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While most New Zealanders live in New Zealand, there is also a significant diaspora abroad, estimated as of 2001 at over 460,000 or 14 percent of the international total of New Zealand-born. Of these, 360,000, over three-quarters of the New Zealand-born population residing outside of New Zealand, live in Australia.
These countries/regions could appear in this list as having a small GDP. This would be because the country/region listed has a small population, and therefore small total economy; the GDP is calculated as the population times market value of the goods and services produced per person in the country. [4]
The economy of New Zealand is a highly developed free-market economy. [23] It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP).
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
New Zealand has an advanced market economy, [236] ranked 16th in the 2022 Human Development Index, [237] and fourth in the 2022 Index of Economic Freedom. [238] It is a high-income economy with a nominal gross domestic product (GDP) per capita of US$ 36,254. [ 239 ]
Statistics New Zealand (Māori: Tatauranga Aotearoa), branded as Stats NZ, is the public service department of New Zealand charged with the collection of statistics related to the economy, population and society of New Zealand.
The Human Development Index (HDI) is a summary index assessing countries on 3 dimensions, health, education and standard of living using life expectancy at birth, expected years of schooling for children and mean years of schooling for adults, and GNI PPP per capita. The final HDI is a value between 0 and 1 with countries grouped into four ...
Economic Freedom – 4th freest, at 80.6 on Index of Economic Freedom (2022), and 3rd, at 8.28 on Economic Freedom of the World index Fragile States Index, 172/177, being one of the few "sustainable" states in the world. [6] World Intellectual Property Organization: Global Innovation Index 2024, ranked 25 out of 133 countries [7]