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Country summary

Capital

Wellington

Borders

(N/A)

Government type

parliamentary democracy and a Commonwealth realm

Population

4,213,418 (July 2010 est.)[1]

Population growth

0.935% (2010 est.)[1]

Life expectancy

80.36 years[1]

Unemployment

6.2% (2009 est.)[1]

Index of Economic Freedom

4[2]

Corruption Perceptions Index

1[3]

Doing Business ranking

2[4]


The Polynesian Maori reached New Zealand in about A.D. 800. In 1840, their chieftains entered into a compact with Britain, the Treaty of Waitangi, in which they ceded sovereignty to Queen Victoria while retaining territorial rights. In that same year, the British began the first organized colonial settlement. A series of land wars between 1843 and 1872 ended with the defeat of the native peoples. The British colony of New Zealand became an independent dominion in 1907 and supported the UK militarily in both World Wars. New Zealand's full participation in a number of defense alliances lapsed by the 1980s. In recent years, the government has sought to address longstanding Maori grievances.[1]

Economical characteristicsEdit

  • Currency: New Zealand dollar (ISO code: NZD)
  • Central bank discount rate: 2.5% (31 December 2009)[1]
  • Commercial banks lending rate: 10.39% (31 December 2009 )[1]
  • Stock of money (M1): $20.17 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $81.01 billion (31 December 2008)[1]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (USD)
Govt. debt (% of GDP)
Govt. revenue (% of GDP)[5] 34.161 34.488 35.577 35.626 37.341 38.438 37.110
Govt. expenses (% of GDP)
Debt to revenue (years)

ReferencesEdit

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "New Zealand", from The World Facebook. Referenced 2010-10-05.
  2. Heritage Foundation. "New Zealand", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  3. Transparency International. "New Zealand", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-10-05.
  4. Doing Business. "New Zealand", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-10-05.
  5. World Bank. "New Zealand: government revenue", from World Bank Data. Referenced 2010-10-05.

External linksEdit

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