Data at glance of New Zealand - average on period

variable 1980-1989 1990-1999 2000-2007 2008-2009 2010-2019 2022 2023 2024 2025 2026
real gdp growth 1.91 3.07 3.21 0.3 2.61 2.2 -0.3 0.2 2.1 2.4
CPI % 10.77 1.77 2.77 2.2 1.51 5.7 2.9 2.8 3.1 2.3
Unemployment rate 5.51 8.02 4.36 6.05 5.22 3.8 4.8 5.3 5.4 5.0
Debt/GDP % 60.1 43.21 22.04 26.95 34.1 47.3 51.4 54.7 56.7 57.8
Current account balance/GDP % -4.79 -3.76 -4.86 -2.25 -2.9 -6.3 -4.7 -3.7 -4.0 -3.8

Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here

History

Polynesians settled New Zealand between the late 1200s and the mid-1300s. They called the land Aotearoa, which legend holds is the name of the canoe that Kupe, the first Polynesian in New Zealand, used to sail to the country; the name Aotearoa is now in widespread use as the local Maori name for the country. By the 1500s, competition for land and resources led to intermittent fighting between different Maori tribes as large game became extinct. Dutch explorer Abel TASMAN was the first European to see the islands in 1642 but left after an encounter with local Maori. British sea captain James COOK arrived in 1769, followed by whalers, sealers, and traders. The UK only nominally claimed New Zealand and included it as part of New South Wales in Australia. Concerns about increasing lawlessness led the UK to appoint its first British Resident in New Zealand in 1832, although the position had few legal powers. In 1835, some Maori tribes from the North Island declared independence. Fearing an impending French settlement and takeover, the majority of Maori chiefs signed the Treaty of Waitangi with the British in 1840. Land tenure issues stemming from the treaty are still being actively negotiated in New Zealand. The UK declared New Zealand a separate colony in 1841 and granted limited self-government in 1852. Different traditions of authority and land use led to a series of wars between Europeans and various Maori tribes from the 1840s to the 1870s. Along with disease, these conflicts halved the Maori population. In the 1890s, New Zealand initially expressed interest in joining independence talks with Australia but ultimately opted against it and changed its status to an independent dominion in 1907. New Zealand provided more than 100,000 troops during each World War, many of whom fought as part of the Australia and New Zealand Army Corps (ANZAC). New Zealand reaffirmed its independence in 1947 and signed the Australia, New Zealand, and US (ANZUS) Treaty in 1951. Beginning in 1984, New Zealand began to adopt nuclear-free policies, contributing to a dispute with the US over naval ship visits that led the US to suspend its defense obligations to New Zealand in 1986, but bilateral relations and military ties have been revitalized since the 2010s with new security agreements. A key challenge for Auckland that has emerged over the past decade is balancing concerns over China’s growing influence in the Pacific region with its role as New Zealand's largest export destination. New Zealand has close ties with Australia based to a large extent on the two nations’ common origins as British colonies and their shared military history.

Environment

Area: 268,838 sq km km2

Climate: temperate with sharp regional contrasts

Natural resources: natural gas, iron ore, sand, coal, timber, hydropower, gold, limestone

Ethnic characteristics

Groups: European 64.1%, Maori 16.5%, Chinese 4.9%, Indian 4.7%, Samoan 3.9%, Tongan 1.8%, Cook Islands Maori 1.7%, English 1.5%, Filipino 1.5%, New Zealander 1%, other 13.7% (2018 est.)

Languages:

Religions: Christian 37.3% (Catholic 10.1%, Anglican 6.8%, Presbyterian and Congregational 5.2%, Pentecostal 1.8%, Methodist 1.6%, Church of Jesus Christ 1.2%, other 10.7%), Hindu 2.7%, Maori 1.3%, Muslim, 1.3%, Buddhist 1.1%, other religion 1.6% (includes Judaism, Spiritualism and New Age religions, Baha'i, Asian religions other than Buddhism), no religion 48.6%, objected to answering 6.7% (2018 est.)

Government

Capital: Wellington

Government type: parliamentary democracy under a constitutional monarchy; a Commonwealth realm

Executive branch

Chief of state: King CHARLES III (since 8 September 2022); represented by Governor-General Dame Cindy KIRO (since 21 October 2021)

Head of government: Prime Minister Christopher LUXON (since 27 November 2023)

Legislative branch

Description: House of Representatives - unicameral

Economic Overview

high-income, globally integrated Pacific island economy; strong agriculture, manufacturing, and tourism sectors; reliant on Chinese market for exports; recovery trajectory following deep post-pandemic recession; challenges of fiscal deficits, below-average productivity, cost of living, and drop in net migration

Industries

agriculture, forestry, fishing, logs and wood articles, manufacturing, mining, construction, financial services, real estate services, tourism

GDP by sector: Agriculture: 4.6% (2022 est.), Industry: 19.6% (2022 est.), Services: 67.4% (2022 est.)

Trade

Export partners: China 28%, USA 12%, Australia 12%, Japan 6%, S. Korea 3% (2023)

Export commodities: milk, wood, beef, butter, sheep and goat meat (2023)

Import partners: China 20%, Australia 11%, USA 9%, S. Korea 7%, Japan 7% (2023)

Import commodities: refined petroleum, cars, gas turbines, broadcasting equipment, trucks (2023)

Geography

Oceania, islands in the South Pacific Ocean, southeast of Australia

Defence

Military expenditure: 2024: 1.2% of GDP (2024 est.)

Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.