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Tomescu VioricaThe Economy of the New Zealand

New Zealands economic freedom score is 82.1, making its economy the 3rd freest in the 2015 Index. Its score is up by 0.9 point, with improvements in the management of government spending, monetary freedom, and labor freedom outweighing declines in freedom from corruption, fiscal freedom, and business freedom. New Zealand is ranked 3rd out of 42 countries in the AsiaPacific region and 3rd in the world.New Zealands economic development over the past few decades has been built on principles of market openness and free trade. Reforms in the 1980s opened the economy to imports, reduced the size of government, and lowered the tax burden. These changes, enhanced in recent decades, have solidified the economys ranking among the worlds freest, with a high standard of living and low rates of poverty.New Zealands prosperity rests on its well-established rule of law. The economy is the least corrupt in the world, and property rights, including intellectual property, are strongly protected. Entrepreneurs generally find regulations efficient, and the labor market is efficient in allocating labor. Despite having one of the worlds most open financial sectors, New Zealand banks avoided the worst effects of the global financial crisis.I. General overview of the economyEndowment with different resources like :

GDP

GDP PER CAPITA

GDP growth rate

GDP - composition by sector- Value added as % of GDP of agriculture, industry, services in 2013

Inflation Rate.

Unemployment rate. Total,% of labour force, 2014

External debt data through 2012 in USD $: 85,180,000,000Currency :NZD StatsName:New Zealand DollarSymbol:$ Cent:c

R&D spending

Source: doingbusiness.orgDoing business easiness world rankingNew Zealand 2-TH New Zealand Strengths:

Getting Credit( 1st world rankings)Starting a businessProtecting Minority InvestorsWeaknesses:

Getting ElectricityPaying TaxesTrading Across BordersResolving Insolvency

Membership in Intern. Org.United Nations (UN);World Trade Organization(WTO);World Bank;International MonetaryFund(IMF);Organisation for Economic Co-operation and Development(OECD);International Energy Agency;Asian Development Bank;Pacific Islands Forum;Secretariat of the Pacific Community;Colombo Plan;Asia-Pacific Economic Cooperation(APEC); and theInternational Whaling Commission. New Zealand also is an active member of theCommonwealth. Population......................................................................4,401,916(July 2014 est.)Population growth rate.............................................................0.83% (2014est.)Birth rate.....................................................13.4births/1,000 population (2014est.)Death rate................................................7.3 deaths/1,000 population (2014est.)Net migration rate...............................2.23 migrant(s)/1,000 population (2014est.)

II. Description of the population and country participation in international migration

Composition of population by age

Life expectancy

99%

99% . Age 15 and over can read and write (2014 est).

Commonwealth of Nations One of the highest HDIs andVery high human developmentAustralia0.9332New Zealand0.9103

Imports in New Zealand decreased to 4234.88 NZD Million in November of 2014 from 4905 NZD Million in October of 2014.Balance of Trade: -925.00 in 2014

Exports in New Zealand increased to 4021.46 NZD Million in November of 2014 from 3994 NZD Million in October of 2014.

III. Country participation in international trade

High-tech exports (% of manufactured exports)

Exports of services rise $603 millionNew Zealand exported $16.9 billion of services in the year ended June 2014, up $603 million from 2013. The increase was mainly driven by overseas visitors spending more in New Zealand.The largest fall was in personal, cultural, and recreational services, down $181 million to $477 million.Travel and transportation services, valued at $12.1 billion for the year ended June 2014, accounted for 72 percent of total service exports.

FDI Inflow in 2014: FDI Outflow: 2010: 0.3, 2011: 1.5 $986.5 million 2012: -0.3

IV. Country participation in international capital flows

Open market index: 4.1 FDI Stock(million USD)In 2010: 69,983In 2011: 73,64In 2012: 81,429FDI Stock(in % of GDP)In 2010: 48.9In 2011: 45.2In 2012: 47.5The Main partner of a country :Leading export/import market :AustraliaFDI performanceIn 2010 : 140In 2011 : 146

Potential indexIn 2011 : 71Activity of TNC having the headquarters in New Zealand

TPPA a multinational corporate tool for undermining environmental protection lawThe TPPA is not a trade deal. It is not about imports and exports its about regulations and control. Its framework is designed to allow corporations to compromise the way we manage our natural resources, our health care, intellectual property. Its tentacles reach into every aspect of their lives to service the shareholders bottom line.

1. New Zealand is the fastest country in the world to start a business: just one day. 3. No part of thecountryis more than 128km (79 miles) from the sea.5.Wellingtonis the southernmost capital city in the world.6. Only 5% of NZs population is human- the rest areanimals.7. NZ is the least corrupt nation in the world (tied with Denmark), according to theCorruptions Perception Index.8. New Zealand is second only to the USA for the number of McDonalds Restaurants per head of population.10. New Zealand is home to the worlds smallest dolphinspecies.11. There are no landsnakes, native or introduced, in NZ.According to the most recent numbers from SPARC and the NZRU, the most popular sports in New Zealand, measured by club memberships, are as follows: Rugby Union: 136,059 Golf: 132,063 Netball: 123,069 Soccer: 105,000 Cricket 102,759

V. Interesting facts about the country13. In 2008, TripAdvisor named Milford Sound (pictured below) the worlds top travel destination, based on an internationalsurvey.

14. Organised commercialbungeejumping first began in New Zealand.16. The lowest denomination in NZcurrencyis the 10 cent piece.17. More people die in New Zealand each year playing lawn bowls thanscuba diving.18. NZ is home to more species of penguins than any othercountry.19. In 1893, New Zealand became the first country to give women the right tovote.20.Aucklandis one of the most affordable cities in the world to live in.21. One in three Auckland households own aboat.23. In 2013, NZlegalisedsame-sex marriage.25. New Zealand is home to thegiant weta, the heaviest insect in the world. It is heavier than a sparrow and looks like a giant cockroach.26.Baldwin Street, in Dunedin, is the worlds steepest street. The road has a gradient of 1 in 2.86 at its steepest section, a 38 per cent grade.

27. 15% of NZs population areMori.28. New Zealand is similar insizeto the UK, but only has a population of about 4 million (compared to 63 million in the UK).29. About one third of thecountryis protected national park.30. NZ was voted the worlds bestcountryin 2007 and 2008 by Wanderlust magazine.32. There are only two countries in the world wheredrug companiesare permitted to advertise to the public: New Zealand and USA.34. More people live inAucklandthan in the whole of the South Island.35. The logo for the Royal New Zealand Air Force is akiwi- a flightless bird.39. Two NZ rescue dogs were taught to drive a car around a track, in order to prove the intelligence of shelteranimals.For each person who lives here, New Zealand produces 100 kg of butter and 65 kg of cheese each year.

Blue Lake, in Nelson Lakes National Park, has the clearest water in theworld.

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