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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).
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
For example, in "Connecting the Clouds – the Internet in New Zealand", author Keith Newman cites agency statistics regarding telecommunications cost decreases (the Stats NZ report said "New Zealand average residential phone call pricing plummeted 50% between 1987 and 1993") and national finances (the Stats NZ report said "The current account ...
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 ]
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]
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).