Overview
Location: Oceana. Southeast of Australia in the South Pacific Ocean.
Land Size: 267,710 sq km
Population: 4,290,347
GDP per person: $27,700 (2010, in US dollars)
Economy
Over the past 20 years, New Zealand has developed from being dependant on Britain and agriculture to being industrialized and global. This has left a bigger income gap. GDP had been rising until 2007, where it started to fall. From 2008-2009 the country went into a recession. In 2010, there was a 2.1% growth.
Literacy Rate: 99%
Problems
Disputing territorial claims on Antarctica.
Strengths
It is a developed nation. As of 2010, New Zealand had the second-lowest personal tax burden in the OECD.
Weaknesses
There is a lower external demand for New Zealand's exports.
Future
The government plans to raise productivity growth and develop infrastructure, while reining in government spending.
http://www.youtube.com/watch?v=4Be5XYhkEnI
Overview
New Zealand is a fairly sensitive country, economy wise. Its economy is dependant on other countries' demand for its products, which are mainly agricultural. It is mainly dependant on Australia, United States, Japan, China, and the United Kingdom.
No comments:
Post a Comment