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The average income of the poorest tenth increased by 13% from $9700 to $11,000. [140] Statistics New Zealand, which keeps track of income disparity using the P80/20 ratio, confirms the increase in income inequality. The ratio shows the difference between high household incomes (those in the 80th percentile) and low household incomes (those in ...
Between 1982 and 2011, New Zealand's gross domestic product grew by 35%. Almost half of that increase went to a small group who were already the richest in the country. During this period, the average income of the top 10% of earners in New Zealand (those earning more than $72,000) [1] almost doubled going from $56,300 to $100,200. The average ...
New Zealand went through a major program of tax reform in the 1980s. The top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and back to 39% in April 2021) and corporate income tax rate from 48% to 28% (changed to 30% in 2008 and to 28% on 1 October 2010).
Budget 2024 is the New Zealand budget for fiscal year 2024/25 presented to the House of Representatives by Minister of Finance, Nicola Willis, on 30 May 2024 as the first budget presented by the Sixth National Government, [1] [2] ignoring the mini-budget they presented in December 2023.
The average wage is a measure of total income after taxes divided by total number of employees employed. ... New Zealand * 38,311 46,744 54,196 55,974
In 2023, the estimated average GDP per capita ... (not just income), ... 2021 New Zealand * 52,983: 2024: 54,110: 2023:
Almost half of that increase went to a small group who were already the richest in the country. During this period, the average income of the top 10% of earners in New Zealand (those earning more than $72,000) [1] almost doubled going from $56,300 to $100,200. The average income of the poorest tenth increased by only 13% from $9,700 to $11,000. [2]
Median weekly household income in New Zealand fell slightly or stagnated from 2009 to 2010 during the "great recession" period. In June 2009 it was $1,234 [ 7 ] and June 2010 it was $1,236. [ 8 ] In 2011 household incomes recovered to beyond the high of 2008 again – median weekly household incomes increased again to $1,289.