| Introduction - New Zealand: |
| Location - New Zealand: |
| People - New Zealand: |
| Government - New Zealand: |
| Economy - New Zealand: |
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), broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures. Per capita income has risen for eight consecutive years and reached $26,000 in 2006 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 are equal to about 24% of GDP, down from 33 percent 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. |
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Gdp purchasing power parity | $106.9 billion (2006 est.) |
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Gdp official exchange rate | $98.39 billion (2006 est.) |
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Gdp real growth rate | 1.5% (2006 est.) |
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Gdp per capita ppp | $26,200 (2006 est.) |
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Gdp composition by sector | agriculture: 4.3%
industry: 26.9%
services: 68.8% (2006 est.) |
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Labor force | 2.18 million (2006 est.) |
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Labor force by occupation | agriculture: 10%
industry: 25%
services: 65% (1995) |
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Unemployment rate | 3.8% (2006 est.) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA
highest 10%: NA (1991 est.) |
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Distribution of family income gini index | 36.2 (1997) |
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Inflation rate consumer prices | 3.8% (2006 est.) |
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Investment gross fixed | 22% of GDP (2006 est.) |
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Budget | revenues: $41.51 billion
expenditures: $36.99 billion; including capital expenditures of $NA (2006 est.) |
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Public debt | 19.9% of GDP (2006 est.) |
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Agriculture products | wheat, barley, potatoes, pulses, fruits, vegetables; wool, beef, lamb and mutton, dairy products; fish |
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Industries | food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism, mining |
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Industrial production growth rate | 1.2% (2006 est.) |
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Electricity production | 41.1 billion kWh (2004) |
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Electricity consumption | 38.22 billion kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 27,860 bbl/day (2004 est.) |
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Oil consumption | 150,600 bbl/day (2004 est.) |
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Oil exports | 15,720 bbl/day (2004) |
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Oil imports | 140,900 bbl/day (2004) |
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Oil proved reserves | 51.48 million bbl (1 January 2005) |
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Natural gas production | 4.35 billion cu m (2004 est.) |
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Natural gas consumption | 4.349 billion cu m (2004 est.) |
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Natural gas exports | 0 cu m (2004 est.) |
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Natural gas imports | 0 cu m (2004 est.) |
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Natural gas proved reserves | 33.36 billion cu m (1 January 2005 est.) |
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Current account balance | -$7.944 billion (2006 est.) |
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Exports | $23.69 billion (2006 est.) |
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Exports commodities | dairy products, meat, wood and wood products, fish, machinery |
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Exports partners | Australia 20.5%, US 13.1%, Japan 10.3%, China 5.4%, UK 4.9% (2006) |
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Imports | $25.23 billion (2006 est.) |
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Imports commodities | machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics |
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Imports partners | Australia 20.5%, China 12.3%, US 11.8%, Japan 9.2%, Germany 4.4%, Singapore 4.4% (2006) |
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Reserves of foreign exchange and gold | $10 billion (2006 est.) |
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Economic aid donor | ODA, NA (2006 est.) |
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Debt external | $47 billion (2006 est.) |
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Currency code | New Zealand dollar (NZD) |
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Exchange rates | New Zealand dollars per US dollar - 1.5408 (2006), 1.4203 (2005), 1.5087 (2004), 1.7221 (2003), 2.1622 (2002) |
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| Communications - New Zealand: |
| Transportation - New Zealand: |
| Military - New Zealand: |
This page was last updated on 16 September, 2007
