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Indicators of economy in New Zealand

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.915 US Dollar per capita. In contrast, the GDP in New Zealand reached 41.441 US dollars per inhabitant, or 210.70 bn US Dollar in the whole country. New Zealand is therefore currently ranked 48 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then New Zealand is in the list of the world's richest countries in place 29.

Inflation in New Zealand was in 2021 at around 3.94%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 14.3% higher.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: New Zealand

Impact of the Covid-19 pandemic in 2020

Overall, the gross domestic product in New Zealand in 2020 decreased moderatly from 212.89 billion US Dollar to 210.70 billion US Dollar. Certainly, there have been shifts in some sectors of the economy, but a minus of 1.0% is still comparatively good this year. Numerous countries suffered more substantial losses. The unemployment rate rose from 4.1 to 4.6 percent. The consumer inflation rate has risen from 1.6% previously to 1.7% now.

Unemployment rates in percent 1991 - 2021

Economic performance 2020

 New Zealand
Total
New Zealand
per capita
EU
Total
EU
per capita
GDP210.70 bn USD41,441.47 USD15,291.93 tn USD29,692.11 USD
Gross national product211.25 bn USD41,549.09 USD15,330.84 tn USD29,767.66 USD


New Zealand ranked 25th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea.

Development of the Gross domestic product in billion US Dollar 1960 - 2020



Im- and Exports 2020

 New Zealand
Total
New Zealand
per capita
EU
Total
EU
per capita
Imports48.09 bn USD9,458.66 USD7,340.01 bn USD14,251.98 USD
Exports50.54 bn USD9,941.15 USD7,939.04 bn USD15,415.11 USD


Development of imports and exports in billion US dollars 2000 - 2020

Exports
Imports



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