Labor force | 3.068 million (2023 est.) |
---|---|
Industrial production growth rate | -2.56% (2022 est.) |
Industries | agriculture, forestry, fishing, logs and wood articles, manufacturing, mining, construction, financial services, real estate services, tourism |
Population below poverty line | |
Taxes and other revenues | 29.93% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | New Zealand dollars (NZD) per US dollar - |
Exchange rates 2023 | 1.628 (2023 est.) |
Exchange rates 2022 | 1.577 (2022 est.) |
Exchange rates 2021 | 1.414 (2021 est.) |
Exchange rates 2020 | 1.542 (2020 est.) |
Exchange rates 2019 | 1.518 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $15.487 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $14.4 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $16.114 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | -$16.982 billion (2023 est.) |
Current account balance 2022 | -$21.627 billion (2022 est.) |
Current account balance 2021 | -$14.804 billion (2021 est.) |
Public debt | |
Public debt 2022 | 54.57% of GDP (2022 est.) |
Budget | |
Revenues | $83.157 billion (2022 est.) |
Expenditures | $88.64 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0.24% of GDP (2023 est.) |
Remittances 2022 | 0.23% of GDP (2022 est.) |
Remittances 2021 | 0.26% of GDP (2021 est.) |
Average household expenditures | |
On food | 12.5% of household expenditures (2022 est.) |
On alcohol and tobacco | 4.9% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $68.429 billion (2023 est.) |
Imports 2022 | $71.35 billion (2022 est.) |
Imports 2021 | $62.984 billion (2021 est.) |
Imports (partners) | China 21%, Australia 14%, US 8%, South Korea 7%, Singapore 6% (2022) |
Comodities Imports force | refined petroleum, cars, plastic products, garments, trucks (2022) |
Exports | |
Imports 2023 | $68.429 billion (2023 est.) |
Imports 2022 | $71.35 billion (2022 est.) |
Imports 2021 | $62.984 billion (2021 est.) |
Exports (partners) | China 28%, Australia 11%, US 11%, Japan 6%, South Korea 4% (2022) |
Comodities Exports force | milk, beef, wood, sheep and goat meat, butter (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $254.77 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $253.17 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $246.334 billion (2021 est.) |
GDP (official exchange rate) | $253.466 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $48,800 (2023 est.) |
Real GDP per capita 2022 | $49,500 (2022 est.) |
Real GDP per capita 2021 | $48,200 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 5.8% (2021 est.) |
Industry | 19% (2021 est.) |
Services | 67.1% (2021 est.) |
GDP - composition, by end use | |
Household consumption | 58.2% (2022 est.) |
Government consumption | 21.1% (2022 est.) |
Investment in fixed capital | 25.4% (2022 est.) |
Investment in inventories | 0.4% (2022 est.) |
Exports of goods and services | 24.4% (2022 est.) |
Imports of goods and services | -29.7% (2022 est.) |
Unemployment rate | |
Unemployment rate 2023 | 3.74% (2023 est.) |
Unemployment rate 2022 | 3.3% (2022 est.) |
Unemployment rate 2021 | 3.78% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 10.7% (2023 est.) |
Male | 10.9% (2023 est.) |
Female | 10.5% (2023 est.) |
Want to know more about New Zealand? Check all different factbooks for New Zealand below.