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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).
In 1982 New Zealand had the lowest per-capita income of all the developed nations surveyed by the World Bank. [119] In 2010 the estimated gross domestic product (GDP) at purchasing power parity (PPP) per capita was roughly US$28,250, between the thirty-first and fifty-first highest for all countries.
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
2022 data (2023-2024 report) rankings; Very high human development: 1 Australia: 0.946 2 New Zealand: 0.939 High human development: 3 Palau: 0.797 4 Tonga: 0.739 5 Marshall Islands: 0.731 6 Fiji: 0.729 7 Samoa: 0.702 Medium human development: 8 Nauru: 0.698 9 Tuvalu: 0.653 10 Micronesia: 0.634 11 Kiribati: 0.628 12 Vanuatu: 0.607 13 Papua New ...
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 ...
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]
Crossing the Macauley River, Lilybank Station, Canterbury, New Zealand, 1977. The gross domestic product (GDP) of the Canterbury region was estimated at NZ$44.2 billion in the year to March 2022, representing 12.4% of New Zealand's national GDP. The regional GDP per filled job was $126,733, 4.6% below the national average of $132,815.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.