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New Zealand's economy has dipped into recession as higher interest rates take their toll, new figures released Thursday show. Gross domestic product fell by 0.1% in the March quarter, following a ...
The southernmost settlement in New Zealand is Oban, on Stewart Island, although there is a meteorological station on Campbell Island, though this is no longer permanently staffed since 1995. The southernmost town in New Zealand with a population over 1000 is Bluff. New Zealand's southernmost city is Invercargill - also its westernmost city.
Since 1960s New Zealand has pursued free trade agreements with many countries to diversify its export markets and increase the competitiveness of New Zealand's exports to the world. [169] As well as reducing barriers to trade, Trade Agreements New Zealand has entered into are designed to ensure existing access is maintained.
Today, New Zealand enjoys particularly close relations with the United States and is one of its major non-NATO allies, [217] as well as with Australia, with a "Trans-Tasman" identity between citizens of the latter being common. [218] New Zealand is a member of the Five Eyes intelligence sharing agreement, known formally as the UKUSA Agreement.
New Zealand's central bank raised its benchmark interest rate again Wednesday to 5.5% but signaled its next move would be a cut, sparking a sell-off in the currency. Wednesday's quarter-point rate ...
New Zealand is the sixth-largest island country in the world, with a land size of 268,680 km 2 (103,740 sq mi). [3] New Zealand's landscapes range from the fiord-like sounds of the southwest to the sandy beaches of the subtropical Far North.
A true-colour image of the South Island, after a powerful winter storm swept across New Zealand on 12 June 2006 Lake Ōhau Aoraki / Mount Cook is the tallest mountain in New Zealand. The South Island , with an area of 150,437 km 2 (58,084 sq mi), [ 1 ] is the largest landmass of New Zealand; it contains about one-quarter of the New Zealand ...
Tourism in New Zealand comprised an important sector of the national economy – tourism directly contributed NZ$16.2 billion (or 5.8%) of the country's GDP in the year ended March 2019. [2] As of 2016 tourism supported 188,000 full-time-equivalent jobs (nearly 7.5% of New Zealand's workforce). The flow-on effects of tourism indirectly ...
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