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12 January – Mayor of Hamilton Paula Southgate announces that she would not be running for a third term during the 2025 New Zealand local elections. [14] 13 January: New Zealand and the United Arab Emirates sign a comprehensive economic partnership agreement, cutting tariffs on 98.5% of New Zealand exports to that country. [15]
New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. Among OECD nations, New Zealand has a highly efficient and strong social security system; social expenditure stood at roughly 19.4% of GDP. [24] [25] [26] Economy of New Zealand by sector and organisation type
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, ... New Zealand: 262,924: 2025: 253,466: 2023: 245,845: 2022
The Minister of Finance delivers the Budget statement, a speech in the House of Representatives with no time limit. In the Budget statement, the Minister may review the international economic outlook and the performance of the New Zealand economy, and outlines the Government's proposed economic and fiscal measures to deal with the assessed situation of the country.
The Minister for Economic Growth, previously the Minister for Economic Development, is a minister in the New Zealand Government with the responsibility of promoting development of New Zealand's economy, and is in charge of the Ministry of Business, Innovation and Employment. The position was established in 1999. The present minister is Nicola ...
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
Local Government New Zealand (LGNZ), the representative body for local and regional councils, gave a mixed response to the 2024 budget. While the body expressed disappointment with the Central Government's lack of commitment to sharing Goods and Services Tax on new building projects with local governments to cover the cost of growth. LGNZ ...
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.
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