The Economy of the New

Zealand

Tomescu Viorica

I. General overview of
the
economy
New Zealands economic freedom score is 82.1, making its

economy the 3rd freest in the 2015 Index. Its score is up by 0.9
point, with improvements in the management of government
spending, monetary freedom, and labor freedom outweighing
declines in freedom from corruption, fiscal freedom, and business
freedom. New Zealand is ranked 3rd out of 42 countries in the
AsiaPacific region and 3rd in the world.
New Zealands economic development over the past few decades

has been built on principles of market openness and free trade.

Reforms in the 1980s opened the economy to imports, reduced the
size of government, and lowered the tax burden. These changes,
enhanced in recent decades, have solidified the economys ranking
among the worlds freest, with a high standard of living and low
rates of poverty.
New Zealands prosperity rests on its well-established rule of law.

The economy is the least corrupt in the world, and property rights,
including intellectual property, are strongly protected.
Entrepreneurs generally find regulations efficient, and the labor
market is efficient in allocating labor. Despite having one of the
worlds most open financial sectors, New Zealand banks avoided

Endowment with different resources like :

GDP

GDP PER CAPITA

GDP growth rate

GDP - composition by sector- Value added as % of GDP of agriculture, industry,

services in 2013

Inflation Rate.

Unemployment rate. Total,% of

labour force, 2014

External debt data through 2012 in USD $:

85,180,000,000
Currency :
NZD Stats
Name:New Zealand Dollar
Symbol:$ Cent:c

R&D spending

Doing business easiness world

ranking
Source:

doingbusiness.org

New Zealand 2-TH

New Zealand Strengths:

Getting Credit( 1st world rankings)
Starting a business
Protecting Minority Investors

Weaknesses:
Getting Electricity
Paying Taxes
Trading Across Borders
Resolving Insolvency

Membership in Intern. Org.

United Nations (UN);
World Trade Organization(WTO);
World Bank;
International MonetaryFund(IMF);
Organisation
for Economic Co-operation and Devel
opment
(OECD);International Energy Agency;
Asian Development Bank;
Pacific Islands Forum;
Secretariat of the Pacific Community;
Colombo Plan;
Asia-Pacific Economic Cooperation
(APEC); and the
International Whaling Commission.
New Zealand also is an active member
of theCommonwealth.

II. Description of the population

and country participation in
international migration
Population......................................................................

4,401,916(July 2014 est.)

Population growth
rate.............................................................0.83%
(2014est.)
Birth
rate.....................................................13.4births/1,000
population (2014est.)
Death rate................................................7.3
deaths/1,000 population (2014est.)
Net migration rate...............................2.23

Composition of population by age

Life expectancy

99%

99% . Age 15 and over can read and write

(2014 est).

Commonwealth of Nations
One of the highest HDIs and
Very high human development
Australia0.9332
New Zealand0.9103

Imports in New Zealand decreased to

4234.88 NZD Million in November of 2014
from 4905 NZD Million in October of
2014.Balance of Trade: -925.00 in 2014

Exports in New Zealand increased to

4021.46 NZD Million in November of
2014 from 3994 NZD Million in
October of 2014.

III. Country participation in

international trade

High-tech exports (% of
manufactured exports)

Exports of services rise $603 million

New Zealand exported $16.9 billion of services in

the year ended June 2014, up $603 million from

2013. The increase was mainly driven by
overseas visitors spending more in New Zealand.
The largest fall was in personal, cultural, and
recreational services, down $181 million to $477
million.
Travel and transportation services, valued at
$12.1 billion for the year ended June 2014,
accounted for 72 percent of total service exports.

IV. Country participation in

international capital flows
FDI Inflow in 2014: FDI Outflow: 2010:

0.3, 2011: 1.5

$986.5 million
-0.3

2012:

Open market index: 4.1

FDI Stock(million USD)
In 2010: 69,983
In 2011: 73,64
In 2012: 81,429
FDI Stock(in % of GDP)
In 2010: 48.9
In 2011: 45.2
In 2012: 47.5

The Main partner of a country :

Leading export/import market :
Australia
FDI performance
In 2010 : 140

In 2011 : 146
Potential index
In 2011 : 71

Activity of TNC having the

headquarters in New Zealand

TPPA a multinational corporate tool for

undermining environmental protection law
The TPPA is not a trade deal. It is not about
imports and exports its about regulations
and control. Its framework is designed to allow
corporations to compromise the way we
manage our natural resources, our health
care, intellectual property.
Its tentacles reach into every aspect of their
lives to service the shareholders bottom
line.

V. Interesting facts about the country

1. New Zealand is the fastest country in the world to start a
business: just one day.
3. No part of thecountryis more than 128km (79 miles) from
the sea.
5.Wellingtonis the southernmost capital city in the world.
6. Only 5% of NZs population is human- the rest areanimals.
7. NZ is the least corrupt nation in the world (tied with
Denmark), according to theCorruptions Perception Index.
8. New Zealand is second only to the USA for the number of
McDonalds Restaurants per head of population.
10. New Zealand is home to the worlds smallest dolphin
species.
11. There are no landsnakes, native or introduced, in NZ.
According to the most recent numbers from SPARC and the NZRU, the

most popular sports in New Zealand, measured by club memberships,

are as follows:
Rugby Union: 136,059

Golf: 132,063
Netball: 123,069
Soccer: 105,000

13. In 2008, TripAdvisor named Milford Sound

(pictured below) the worlds top travel destination,

based on an internationalsurvey.

 14. Organised commercialbungeejumping first

began in New Zealand.

16. The lowest denomination in NZcurrencyis the
10 cent piece.
17. More people die in New Zealand each year
playing lawn bowls thanscuba diving.
18. NZ is home to more species of penguins than
any othercountry.
19. In 1893, New Zealand became the first country
to give women the right tovote.
20.Aucklandis one of the most affordable cities in
the world to live in.
21. One in three Auckland households own aboat.
23. In 2013, NZlegalisedsame-sex marriage.
25. New Zealand is home to thegiant weta, the
heaviest insect in the world. It is heavier than a
sparrow and looks like a giant cockroach.

26.Baldwin Street, in Dunedin, is the worlds

steepest street. The road has a gradient of 1 in
2.86 at its steepest section, a 38 per cent grade.

 27. 15% of NZs population areMori.

28. New Zealand is similar insizeto the UK, but only has
a population of about 4 million (compared to 63 million in
the UK).
29. About one third of thecountryis protected national
park.
30. NZ was voted the worlds bestcountryin 2007 and
2008 by Wanderlust magazine.
32. There are only two countries in the world where
drug companiesare permitted to advertise to the public:
New Zealand and USA.
34. More people live inAucklandthan in the whole of the
South Island.
35. The logo for the Royal New Zealand Air Force is akiwi
- a flightless bird.
39. Two NZ rescue dogs were taught to drive a car around
a track, in order to prove the intelligence of shelter
animals.
For each person who lives here, New Zealand

Blue Lake, in Nelson Lakes National

Park, has the clearest water in theworld.