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Economy of New Zealand

Population: 4.5 million in 20131

GDP: $186 billion in 20132

GDP per capita: $41,556 nominal3 ($34,826 PPP4) in 2013

GDP growth rate: 2.5% in 20135


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities7448.9%
Wholesale, retail trade, restaurants and hotels1812.2%
Transport, storage and communication127.8%
Mining and utilities95.8%
Agriculture, hunting, forestry, fishing96.0%
Total value added151100%


Unemployment rate: 6.2% in 20137

Employment by Industry 20138

Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles34115.1%
Human health and social work24310.7%
Agriculture, forestry and fishing1456.4%
Professional, scientific and technical1436.3%
Accommodation and food service1305.7%
Public administration and defence1104.9%
Transportation and storage1084.8%
Administrative and support service964.2%
Information and communication863.8%
Finance and insurance713.2%
Other service582.6%
Arts, entertainment and recreation421.9%
Real estate281.2%
Electricity, gas, steam and air conditioning110.5%
Not elsewhere classified90.4%
Water supply, sewerage and waste management70.3%
Mining and quarrying70.3%
Activities of households as employers20.1%
Total employment2,262100%


Top 10 Corporations by Revenue 20139



Household Wealth: $665 billion (358% of GDP) in 201410

Household Wealth per Adult: $204,401 in 201410

Gini Coefficient: .362 in 199711


Central Government

Central Government Revenue: $69 billion (37% of GDP) in 201312

Central Government Expenditure: $73 billion (39% of GDP) in 201312

Central Government Budget Balance: -$4 billion (-2% of GDP) in 201312

Central Government Public Debt: $60 billion (32% of GDP) in Jun 2014* 13

Central Government 10 Year Bond Interest Rate: 3.24% on Jan 28, 201514

* Public debt calculated using the exchange rate 1.36 New Zealand Dollars = 1 U.S. Dollar

Government Funds

New Zealand Superannuation Fund: $26 billion (14% of GDP) in 201415

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* 16

Corporate Tax Rate: 28% in 201417

* Individual thresholds calculated using the exchange rate 1.36 NZD = 1 USD

Monetary Policy

Money Supply (M1): $31 billion (17% of GDP) in Dec 2014* 18

Benchmark Interest Rate: OCR = 3.50% on Jan 28, 2015 19

Total Reserves: $16 billion (9% of GDP) in 201320

Exchange Rate: 1.36 New Zealand Dollars = 1 U.S. Dollar on Jan 28, 201521

Inflation: 1.3% in 201322

* Money supply calculated using the exchange rate 1.36 NZD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201323

N/A (data not available at Relbanks.com)

International Accounts

Exports: $38 billion (20% of GDP)24

Imports: $37 billion (20% of GDP)24

Trade Balance: +$1 billion (0% of GDP)24

Foreign Direct Investment Inflow: $1.0 billion (0.5% of GDP)25

Foreign Direct Investment Outflow: $0.7 billion (0.4% of GDP)25

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $0.5 billion (0.2% of GDP)26


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: New Zealand Parliament, Research Papers, Core Crown Debt (Public debt) Go back
14. Source: Bloomberg (Government bond yield) Go back
15. Source: ESADE Sovereign Wealth Funds (Government Funds) Go back
16. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
17. Source: Tax Foundation (Corporate tax rate) Go back
18. Source: Reserve Bank of New Zealand, Statistics, Monetary Aggregates (Money supply) Go back
19. Source: Reserve Bank of New Zealand (Benchmark interest rate) Go back
20. Source: World Bank Indicators (Total reserves) Go back
21. Source: Yahoo Finance (Exchange rate) Go back
22. Source: World Bank Indicators (Inflation rate) Go back
23. Source: Relbanks.com (Financial institutions by assets) Go back
24. Source: CIA World Factbook (Trade data) Go back
25. Source: FDI in Figures (FDI data) Go back
26. Source: OECD DAC flows at a glance (Aid data) Go back