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| NEW ZEALAND ECONOMY STATS: |
| Top Stats |
| | All Stats |
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Agriculture > products
wheat, barley, potatoes, pulses, fruits, vegetables; wool, beef, lamb and mutton, dairy products; fish |
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Big Mac Index
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$3.08 |
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[9th of 65]
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Business efficiency
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75.459 |
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[16th of 51]
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Commitment to foreign aid
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13% |
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[15th of 18]
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Debt > External
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$51,440,000,000.00 |
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[46th of 136]
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Distribution of family income > Gini index
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36.2 |
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[15th of 43]
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Economic freedom
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3.3 |
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[3rd of 156]
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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 many at the bottom of the ladder - and broadened and deepened the technological capabilities of the industrial sector. Per capita income has risen for eight consecutive years and reached $27,300 in 2007 in purchasing power parity terms. Consumer and government spending have driven growth in recent years, and exports picked up in 2006 after struggling for several years. Exports were equal to about 22% of GDP in 2007, down from 33% of GDP in 2001. Thus far the economy has been resilient, and the Labor Government promises that expenditures on health, education, and pensions will increase proportionately to output. Inflationary pressures have built in recent years and the central bank raised its key rate 13 times since January 2004 to finish 2007 at 8.25%. A large balance of payments deficit poses another challenge in managing the economy. |
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Exports
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$27,350,000,000.00 |
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[59th of 189]
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GDP
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$103,873,200,000.00 |
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[49th of 203]
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GDP > PPP
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$93,047,000,000.00 |
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[56th of 163]
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GDP > Real growth rate
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3.1% |
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[147th of 198]
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GDP per capita in 1950
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$8,495.00 |
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[3rd of 52]
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GDP per capita in 1973
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$12,575.00 |
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[9th of 52]
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GINI index
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36.17
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[11th of 40]
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Gross National Income
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$51,000,100,000.00 |
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[43rd of 172]
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Human Development Index
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0.933 |
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[19th of 178]
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Income category
High income: OECD |
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Public debt
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20.7 % of GDP |
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[92nd of 121]
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Technological achievement
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0.55 |
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[13th of 68]
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... View all Economy stats
SOURCES: CIA World Factbook, 28 July 2005; The Economist.; IMD International, 2005; UNDP, Human Development Report 1998 (Oxford University Press, Oxford 1998); All CIA World Factbooks 18 December 2003 to 18 December 2008; The Heritage Foundation; World Development Indicators database and CIA World Factbook; World Bank. 2005. World Development Indicators 2005.; Angus Maddison; World Development Indicators database; ; Human Development Report 2006, United Nations Development Programme; ; United Nations Development Program. Human Development Report 2001. New York: Oxford University Press,2001, Table A2.1. via ciesin.org
ALTERNATIVE NAMES:
New Zealand
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