New Zealand: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developed |
| Economic Trivia | Dairy farming is New Zealand's largest export earner, accounting for 21% of exports. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2019): China, Australia, and United States |
| Top Industries Source: CIA World Factbook | Food Processing; Wood and Paper Products; Textiles; Machinery |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $237,788,575,265 (2021) |
| GDP Growth Rate (annual %) | 4.647% (2021) |
| GDP Per Capita, PPP (current international) | $46,420 (2021) |
GDP Country Rank 65/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.941% (2021) |
| External debt stocks, total (DOD, current US$) | Data unavailable |
| Total tax rate (% of commercial profits) | 34.6% (2019) |
| Real Interest Rate (5 year average %) | -1.878% (2018) |
| Manufacturing, value added (% of GDP) | 9.83% (2019) |
| Current Account Balance (BoP, current US$) | ($14,214,488,166) (2021) |
Labor and Employment [1]
| Labor Force, Total | 2,896,738 (2021) |
| Employment in Agriculture (% of total employment) | 5.55% (2020) |
| Employment in Industry (% of total employment) | 19.397% (2020) |
| Employment in Services (% of total employment) | 75.053% (2020) |
| Unemployment Rate | 4.124% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $47,227,785,373 (2020) |
| Exports of goods and services (current US$) | $46,404,210,822 (2020) |
| Total Merchandise Trade (% of GDP) | 37.733% (2021) |
| FDI, net inflows (BoP, current US$) | $4,057,542,348 (2020) |
| Commercial Service Exports (current US$) | $9,699,115,861 (2021) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, New Zealand’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.