The economic benefits of standardisation to New Zealand

In today's increasingly complex and connected world, the role of standards is more important than ever. Standards and standardisation span all aspects of our economy and society, creating confidence, protecting people, and ensuring the smooth flow of local and international trade, while reducing risks. Read about the economic benefits of standards and standardisation below.

Standards can raise GDP by 1% – New Zealand research

Research carried out by Business and Economic Research Limited (BERL) in 2011 reveals that a more coordinated approach to standards development could lift New Zealand's gross domestic product (GDP) by up to 1% or $2.4 billion.

*Business and Economic Research Limited (BERL) Report to The Standards Council of New Zealand and The Building Research Association of New Zealand, 'The economic benefits of Standards to New Zealand', August 2011.

→ Read the full BERL report, The Economic Benefits of Standards to New Zealand [PDF 1 MB].

*Business and Economic Research Limited (BERL) Report to The Standards Council of New Zealand and The Building Research Association of New Zealand, 'The economic benefits of Standards to New Zealand', August 2011.

Read the full BERL report, The Economic Benefits of Standards to New Zealand [PDF 1 MB].

How standards help New Zealand businesses

These articles look at how standards help New Zealand organisations to trade locally and internationally, reduce costs and risks, and increase the quality of the goods and services produced.

 

Proving the economic benefits of standards – ISO case studies

A series of case studies by the International Organization for Standardization (ISO) on 11 companies show that implementing standards can provide economic benefits from between 0.5% and 4% of their annual sales revenues. Read more.

Download the case studies:


The benefits of international standards – ISO videos

International Organization for Standardization (ISO) standards help to make the world a safer, cleaner, and more efficient place. A series of short ISO videos below communicate the benefits that international standards provide.

 

General public video

ISO standards help to make the world a safer, cleaner, and more efficient place – from food safety to computers, and from healthcare to new technologies. Watch the video.

Business and government video

Today's world is full of challenges: for business, government, and society. Chief Executive Officers use ISO standards as practical tools to achieve their business objectives, and ISO Standards provide governments and regulators with vital technical support. Watch the video.

Energy management video

Developing international standards for energy management is a priority for ISO because of the significant potential to save energy and reduce greenhouse gas (GHG) emissions worldwide. Watch the video.

Environment video

ISO standards offer practical tools to monitor climate change, quantify greenhouse gas (GHG) emissions, promote good practice in environmental management, and open world markets for energy efficient technologies. Watch the video.

Food safety video

ISO's food safety standards ensure the safety of food along global food chains and benefit producers, manufacturers, regulators, retailers, and consumers. Watch the video.

Healthcare video

Caring for us and our loved ones needs so many aspects to meet high standards. ISO's healthcare standards provide a world of solutions for manufacturers, regulators, healthcare professionals, and patients. Watch the video.

Note: Standards New Zealand is New Zealand's representative for the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), and ensures that New Zealand has a voice in the international standards community.

You can order international standards from Standards New Zealand by calling 0800 782 632 during business hours or emailing enquiries@standards.co.nz. Standards New Zealand members receive a 20% discount on standards. Visit our Membership page for more information.

World Standards Day – 14 October

The annual day to celebrate standards globally is 14 October. International standards are powerful tools for helping organisations capitalise their potential in the global marketplace. Developed by experts from around the world, they contain internationally harmonised best practice, which can be used to measure, compare, and increase efficiency and reduce waste.

 Last updated 2 March 2017