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New Zealand

New Zealand Working time to buy Stats

Definitions

  • A car: Hours worked by average worker to buy a car. Indicative of the purchasing power of the currency of the country.
  • A refrigerator: Hours worked by average worker to buy a refrigerator. Indicative of the purchasing power of the currency of the country.
  • A television set: Hours worked by average worker to buy a television set. Indicative of the purchasing power of the currency of the country.
  • Beef: Number of minutes worked by average worker to buy one kilo of beef. The comparison of income levels only becomes meaningful if the cost of buying the necessities and luxuries of life is also considered.
  • Bread: Number of minutes worked by average worker to buy bread.
  • Chicken: Number of minutes worked by average worker to buy one kilo of chicken. The comparison of income levels only becomes meaningful if the cost of buying the necessities and luxuries of life is also considered.
  • Fish: Number of minutes worked by average worker to buy one kilo of fish. The comparison of income levels only becomes meaningful if the cost of buying the necessities and luxuries of life is also considered.
  • Milk: Number of minutes worked by average worker to buy 1 litre of milk.
STAT AMOUNT DATE RANK
A car 1,175 hours 2002 12th out of 16
A refrigerator 37 hours 2002 7th out of 15
A television set 20 hours 2002 11th out of 15
Beef 45 minutes 2002 13th out of 16
Bread 8 minutes 2002 10th out of 16
Chicken 19 minutes 2002 11th out of 16
Fish 48 minutes 2002 10th out of 15
Milk 5 minutes 2002 5th out of 16

SOURCES: International Metalworkers' Federation, The Purchasing Power of Working Time 2002: An International Comparison of Average Net Hourly Earnings 2001 (International Metalworkers' Federation, Geneva, 2002)

Citation

"New Zealand Working time to buy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/New-Zealand/Labor/Working-time-to-buy