New Zealand


New Zealand Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in New Zealand; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Reserve Bank of New Zealand
International Reserves US$ 17.012 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 180.548 billion (2011 estimate)
GDP (Purchasing Power Parity) 126.628 billion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
2.5% 4.9% 4.2% 4.4% 3.2% 1% 2.8% -0.1%
2009 2010 2011 2012*
-2.1% 1.2% 1.4% 2.3%

*Estimate

GDP per capita - current prices US$ 40,454 (2011 estimate)
GDP per capita - PPP $28,372 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.23% 0.2% 0.18% 0.16% 0.15%

**Forecast

GDP - composition by sector
  • agriculture: 4.7% 
  • industry: 24% 
  • services: 71.3% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) 1.3% (2009)

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
2.1%(2008) 2.3% 4% 2.1%

*Estimate

Unemployment rate
2009 2010 2011 2012*
6.1% 6.5% 6.5%(2009) 6%

*Estimate

Household saving rates 1.1% (Net saving; 2012 forecast)

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
20.3% 26.1% 32.3% 37% 36%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.6% -3% -5.2% -6.2% -4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AA

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$67.06 billion US$36.3 billion US$71.66 billion
Largest companies in New Zealand N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -9.8 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -5.4% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

28.7% (2010)

(Data released on April 2012)

Shares in world total merchandising export 0.21%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.24% (2011)(2007)

(Data were released in 2012)

Total exports US$37.73 billion (2012 estimate) 
Export commodities dairy products, meat, wood and wood products, fish, machinery
Total imports US$35.65 billion (2012 estimate) 
Import commodities machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
Exports - major partners Australia 22.2%, China 12.5%, US 8.5%, Japan 7.1% (2011)
Imports - major partners China 16.1%, Australia 15.9%, US 10.4%, Japan 6.3%, Singapore 4.6%, Germany 4.3% (2011)
FDI inflows
2009 2010 2011
US$-761 million US$636 million(2009) US$3,369 million(2009)
FDI outflows
2009 2010 2011
US$-1,037 million US$591 million US$2,856 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$4,092 million US$-275 million(2009) US$5,037 million(2009) US$5,031 million
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Reynolds Group Holdings Ltd, Pactiv Corp, United States, $4.5 billion

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 3 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 1 out of 185 countries(2009)

Enforcing Contracts: 17 out of 185 countries

Registering Property: 2 out of 185 countries

Getting credit: 4 out of 185 countries

Protecting investors: 1 out of 185 countries

Trading across border: 25 out of 185 countries

Paying Taxes: 21 out of 185 countries

Dealing with Construction Permits: 6 out of 185 countries

Getting Electricity: 32 out of 185 countries

Resolving Insolvency: 13 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
23

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 4 Score: 82.1 (Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+12
Total area 270,467 km2 (2006)
Capital Wellington (2009)
Currency New Zealand dollars (NZD) (2009)
Government type parliamentary democracy and a Commonwealth realm (2009)
Languages English (official), Maori (official), Sign Language (official)
Religions Anglican 14.9%, Roman Catholic 12.4%, Presbyterian 10.9%, Methodist 2.9%, Pentecostal 1.7%, Baptist 1.3%, other Christian 9.4%, other 3.3%, unspecified 17.2%, none 26% (2001 census)
Total population
1980 1990 2000 2012* 2017**
3.11 million 3.41 million 3.86 million 4.46 million 4.69 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
76% 83.4% 85.7% 86.2%
Population median age 37 years (2010)
Population growth rate 0.9% (2011)
Life expectancy 81 years (2010)
Adult literacy N/A
% of population living on less than $2 a day N/A
Inequality of wealth distribution (Gini index)

36.17 (1997)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

151.78% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 86% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Wellington: 136th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

7.4177 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS ANZ (National, 2013)
2012:
  • COUNTRY WINNERS ANZ (National, 2012)

WORLD'S BEST DEVELOPED MARKET BANKS

(ranking of the 50 safest banks in the world; the first is the safest)
2012:
  • Kiwibank (National, 2012)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2010)
2009:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2009)

WORLD'S SAFEST BANKS

2013:
  • OVERALL SAFEST Kiwibank (Global, 2013)
  • REGIONAL WINNERS Kiwibank (Australasia, 2013)
2012:
  • OVERALL SAFEST Kiwibank (Svein Gjedrem, 2012)
  • REGIONAL WINNERS Kiwibank (National, 2012)
2010:
  • REGIONAL WINNERS ASB Bank (Svein Gjedrem, 2010)
  • OVERALL SAFEST ASB Bank (Global, 2010)
2009:
  • OVERALL SAFEST ASB Bank Limited (Sanusi Lamido Sanusi, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS HSBC (National, 2012)
2011:
  • COUNTRY WINNERS HSBC (National, 2011)
2010:
  • COUNTRY WINNERS HSBC (National, 2010)
2009:
  • COUNTRY WINNERS HSBC (National, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS ANZ (Nordic, 2013)
2012:
  • COUNTRY WINNERS ANZ (Nordic, 2012)
2011:
  • COUNTRY WINNERS ANZ (National, 2011)
2010:
  • COUNTRY WINNERS Westpac Banking (National, 2010)
2009:
  • COUNTRY WINNERS Westpac Banking (National, 2009)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE