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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).
Waterfront along Auckland CBD, a major hub of economic activity. 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]
Map of New Zealand. The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea.
New Zealand has entered its second recession in 18 months after the latest round of GDP figures confirmed its economy contracted in the last quarter of 2023. The country's economy shrank by 0.1% ...
New Zealand's economy has struggled in recent years, with a recession and rising unemployment in 2024. New Zealand's government announced Sunday that it would be making changes to its so-called ...
New Zealand’s major parties have promised voters cost-of-living relief if they win Saturday’s general election, but there is one major obstacle – a central bank that says borrowing costs ...
New Zealand's exclusive economic zone (EEZ) covers at least 4,083,744 square kilometres (1,576,742 sq mi), [1] [2] which is approximately 15 times the land area of the country. Sources vary significantly on the size of New Zealand's EEZ; for example, a recent government publication gave the area as roughly 4,300,000 km 2. [3]
New Zealand’s economy is expected to remain sluggish for another two years, although the overall picture is rosier than many observers had feared, new figures released Tuesday indicate. The ...