New Zealand
New Zealand is located on an island chain in the South Pacific just southeast of Australia. New Zealand is about the size of Colorado and covers an area of 268,680 sq. kilometers. The total population is 4.365 million and is growing at a rate of 0.85% with 86% living in urban areas. The capital of Wellington has a population of 450,000 with other main cities including Auckland (1.2 mil) and Christchurch (338,000). The people are governed by a parliamentary democracy and the primary language is English, with the native tongue, Maori, and New Zealand Sign language also being official languages. The currency used is the New Zealand Dollar.
New Zealand has incorporated economic reforms for the past 20 years that transitioned it from an economy that was once heavily dependent on help from Britain, to a now more powerful and stable free market economy. New Zealand’s main trade partners are Australia, the US, China, Japan, UK, Germany, and Singapore. Its primary imports are machinery and equipment, vehicles and aircraft, petroleum, electronics, plastics, and textiles. Exports include dairy products, meat, wood and wood products, fish, and machinery. New Zealand’s GDP (Purchasing Power Parity) is $134.2 billion and is growing at a real rate of 2.5% with an inflation rate of 1.1%. New Zealand ranked 3rd out of 185 countries in the World Bank Group’s Ease of Doing Business Ranking.
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Demographic Data |
Economic Data |
Cultural & Other Data |
|||
|
Area (sq. km.) |
268,680 |
GDP (PPP, $tn) |
134.2 |
Capital |
Wellington |
|
Population (million) |
4.365 |
GDP Real Growth (%) |
2.5 |
Other Large Cities |
Auckland, Christchurch |
|
Population Growth(%) |
0.85 |
per Cap GDP ($) |
30,200 |
Primary Language |
English |
|
PopulationUnder15yrs (%) |
20.1 |
Prime Lending Rate (%) |
5.82 |
Urbanization |
86 |
|
Population below poverty line (%) |
NA |
Inflation Rate% |
1.1 |
Urban Growth |
0.9 |
|
Agricultural Workers(% of population) |
7 |
Unemployment% |
6.9 |
Literacy (population %) |
99 |
|
Industrial Workers(% of population) |
19 |
Foreign Direct Investment ($bn) |
76.25 |
Education spending% of GDP |
7.2 |
|
Service Workers(% of population) |
74 |
Debt-External($bn) |
90.16 |
CPI Score(1-100)* |
90 |
|
Labor Force (mil) |
2.394 |
Exports ($bn) |
37.9 |
Corporate Income Tax % |
28 |
|
|
|
Imports ($bn) |
37.15 |
Ease of Doing Business Ranking ** |
3 |
Click the links below for articles with more information on Franchising in New Zealand
Massey University/Griffith University- Franchising in New Zealand(2017)
Interview about franchise law in New Zealand(2015)
Doing Business in New Zealand(2012)
Consider New Zealand Your Next Franchise Development Stop(2007)
Franchising Rides Waves of Economic Expansion in Asia and Pacific Rim(2007)
* CPI Scores published by Transparency International and relates to the perceptions of the degree of corruption as seen by business people and country analysts and ranges between 100 (highly clean) and 0 (highly corrupt).
**Ease of Doing Business Rankings determined by the World Bank Group and is ranked out of a possible 185 countries.www.doingbusiness.org
Most recent statistics have been taken from the CIA World Factbook unless noted otherwise.