English, Maori, Samoan 2.2, Northern Chinese 2, Hindi 1.5, French 1.2, Yue 1.1, New Zealand Sign Language, other or not stated 17.2
Economic Overview
Key economic indicators for New Zealand
GDP:
$255.026 billion
GDP per Capita:
$48,800
GDP Growth:
0.73%
Inflation:
5.73%
Unemployment:
3.74%
Public Debt:
54.57% of GDP
Credit Rating:
AA (2011)
Political System
Governance structure of New Zealand
Government Type:
parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Head of State:
King CHARLES III (since 8 September 2022); represented by Governor-General Dame Cindy KIRO (since 21 October 2021)
Head of Government:
Prime Minister Christopher LUXON (since 27 November 2023)
Judiciary:
Supreme Court (consists of 5 justices, including the chief justice); note - the Supreme Court in 2004 replaced the Judicial Committee of the Privy Council (in London) as the final appeals court
Administrative Divisions:
16 regions and 1 territory*; Auckland, Bay of Plenty, Canterbury, Chatham Islands*, Gisborne, Hawke's Bay, Manawatu-Wanganui, Marlborough, Nelson, Northland, Otago, Southland, Taranaki, Tasman, Waikato, Wellington, West Coast
Major Political Parties
Not specified
International Relations
Global position and alliances
UN Member:
Yes
EU Member:
No
Diplomatic Presence:
37 Observatory Circle NW, Washington, DC 20008
Major Alliances and Organizations
OECD
Economic Sectors & Trade
Detailed economic breakdown
Major Economic Sectors
Agriculture
5.8% (2021 est.)
Industry
19% (2021 est.)
Services
67.1% (2021 est.)note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Trade Volume
Exports:
$59.029 billion
Imports:
$68.412 billion
Major Trading Partners
China 28
USA 12
Australia 12
Japan 6
S. Korea 3
Economic Outlook
New Zealand has a 0.73% GDP growth rate with 5.73% inflation. The economy is characterized by a strong agriculture sector.