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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 ...
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.
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 ...
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.
NZ Automotive Investments ( NZSE:NZA ) First Half 2023 Results Key Financial Results Revenue: NZ$40.2m (up 30% from 1H... NZ Automotive Investments First Half 2023 Earnings: EPS: NZ$0.01 (vs NZ$0. ...
The OECD (Organization for Economic Co-operation and Development) dataset contains data on average annual wages for full-time and full-year equivalent employees in the total economy. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of ...
The life expectancy of a New Zealand child born in 2021-23 was 83.7 years for females, and 80.3 years for males, [2] which is among the highest in the world. Life expectancy at birth is forecast to increase from 80 years to 85 years in 2050 and infant mortality is expected to decline. [27]