● Each country is a unique chapter in the BOOK OF HUMANITY, written in the sweat and blood of people whose PAGES will now remain forever ● 每个国家都是《人类之书》中独特的一章，由人们的汗水与鲜血写就，而他们的篇章如今将永世留存 ● Каждая страна — уникальная глава КНИГИ ЧЕЛОВЕЧЕСТВА, написанная потом и кровью людей, чьи СТРАНИЦЫ теперь будут оставаться навсегда ●

    New Zealand - Economy
    Flag
    How is the economy of New Zealand? Based on the information we have, New Zealand has a <p>high-income, globally integrated Pacific island economy; strong agriculture, manufacturing, and tourism sectors; reliant on Chinese market for exports; recovery trajectory following deep post-pandemic recession; challenges of fiscal deficits, below-average productivity, cost of living, and drop in net migration</p>. Key agricultural products in this country include: milk, beef, kiwifruit, apples, grapes, lamb/mutton, potatoes, wheat, barley, chicken (2023).
    More about the economy of New Zealand
    Labor force 3.124 million (2024 est.)
    Industrial production growth rate -1% (2023 est.)
    Industries agriculture, forestry, fishing, logs and wood articles, manufacturing, mining, construction, financial services, real estate services, tourism
    Population below poverty line N/A
    Taxes and other revenues 29.6% (of GDP) (2022 est.)
    Fiscal year N/A
    Exchange rates
    CurrencyNew Zealand dollars (NZD) per US dollar -
    Exchange rates 20241.652 (2024 est.)
    Exchange rates 20231.628 (2023 est.)
    Exchange rates 20221.577 (2022 est.)
    Exchange rates 20211.414 (2021 est.)
    Exchange rates 20201.542 (2020 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$22.065 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$15.487 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$14.4 billion (2022 est.)
    Current account balance
    Current account balance 2024-$15.978 billion (2024 est.)
    Current account balance 2023-$17.065 billion (2023 est.)
    Current account balance 2022-$21.627 billion (2022 est.)
    Public debt
    Public debt 202254% of GDP (2022 est.)
    Budget
    Revenues$83.167 billion (2022 est.)
    Expenditures$91.782 billion (2022 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20230.3% of GDP (2023 est.)
    Remittances 20220.2% of GDP (2022 est.)
    Remittances 20210.3% of GDP (2021 est.)
    Average household expenditures
    On food12.8% of household expenditures (2023 est.)
    On alcohol and tobacco4.7% of household expenditures (2023 est.)
    Imports
    Imports 2024$67.998 billion (2024 est.)
    Imports 2023$68.412 billion (2023 est.)
    Imports 2022$71.35 billion (2022 est.)
    Imports (partners)China 20%, Australia 11%, USA 9%, S. Korea 7%, Japan 7% (2023)
    Comodities Imports forcerefined petroleum, cars, gas turbines, broadcasting equipment, trucks (2023)
    Exports
    Exports 2024$61.799 billion (2024 est.)
    Exports 2023$59.029 billion (2023 est.)
    Exports 2022$57.485 billion (2022 est.)
    Exports (partners)China 28%, USA 12%, Australia 12%, Japan 6%, S. Korea 3% (2023)
    Comodities Exports forcemilk, wood, beef, butter, sheep and goat meat (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$257.117 billion (2024 est.)
    Real GDP (purchasing power parity) 2023$257.443 billion (2023 est.)
    Real GDP (purchasing power parity) 2022$253.903 billion (2022 est.)
    GDP (official exchange rate)$260.236 billion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$48,200 (2024 est.)
    Real GDP per capita 2023$49,100 (2023 est.)
    Real GDP per capita 2022$49,600 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture4.6% (2022 est.)
    Industry19.6% (2022 est.)
    Services67.4% (2022 est.)
    GDP - composition, by end use
    Household consumption57.5% (2022 est.)
    Government consumption20.9% (2022 est.)
    Investment in fixed capital25.4% (2022 est.)
    Investment in inventories0.9% (2022 est.)
    Exports of goods and services24% (2022 est.)
    Imports of goods and services-29.4% (2022 est.)
    Unemployment rate
    Unemployment rate 20244.9% (2024 est.)
    Unemployment rate 20233.8% (2023 est.)
    Unemployment rate 20223.3% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total14.3% (2024 est.)
    Male14.6% (2024 est.)
    Female14% (2024 est.)
    All Important Facts about New Zealand

    Want to know more about New Zealand? Check all different factbooks for New Zealand below.

    New Zealand is found in Australia and New Zealand