeing by $4 million from less time spent travelling and $30 million from food preparation time savings.
NZIER also noted that ready to eat services led to –
- An increase in demand for restaurant orders.
- Higher economic activity for the Uber Eats delivery partners in the transport sector
- An increase in the size of the business services sector.
- A shift in activity from households’ grocery shopping to wholesale grocery shopping by the restaurants.
- Wellbeing gains for customers who spent less time travelling to pick up food, preparing their meals and cleaning up the dishes.