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    New Zealand Index 2006

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    New Zealand Economy - 2006
    http://www.theodora.com/wfbcurrent/new_zealand/new_zealand_economy.html
    SOURCE: 2006 CIA WORLD FACTBOOK

      Economy - overview:
      Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes (but left behind many at the bottom of the ladder), broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures. Per capita income has risen for six consecutive years and was more than $24,000 in 2005 in purchasing power parity terms. New Zealand is heavily dependent on trade - particularly in agricultural products - to drive growth. Exports are equal to about 22% of GDP. Thus far the economy has been resilient, and the Labor Government promises that expenditures on health, education, and pensions will increase proportionately to output.

      GDP (purchasing power parity):
      $97.59 billion (2005 est.)

      GDP (official exchange rate):
      $97.53 billion (2005 est.)

      GDP - real growth rate:
      2.5% (2005 est.)

      GDP - per capita (PPP):
      $24,200 (2005 est.)

      GDP - composition by sector:
      agriculture: 4.7%
      industry: 27.8%
      services: 67.6% (2005 est.)

      Labor force:
      2.13 million (2005 est.)

      Labor force - by occupation:
      agriculture: 10%
      industry: 25%
      services: 65% (1995)

      Unemployment rate:
      4% (2005 est.)

      Population below poverty line:
      NA%

      Household income or consumption by percentage share:
      lowest 10%: 0.3%
      highest 10%: 29.8% (1991 est.)

      Distribution of family income - Gini index:
      36.2 (1997)

      Inflation rate (consumer prices):
      3% (2005 est.)

      Investment (gross fixed):
      23.6% of GDP (2005 est.)

      Budget:
      revenues: $43.1 billion
      expenditures: $37.57 billion; including capital expenditures of $NA (2005 est.)

      Public debt:
      21.4% of GDP (2005 est.)

      Agriculture - products:
      wheat, barley, potatoes, pulses, fruits, vegetables; wool, beef, lamb and mutton, dairy products; fish

      Industries:
      food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism, mining

      Industrial production growth rate:
      0.8% (2005 est.)

      Electricity - production:
      39.82 billion kWh (2003)

      Electricity - consumption:
      37.03 billion kWh (2003)

      Electricity - exports:
      0 kWh (2003)

      Electricity - imports:
      0 kWh (2003)

      Oil - production:
      31,740 bbl/day (2003 est.)

      Oil - consumption:
      151,900 bbl/day (2003 est.)

      Oil - exports:
      30,220 bbl/day (2001)

      Oil - imports:
      119,700 bbl/day (2001)

      Oil - proved reserves:
      89.62 million bbl (1 January 2002)

      Natural gas - production:
      4.773 billion cu m (2003 est.)

      Natural gas - consumption:
      4.773 billion cu m (2003 est.)

      Natural gas - exports:
      0 cu m (2001 est.)

      Natural gas - imports:
      0 cu m (2001 est.)

      Natural gas - proved reserves:
      37.38 billion cu m (1 January 2002)

      Current account balance:
      -$8.137 billion (2005 est.)

      Exports:
      $22.21 billion (2005 est.)

      Exports - commodities:
      dairy products, meat, wood and wood products, fish, machinery

      Exports - partners:
      Australia 20.9%, US 14.4%, Japan 11.2%, China 5.7%, UK 4.7% (2004)

      Imports:
      $24.57 billion (2005 est.)

      Imports - commodities:
      machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics

      Imports - partners:
      Australia 22.4%, US 11.3%, Japan 11.2%, China 9.7%, Germany 5.2% (2004)

      Reserves of foreign exchange and gold:
      $5.498 billion (2005 est.)

      Debt - external:
      $57.67 billion (2005 est.)

      Economic aid - donor:
      ODA, $99.7 million

      Currency (code):
      New Zealand dollar (NZD)

      Exchange rates:
      New Zealand dollars per US dollar - 1.4203 (2005), 1.5087 (2004), 1.7221 (2003), 2.1622 (2002), 2.3788 (2001)

      Fiscal year:
      1 July - 30 June


      NOTE: The information regarding New Zealand on this page is re-published from the 2006 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of New Zealand Economy 2006 information contained here. All suggestions for corrections of any errors about New Zealand Economy 2006 should be addressed to the CIA.

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    http://www.theodora.com/wfbcurrent/new_zealand/new_zealand_economy.html

    Revised 06-Jun-06
    Copyright © 2006 Photius Coutsoukis (all rights reserved)


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