Economy of New Zealand
Population: 4.89 M (2018)
GDP per Capita: 41,945 USD (2018)
204,920 M.

GDP USD

(2018)

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57,640 M.

EXPORTS USD

(2018)

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57,940 M.

IMPORTS USD

(2018)

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28.15 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 2.77 % (2018)
GDP of 2010 USD USD 185.60 B. (2018)
GDP Current USD USD 204.92 B. (2018)
GDP per Capita Current USD USD 41,945 (2018)
GDP per capita, PPP USD 36,352 (2018)
GDP per Capita, 2010 USD USD 37,997 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 18.24 % (2018)
Government Spending USD 37.37 B. (2018)
Government Debt % GDP 28.15 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 144.70 (2018)
Trade Openness 56.40 % (2018)
Exports of Goods and Services % GDP 28.13 % (2018)
Exports Goods & Services USD 57.64 B. (2018)
Exports Annual Growth 2.72 % (2018)
Imports as % GDP 28.27 % (2018)
Total Imports USD 57.94 B. (2018)
Foreign Direct Investment % GDP 1.04 % (2018)
Foreign Direct Investment USD 1.61 B. (2018)
Current Account Balance % GDP USD -3.76 % (2018)
Current Account Balance USD -7.71 B. (2018)
Trade Balance % GDP -0.15 % (2018)
Trade Balance USD 0.07 B. (2018)
Foreign Exchange Reserves incl Gold USD 17.66 B. (2018)
Remittances % GDP 0.22 % (2018)
Remittances USD 453 M. (2018)
Balance of Payments USD 6,344 M. (2018)

Labor Market

Indicator Value
Labor Force 2.77 M. (2019)
Unemployment Rate 4.81 % (2019)
Unemployment Rate Females 4.45 % (2019)
Unemployment Rate Males 3.72 % (2019)
Youth Unemployment (ages 15-24) 12.53 % (2019)
Labor Force Participation Rate 69.91 % (2019)
Labor Force (Percent Female) 47.61 % (2019)
Female Labor Force Participation Rate 64.53 % (2019)
Male Labor Force Participation Rate 75.59 % (2019)
Dependent People 54.57 % (2018)

Agriculture Sector

Indicator Value
Forest Area 38.60 % (2016)
Forest Area km² 101,522 km² (2016)
Agricultural Land 40.45 % (2016)
Agricultural Land km² 106,510 km² (2016)
Employment 6.10 % (2019)
Value added % GDP 6.57 % (2016)
Agriculture Value added USD 12.34 B. (2016)
Crop Production Index 121.30 (2016)
Precipitation 1,732 mm (2014)
Arable Land 2 % (2016)
Cereal Yield 8,464 kg/hectare (2017)
Food production index 119 (2016)
Rural Population 13 % (2018)
Fertilizer use of Arable Land 1,777 kg/hectare (2016)
Livestock Production Index 117 (2016)
Economy of New Zealand

According to the World Bank and its latest published data, the economy of the New Zealand presents a growth rate of 2.77 % (2018) to the previous year.

With a population that reaches 4.89 M (2018) and a gross domestic product of USD 204.92 B. (2018), it translates a Gross Domestic Product per Capita of USD 41,945 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

New Zealand also has a workforce of 2.77 M. (2019) with an unemployment rate of 4.81 % (2019), where women represent 4.45 % (2019) and men 3.72 % (2019), the unemployment rate for young people between 15-24 years old stood at 12.53 % (2019). The total number of dependent people stands at 54.57 % (2018).

The central government spent 18.24 % (2018) of its gross domestic product that year, which in absolute terms is USD 37.37 B. (2018). Its consolidated public debt reached 28.15 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, New Zealand exported USD 57.64 B. (2018), which represents 28.13 % (2018) of its gross domestic product, in that same sense its imports reached USD 57.94 B. (2018) with a direct foreign investment of USD 1.61 B. (2018).

New Zealand has a forest area of 101,522 km² (2016), which represents 38.60 % (2016) of its total area, an average rainfall of 1,732 mm (2014) per year and a population of 13 % (2018) living in rural areas. With a total area of 106,510 km² (2016) available for agriculture and 6.10 % (2019) of its employments, the agricultural sector contributes to the economy of the New Zealand about USD 12.34 B. (2016) (6.57 % (2016) of its GDP).