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Economy of New Zealand

One New Zealand Dollar coin
CountryNew Zealand
Width150
CaptionOne New Zealand Dollar coin
Currency1 New Zealand Dollar (NZD$)=100 cents
Year1 April � 31 March
OrgansAPEC, WTO and OECD
Rank60th
GdpUSD$135.723 billion (2010 est.)
Growth-1.3% (2009 est.)
Per Capita$31,067 (2010 est.)
Gini36.2 (1997)
Sectorsagriculture (4.5%), industry (25.8%), services (69.7%) (2009 est.)
Inflation1.8% (2009 est.)
Povertyn/a
Labor2.29 million (2009 est.)
Occupationsagriculture (7%), industry (19%), services (74%) (2006 est.)
Unemployment6.6 % (1st quarter)
IndustriesFood processing, textiles, machinery and transportation equipment, finance, tourism (to NZ), mining (in NZ)
Edbr3rd
Exports$26.25 billion (2009 est.)
Export-goodsdairy products, meat, wood and wood products, fish, machinery
Export-partnersAustralia (23.2%), United States (10.1%), Japan (8.4%), China (5.9%) (2008)
Imports$24.29 billion (2009 est.)
Import-goodsmachinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
Import-partnersAustralia (18.1%), China (13.2%), United States (9.5%), Japan (8.3%), Singapore (4.7%), Malaysia (4.4%), Germany (4.3%) (2008)
Debt29.3% of GDP (2009 est.)
Revenue$46.54 billion (2009 est.)
Expenses$53.56 billion (2009 est.)
ReservesUS$20.626 billion (March 2011)
Credit*Standard & Poor's:
AAA (Domestic)
AA+ (Foreign)
AAA (T&C Assessment)
Outlook: Negative *Moody's:
Aaa
Outlook: Stable *Fitch:
AA+
Outlook: Negative
Aiddonor: $99.7 million (FY99/00)
Cianamenz

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New Zealand has a market economy which is greatly dependent on international trade, mainly with Australia, the European Union, the United States, China, and Japan. It has only small manufacturing and high-tech sectors, being strongly focused on tourism and primary industries like agriculture. Economic free-market reforms of the last decades have removed many barriers to foreign investment, and the World Bank in 2005 praised New Zealand as being the most business-friendly country in the world, before Singapore.


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