The NZX 50 added 46.36 points or 0.44% to 10695.59 on Friday, rising for a fifth straight session as the country prepares to alleviate level three lockdown and move to level two next week. Prime Minister Jacinda Adern said it was a big leap from level 3 and she would take the lead from director general of health Ashley Bloomfield. "It is a large step from where we are now, so when it comes the time to move we want to move with confidence. If the advice is to move in a phased way because level 2 taken all at once has too many risks, I would rather take that advice and move out slowly." For the week, the NZX 50 gained 2.4%. Historically, the New Zealand Stock Market (NZX 50) reached an all time high of 12107.45 in February of 2020. The NZX 50 is a headline stock market index which tracks the performance of 50 largest and most liquid companies by free float market capitalization, listed on the New Zealand Exchange. It is a total return, modified market capitalization weighted index. The NZX 50 Index has a base value of 1880.85 (NZX 40 Index closing level on previous day) as of December 29, 2000. .
Terrorism Index in New Zealand decreased to 0.14 in 2018 from 0.29 in 2017. Terrorism Index in New Zealand averaged 0.30 from 2002 until 2018, reaching an all time high of 1.19 in 2014 and a record low of 0 in 2013. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).
Asylum Applications in New Zealand increased to 32 Persons in October from 22 Persons in September of 2018. Asylum Applications in New Zealand averaged 39.51 Persons from 2000 until 2018, reaching an all time high of 208 Persons in July of 2000 and a record low of 0 Persons in January of 2016. In New Zealand, asylum applications refer to persons whose application is pending at any stage in the asylum process. It is a monthly estimate based on annual figures. This page provides - New Zealand Asylum Applications- actual values, historical data, forecast, chart, statistics, economic calendar and news.
New Zealand is ranked 1 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of New Zealand remained unchanged at 1 in 2019 from 1 in 2018. Ease of Doing Business in New Zealand averaged 1.92 from 2008 until 2019, reaching an all time high of 3 in 2010 and a record low of 1 in 2015. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in New Zealand.
The total population in New Zealand was estimated at 5.0 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, New Zealand had a population of 2.4 million people. The population of New Zealand represents 0.06 percent of the world´s total population which arguably means that one person in every 1585 people on the planet is a resident of New Zealand. This page provides - New Zealand Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Gross Domestic Product (GDP) in New Zealand expanded 0.50 percent in the fourth quarter of 2019 over the previous quarter. GDP Growth Rate in New Zealand averaged 0.64 percent from 1987 until 2019, reaching an all time high of 2.80 percent in the third quarter of 1999 and a record low of -2.40 percent in the first quarter of 1991. New Zealand has an advanced market economy, highly dependent on international trade. The country is closely link with Australia, which is the biggest importer of “kiwi” products, supplier and investor. New Zealand’s most developed industries are focused on tourism and exports of agricultural products and are the main source of growth. Services are the biggest sector of the economy and account for 75 percent of total GDP including: finance, insurance and business services (30 percent); personal and community services (13 percent), and transport and communication (11 percent). Industry accounts for 17 percent of GDP with manufacturing constituting 13 percent and construction 4 percent. Agriculture, fishing, forestry and mining accounts for the remaining 8 percent. This page provides - New Zealand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP Deflator in New Zealand increased to 1230 points in the fourth quarter of 2019 from 1219 points in the third quarter of 2019. GDP Deflator in New Zealand averaged 890.37 points from 1987 until 2019, reaching an all time high of 1230 points in the fourth quarter of 2019 and a record low of 590 points in the second quarter of 1987. This page provides - New Zealand GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Consumer Credit in New Zealand increased to 248163 NZD Million in January from 246877 NZD Million in December of 2016. Consumer Credit in New Zealand averaged 115683.21 NZD Million from 1990 until 2017, reaching an all time high of 248163 NZD Million in January of 2017 and a record low of 21498 NZD Million in December of 1990. This page provides - New Zealand Consumer Credit- actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP From Public Administration in New Zealand increased to 2897 NZD Million in the fourth quarter of 2019 from 2818 NZD Million in the third quarter of 2019. GDP From Public Administration in New Zealand averaged 1792.50 NZD Million from 1987 until 2019, reaching an all time high of 2897 NZD Million in the fourth quarter of 2019 and a record low of 1312 NZD Million in the second quarter of 1998. This page provides - New Zealand Gdp From Public Administration and Safety- actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP From Manufacturing in New Zealand decreased to 6122 NZD Million in the fourth quarter of 2019 from 6129 NZD Million in the third quarter of 2019. GDP From Manufacturing in New Zealand averaged 5255.52 NZD Million from 1987 until 2019, reaching an all time high of 6212 NZD Million in the third quarter of 2005 and a record low of 3920 NZD Million in the second quarter of 1991. This page provides - New Zealand Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.
