New Zealand: Economy
|
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 |
|
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. |
|
Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): 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) | $266,283,400,535 (2022) |
| GDP Growth Rate (annual %) | 2.157% (2022) |
| GDP Per Capita, PPP (current international) | $51,967 (2022) |
GDP Country Rank 63/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 7.172% (2022) |
| External debt stocks, total (DOD, current US$) | 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) | 9.473% (2020) |
| Current Account Balance (BoP, current US$) | ($21,262,133,274) (2022) |
Labor and Employment [1]
| Labor Force, Total | 2,955,087 (2022) |
| Employment in Agriculture (% of total employment) | 6.056% (2021) |
| Employment in Industry (% of total employment) | 20.012% (2021) |
| Employment in Services (% of total employment) | 73.932% (2021) |
| Unemployment Rate | 3.253% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $66,568,114,302 (2021) |
| Exports of goods and services (current US$) | $56,609,138,492 (2021) |
| Total Merchandise Trade (% of GDP) | 40.41% (2022) |
| FDI, net inflows (BoP, current US$) | $7,828,092,281 (2022) |
| Commercial Service Exports (current US$) | $11,109,095,663 (2022) |
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.