Economy - overview:
Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes - but left behind some at the bottom of the ladder - and broadened and deepened the technological capabilities of the industrial sector. Per capita income rose for ten consecutive years until 2007 in purchasing power parity terms, but fell in 2008-09. Debt-driven consumer spending drove robust growth in the first half of the decade, helping fuel a large balance of payments deficit that posed a challenge for economic managers. Inflationary pressures caused the central bank to raise its key rate steadily from January 2004 until it was among the highest in the OECD in 2007-08; international capital inflows attracted to the high rates further strengthened the currency and housing market, however, aggravating the current account deficit. The economy fell into recession before the start of the global financial crisis and contracted for five consecutive quarters in 2008-09. In line with global peers, the central bank cut interest rates aggressively and the government developed fiscal stimulus measures. The economy posted a 2% decline in 2009, but pulled out of recession late in the year, and achieved 1.7% growth in 2010 and 2% in 2011. Nevertheless, key trade sectors remain vulnerable to weak external demand. The government plans to raise productivity growth and develop infrastructure, while reining in government spending.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding New Zealand on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Zealand Economy 2012 information contained here. All suggestions for corrections of any errors about New Zealand Economy 2012 should be addressed to the CIA.
$123.3 billion (2011 est.)
country comparison to the world: 65
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$168.8 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
2% (2011 est.)
country comparison to the world: 153
[see also: GDP - real growth rate country ranks ]
$27,900 (2011 est.)
country comparison to the world: 48
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 4.7%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 24%
[see also: GDP - composition by sector - industry country ranks ]
services: 71.3% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
2.353 million (2011 est.)
country comparison to the world: 112
[see also: Labor force country ranks ]
agriculture: 7%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 19%
[see also: Labor force - by occupation - industry country ranks ]
services: 74% (2006 est.)
[see also: Labor force - by occupation - services country ranks ]
6.5% (2011 est.)
country comparison to the world: 68
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: %NA
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: %NA
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
36.2 (1997)
country comparison to the world: 88
[see also: Distribution of family income - Gini index country ranks ]
19.4% of GDP (2011 est.)
country comparison to the world: 126
[see also: Investment (gross fixed) country ranks ]
revenues: $61.94 billion
[see also: Budget revenues country ranks ]
expenditures: $75.31 billion (2011 est.)
[see also: Budget expenditures country ranks ]
36.7% of GDP (2011 est.)
country comparison to the world: 54
[see also: Taxes and other revenues country ranks ]
-7.9% of GDP (2011 est.)
country comparison to the world: 186
[see also: Budget surplus (+) or deficit (-) country ranks ]
33.7% of GDP (2011 est.)
country comparison to the world: 92
[see also: Public debt country ranks ]
4.5% (2011 est.)
country comparison to the world: 105
[see also: Inflation rate (consumer prices) country ranks ]
2.5% (31 December 2009)
country comparison to the world: 72
[see also: Central bank discount rate country ranks ]
10.3% (31 December 2011 est.)
country comparison to the world: 99
[see also: Commercial bank prime lending rate country ranks ]
$29.5 billion (31 December 2011 est.)
country comparison to the world: 59
[see also: Stock of narrow money country ranks ]
$154.6 billion (31 December 2011 est.)
country comparison to the world: 45
[see also: Stock of broad money country ranks ]
$242.2 billion (31 December 2011 est.)
country comparison to the world: 38
[see also: Stock of domestic credit country ranks ]
$36.3 billion (31 December 2010)
country comparison to the world: 48
[see also: Market value of publicly traded shares country ranks ]
dairy products, lamb and mutton; wheat, barley, potatoes, pulses, fruits, vegetables; wool, beef; fish
food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism, mining
1.6% (2011 est.)
country comparison to the world: 133
[see also: Industrial production growth rate country ranks ]
42 billion kWh (2009 est.)
country comparison to the world: 53
[see also: Electricity - production country ranks ]
39.02 billion kWh (2008 est.)
country comparison to the world: 53
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
60,480 bbl/day (2010 est.)
country comparison to the world: 58
[see also: Oil - production country ranks ]
149,700 bbl/day (2010 est.)
country comparison to the world: 67
[see also: Oil - consumption country ranks ]
47,200 bbl/day (2009 est.)
country comparison to the world: 81
[see also: Oil - exports country ranks ]
138,000 bbl/day (2009 est.)
country comparison to the world: 60
[see also: Oil - imports country ranks ]
4.481 billion cu m (2010 est.)
country comparison to the world: 50
[see also: Natural gas - production country ranks ]
4.481 billion cu m (2010 est.)
country comparison to the world: 63
[see also: Natural gas - consumption country ranks ]
0 cu m (2010 est.)
country comparison to the world: 158
[see also: Natural gas - exports country ranks ]
0 cu m (2010 est.)
country comparison to the world: 110
[see also: Natural gas - imports country ranks ]
34.38 billion cu m (1 January 2011 est.)
country comparison to the world: 69
[see also: Natural gas - proved reserves country ranks ]
-$5.097 billion (2011 est.)
country comparison to the world: 173
[see also: Current account balance country ranks ]
$40.92 billion (2011 est.)
country comparison to the world: 61
[see also: Exports country ranks ]
dairy products, meat, wood and wood products, fish, machinery
Australia 23.1%, China 11.2%, US 8.6%, Japan 7.8% (2010)
$35.07 billion (2011 est.)
country comparison to the world: 60
[see also: Imports country ranks ]
machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
Australia 18.1%, China 16%, US 10.5%, Japan 7.4%, Germany 4.1% (2010)
$19.03 billion (31 December 2011 est.)
country comparison to the world: 59
[see also: Reserves of foreign exchange and gold country ranks ]
$84.54 billion (31 December 2011 est.)
country comparison to the world: 46
[see also: Debt - external country ranks ]
$71.03 billion (31 December 2011 est.)
country comparison to the world: 49
[see also: Stock of direct foreign investment - at home country ranks ]
$NA (31 December 2010)
[see also: Stock of direct foreign investment - abroad country ranks ]
New Zealand dollars (NZD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12