GFmag Online Readers Survey 2012
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 bankReserve Bank of New Zealand
International ReservesUS$ 20.562 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 153.252 billion (2009 estimate)
GDP (Purchasing Power Parity)120.2 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
3.8%2.5%4.9%4.2%4.4%3.2%1%2.8%
2008200920102011*
-0.1%-2.1%1.5%0.9%

*Estimate

GDP per capita - current pricesUS$ 34,701 (2009 estimate)
GDP per capita - PPP$27,217 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
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)1.21% (2007)

(Data released on November 2010)

Inflation
2008200920102011*
4%(2008)2.1%2.3%4.1%

*Estimate

Unemployment rate
2008200920102011*
4.2%6.2%6.5%(2009)6.7%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
17.4%20.4%26.1%31.6%35.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
2.9%0.7%-2.8%-4.1%-3.4%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: AA+/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$47.454 billionUS$24.166 billionUS$67.061 billion
Largest companies in New ZealandN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.3 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-0.2% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

29% (2007)

(Data released on December 2010)

Shares in world total merchandising export0.21%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.23%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$33.24 billion f.o.b. (2010 estimate)
Export commoditiesdairy products, meat, wood and wood products, fish, machinery
Total importsUS$31.11 billion (2008 estimate)
Import commoditiesmachinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
Exports - major partnersAustralia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6% (2007)
Imports - major partnersAustralia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%, Germany 4.7% (2007)
FDI inflows
200820092010
US$4,598 millionUS$-1,293 million(2009)US$561 million(2009)
FDI outflows
200820092010
US$462 millionUS$-308 millionUS$589 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$4,092 millionUS$-275 million(2009)US$5,037 million(2009)US$1,232 million
Cross-border M&A deals worth over $3 billion completed in 2008

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

N/A

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

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
(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 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 3 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 1 out of 183 countries(2009)

Registering property: 3 out of 183 countries

Paying Taxes: 26 out of 183 countries

Getting credit: 2 out of 183 countries

Protecting investors: 1 out of 183 countries

Trading across border: 28 out of 183 countries

Enforcing Contracts: 9 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)
25

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 4 Score: 82.3 (Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+12
Total area 270,467 km2 (2006)
CapitalWellington (2009)
CurrencyNew Zealand dollars (NZD) (2009)
Government typeparliamentary democracy and a Commonwealth realm (2009)
LanguagesEnglish (official), Maori (official), Sign Language (official)
ReligionsAnglican 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
1980199020002010*2015**
3.11 million3.41 million3.86 million4.37 million4.6 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
76%83.4%85.7%86.7%
Population median age36.0 years (2006)
Population growth rate1.1% (2009)
Life expectancy80 years (2007)
Adult literacyN/A
% of population living on less than $2 a dayN/A
Inequality of wealth distribution (Gini index)

36.2 (1997)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

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

Total telephone subscribers as % of population

157.73% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population83% (Data were released in 2011 and refer to 2010)
Cost of living 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)

7.8239 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:
  • COUNTRY WINNERS ANZ (National, 2012)

WORLD'S BEST DEVELOPED MARKET BANKS

2012:
  • Kiwibank (National, 2012)

WORLD'S BEST INTERNET BANKS

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 (2009)

WORLD'S SAFEST BANKS

2010:
  • REGIONAL WINNERS ASB Bank (Australasia, 2010)
  • OVERALL SAFEST ASB Bank (Global, 2010)
2009:
  • OVERALL SAFEST ASB Bank Limited (Global, 2009)

WORLD'S BEST SUB CUSTODIANS

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

CENTRAL BANKER REPORT CARD

2011:
2010:
2009:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:
  • COUNTRY WINNERS ANZ (National, 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