New Zealand recorded a capital and financial account surplus of 1065 NZD Million in the fourth quarter of 2019. Capital Flows in New Zealand averaged 1624.96 NZD Million from 2000 until 2019, reaching an all time high of 7263 NZD Million in the third quarter of 2016 and a record low of -3332 NZD Million in the first quarter of 2009. In New Zealand, international capital flows are measured using the Capital and Financial Account Balance of the Balance of Payments. This page provides - New Zealand Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP From Construction in New Zealand increased to 4105 NZD Million in the fourth quarter of 2019 from 4099 NZD Million in the third quarter of 2019. GDP From Construction in New Zealand averaged 2290.15 NZD Million from 1987 until 2019, reaching an all time high of 4118 NZD Million in the first quarter of 2019 and a record low of 1108 NZD Million in the third quarter of 1992. This page provides - New Zealand Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Personal Income Tax Rate in New Zealand stands at 33 percent. Personal Income Tax Rate in New Zealand averaged 35.21 percent from 2004 until 2020, reaching an all time high of 39 percent in 2005 and a record low of 33 percent in 2011. In New Zealand, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of New Zealand. This page provides - New Zealand Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP From Services in New Zealand increased to 42880 NZD Million in the fourth quarter of 2019 from 42620 NZD Million in the third quarter of 2019. GDP From Services in New Zealand averaged 27407.57 NZD Million from 1987 until 2019, reaching an all time high of 42880 NZD Million in the fourth quarter of 2019 and a record low of 16763 NZD Million in the second quarter of 1987. This page provides - New Zealand Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.
The Social Security Rate For Employees in New Zealand stands at 8 percent. Social Security Rate For Employees in New Zealand averaged 6.40 percent from 2004 until 2018, reaching an all time high of 8 percent in 2007 and a record low of 0 percent in 2005. In New Zealand, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of New Zealand because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - New Zealand Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP Constant Prices in New Zealand increased to 64399 NZD Million in the fourth quarter of 2019 from 64299 NZD Million in the third quarter of 2019. GDP Constant Prices in New Zealand averaged 42212.50 NZD Million from 1987 until 2019, reaching an all time high of 64399 NZD Million in the fourth quarter of 2019 and a record low of 26743 NZD Million in the first quarter of 1988. This page provides - New Zealand GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
New Zealand scored 76.75 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in New Zealand averaged 21.75 Points from 2007 until 2019, reaching an all time high of 78.09 Points in 2017 and a record low of 4.91 Points in 2011. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - New Zealand Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
Terms of Trade in New Zealand increased to 1498 points in the fourth quarter of 2019 from 1460 points in the third quarter of 2019. Terms of Trade in New Zealand averaged 1075 points from 1957 until 2019, reaching an all time high of 1498 points in the fourth quarter of 2019 and a record low of 796 points in the fourth quarter of 1975. In New Zealand, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - New Zealand Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Home Ownership Rate in New Zealand decreased to 64.80 percent in 2013 from 66.90 percent in 2006. Home Ownership Rate in New Zealand averaged 68.80 percent from 1991 until 2013, reaching an all time high of 73.80 percent in 1991 and a record low of 64.80 percent in 2013. Home Ownership Rate in New Zealand is reported by the Statistics New Zealand. This page provides the latest reported value for - New Zealand Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
GDP From Utilities in New Zealand increased to 1729 NZD Million in the fourth quarter of 2019 from 1714 NZD Million in the third quarter of 2019. GDP From Utilities in New Zealand averaged 1384.78 NZD Million from 1987 until 2019, reaching an all time high of 1729 NZD Million in the fourth quarter of 2019 and a record low of 1040 NZD Million in the third quarter of 1992. This page provides - New Zealand Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.
GDP From Mining in New Zealand increased to 774 NZD Million in the fourth quarter of 2019 from 755 NZD Million in the third quarter of 2019. GDP From Mining in New Zealand averaged 708.59 NZD Million from 1987 until 2019, reaching an all time high of 1187 NZD Million in the fourth quarter of 2007 and a record low of 437 NZD Million in the fourth quarter of 1988. This page provides - New Zealand Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Export Prices in New Zealand increased to 1268 points in the fourth quarter of 2019 from 1231 points in the third quarter of 2019. Export Prices in New Zealand averaged 580.08 points from 1950 until 2019, reaching an all time high of 1269 points in the fourth quarter of 2008 and a record low of 85.30 points in the first quarter of 1950. In New Zealand, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates. This page provides - New Zealand Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Import Prices in New Zealand increased to 846 points in the fourth quarter of 2019 from 844 points in the third quarter of 2019. Import Prices in New Zealand averaged 537.77 points from 1950 until 2019, reaching an all time high of 1128 points in the fourth quarter of 2000 and a record low of 70.43 points in the first quarter of 1950. In New Zealand, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides - New Zealand Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.
