According to data from the New Zealand Co-operative Economy Report, the country's top 30 co-operatives earned nearly $42 billion in revenue last year, roughly the same as 2015. It contributed to 13 percent of the national GDP by revenue. Members were up nearly 25% to 1.5 million, but employees were down 13%. However, total assets were up nearly 19 percent to just over $39 bln.
Among the larger co-operatives in New Zealand are Fonterra, Farmlands, Mitre 10, Zespri and Foodstuffs. Co-operative Business NZ said the business model was "thriving" in New Zealand. The report said 72 percent of co-operatives were in the agri-food sector, and have achieved increased revenues of around 10 percent since 2015.