Economic factors of New Zealand:

Population:
There is 4.8 million population in New Zealand.

GDP of New Zealand:

 $188.6 billion
 3.0% growth
 3.3% 5-year compound annual growth
 $38,934 per capita

Inflation (CPI):
There is 1.9% inflation in New Zealand.

Foreign direct investment inflow (FDI).

There is $ 3.6 billion FDI inflow in New Zealand.

Taxation:
In New Zealand taxes are collected by inland revenue department (IRD) on the behalf of
government of New Zealand. National taxes are collected on personal and business income and
supply of goods and services. Local property taxes are managed and collected by the local
authorities. There is no social security (payroll) tax or land tax in New Zealand.

Corruption:
New Zealand was ranked 1st on the transparency international corruption perceptions index (CPI)
2017.

Unemployment:
The unemployment rate in New Zealand is very low.in 1959 there was only 21 people
unemployed. After one year it was 22. A recession and collapse in wool prices in 1966 led to
unemployment rising by 131% but was still only a 0.7% increase in unemployment. Now New
Zealand the 14th lowest among developed nations, below Canada’s 7.2% and above Israel’s
6.7%. in September 2014 quarter, unemployment was 5.4%. Now there is 4.9% unemployment.

Government Size.
This factor includes the level of government expenditures as a percentage of GDP. Government
expenditures, including consumption and transfer, account for the entire score. The top income
tax rate is 33 percent, and the top corporate tax rate is 28 percent. Other taxes include goods and
services and environmental taxes. The overall tax burden equals 32.1 percent of total domestic
income. Over the past three years, government spending has amounted to 40.7 percent of the
country’s output (GDP), and budget surpluses have averaged 1.2 percent of GDP. Public debt is
equivalent to 26.4 percent of GDP.
 Government spending 50.4
 Tax burden 71.0
 Fiscal health 98.6

Rule of law:
Private property rights are strongly protected, and New Zealand ranks among the world’s top
countries for contract security. The judicial system is independent and functions well. New
Zealand ranked first out of 180 countries surveyed in transparency international’s 2017
corruption perception index. The country is renowned for its efforts to ensure a transparent,
competitive, and corruption-free government procurement system.
 Property Right 95.0
 Government integrity 96.7
 Judicial effectiveness 83.5
Trade freedom:
Trade freedom is a composite measure of the absence of tariff barriers that affect imports and
exports of goods and services. The trade freedom score is based on two inputs:
 The trade-weighted average tariff rate
 Non-tariff barriers
The combined value of exports and imports is equal to 51.3 percent of GDP. The average applied
tariff rate is 1.3 percent. As of June 20,2018, according to WTO, New Zealand had 242 nontariff
measures in force. Overall, openness to global trade and investment is firmly institutionalized.
Banking is well established and competitive.
 Trade freedom 92.4
 Investment freedom 80.0
 Financial freedom 80.0

https://www.heritage.org/index/country/newzealand

https://en.wikipedia.org/wiki/Economy_of_New_Zealand