New Zealand 10Y Bond Yield was 0.60 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the New Zealand Government Bond 10Y reached an all time high of 19.20 in May of 1985. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
GDP From Transport in New Zealand increased to 2804 NZD Million in the fourth quarter of 2019 from 2763 NZD Million in the third quarter of 2019. GDP From Transport in New Zealand averaged 1816.66 NZD Million from 1987 until 2019, reaching an all time high of 2822 NZD Million in the second quarter of 2019 and a record low of 941 NZD Million in the second quarter of 1987. This page provides - New Zealand Gdp From Transport, Postal, and Warehousing- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Industrial Production in New Zealand increased 1.50 percent in the fourth quarter of 2019 over the same quarter in the previous year. Industrial Production in New Zealand averaged 1.47 percent from 1995 until 2019, reaching an all time high of 17.60 percent in the second quarter of 1995 and a record low of -10.50 percent in the second quarter of 2009. In New Zealand, manufacturing sales refer to the year-on-year change in the volume of sales in the manufacturing sector of the economy. The survey includes 13 industries: meat and dairy product; seafood processing; fruit, oil, cereal, and other food; beverages and tobacco; textile, leather, clothing, and footwear; wood and paper products; printing; petroleum and coal product; chemical, polymer, and rubber products; non-metallic mineral products; metal products; transport equipment, machinery, and equipment; and furniture. This page provides - New Zealand Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.
New Zealand ranks highly on most indicators of well-being, but incomes are below the OECD average due to low labour productivity.
New Zealand enjoyed strong economic growth during 2016, driven by high net inward migration, solid construction activity, booming tourism and supportive monetary policy, although in per capita terms growth has been more in line with that in other advanced economies.
New Zealand has experienced robust economic growth since 2012, buoyed by record levels of inward migration and strong terms of trade. Employment has expanded vigorously, reversing much of the increase in unemployment since the onset of the global financial crisis.
The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.
New Zealand generally performs well in terms of economic and social inclusion. It has high employment rates, and education and health-care systems work well for most.
The New Zealand economy has performed well in recent years, but bottlenecks in housing and urban infrastructure, inequalities in living standards and rising environmental pressures all pose challenges for sustaining robust growth and high levels of well-being over the long term, according to the OECD’s latest Economic Survey of New Zealand.
New Zealand must significantly increase its efforts to detect, investigate and prosecute foreign bribery. Since joining the Convention over 12 years ago, New Zealand has not prosecuted any cases of foreign bribery and only four allegations have surfaced to date. Outdated perceptions that New Zealand individuals and companies do not bribe may have also undermined detection efforts.
Weapons Sales in New Zealand increased to 6 USD Million in 2018 from 4 USD Million in 2017. Weapons Sales in New Zealand averaged 8.05 USD Million from 1967 until 2018, reaching an all time high of 75 USD Million in 2012 and a record low of 1 USD Million in 1968. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.
New Zealand's tax-to-GDP ratio was 32.0% in 2017, below the OECD average (34.2%) by 2.2 percentage points, and above the LAC and Africa (21)* averages (22.8% and 18.2%, respectively).
New Zealand’s economy has stabilised, with solid growth supporting well-being through jobs and incomes. Ongoing implementation of the government’s new well-being approach to policymaking will offer further opportunities to create a more sustainable and inclusive economy for all New Zealanders, according to a new report from the OECD.
New Zealand has carried out major health and welfare reforms over the past decade but needs to do more to help people with mental health issues stay in work or find a job, according to a new OECD report.
These graphs offer a brief summary of the commodity trade situation in the country.
While New Zealand is a comparatively small donor, it boasts an internationally-recognised aid programme with specific understanding of the unique Pacific context. It is seen as a flexible and predictable humanitarian donor.
Biographical note of New Zealand's Permanent Representative to the OECD.
New Zealand has experienced robust economic growth since 2012, buoyed by record levels of inward migration and strong terms of trade. Employment has expanded vigorously, reversing much of the increase in unemployment since the onset of the global financial crisis.
The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.
New Zealand should extend access to income support and introduce a longer minimum notice period for all workers to help disadvantaged laid-off workers find a new job and maintain their job quality and living standards, according to a new OECD report.
New Zealanders enjoy a high environmental quality of life and access to pristine wilderness. However, New Zealand’s growth model, based largely on exploiting natural resources, is starting to show its environmental limits with increasing greenhouse gas emissions and water pollution, according to a new OECD report.
New Zealand is a valued development partner for its small island neighbours, delivering aid effectively and using its experience of natural disasters to help manage risks in the region. It complements its development assistance by using liberal trade and employment systems to support poor countries, according to the OECD’s latest Peer Review of New Zealand.
The New Zealand economy has performed well in recent years, but bottlenecks in housing and urban infrastructure, inequalities in living standards and rising environmental pressures all pose challenges for sustaining robust growth and high levels of well-being over the long term, according to the OECD’s latest Economic Survey of New Zealand.
New Zealand, is one of the OECD countries with large and longstanding labour migration. The report finds that by and large, the New Zealand labour migration system is functioning well. Several features of the NZ immigration system, such as the Expression of Interest system, are gradually about to become an example for selection systems elsewhere in the OECD.
New Zealand must significantly increase its efforts to detect, investigate and prosecute foreign bribery. Since joining the Convention over 12 years ago, New Zealand has not prosecuted any cases of foreign bribery and only four allegations have surfaced to date. Outdated perceptions that New Zealand individuals and companies do not bribe may have also undermined detection efforts.
New Zealand's Inland Revenue Department has set out the range of supports available to businesses in response to the impact of COVID-19.
New Zealand has enacted The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill to support businesses and individuals cope with the COVID-19 outbreak.