Who is New Zealand’s biggest trading partner?
ChinaNew Zealand and China are close trading partners.
China is New Zealand’s largest trading partner, with two-way trade (exports and imports of goods and services) exceeding NZ$33 billion..
Is New Zealand a poor country?
Fact 1: There is poverty in the midst of prosperity in Aotearoa New Zealand. There is poverty amidst prosperity: There are around 682,500 people in poverty in this country or one in seven households, including around 220,000 children.
What is New Zealand’s biggest industry?
The biggest industries in New Zealand include the Agricultural and horticulture sector, mining, and fishing industries.Agriculture. The agricultural sector is the largest industry in the country. … Horticulture. … Forestry. … Mining. … Fishing. … New Zealand’s Economy Today.
What is NZ biggest export earner?
Tourism was New Zealand’s biggest export industry, contributing 20.1% of total exports. Tourism generated a direct annual contribution to GDP of $16.4 billion, or 5.5%, and a further indirect contribution of $11.3 billion, another 3.8% of New Zealand’s total GDP.
What are the top 3 exports?
These are the top US exportsTop U.S. goods exports.Food, beverage and feed: $133 billion. … Crude oil, fuel and other petroleum products: $109 billion. … Civilian aircraft and aircraft engines: $99 billion. … Auto parts, engines and car tires: $86 billion. … Industrial machines: $57 billion.Passenger cars: $53 billion. … Pharmaceuticals: $51 billion.More items…•
Is New Zealand’s economy good?
New Zealand’s economic freedom score is 84.1, making its economy the 3rd freest in the 2020 Index. Its overall score has decreased by 0.3 point, with small declines in scores for property rights, judicial effectiveness, and government integrity slightly offsetting an improved government spending score.
What are New Zealands main exports?
Top 10Dairy, eggs, honey: US$10.7 billion (27.9% of total exports)Meat: $5.3 billion (13.9%)Wood: $3.3 billion (8.7%)Fruits, nuts: $2.2 billion (5.9%)Cereal/milk preparations: $1.5 billion (3.9%)Beverages, spirits, vinegar: $1.4 billion (3.7%)Fish: $1.2 billion (3.2%)Machinery including computers: $1 billion (2.6%)More items…•
Is NZ a rich country?
“New Zealand is the world’s fifth richest country as measured by per adult wealth. Only Switzerland, Hong Kong, US and Australia rank higher. New Zealand’s wealth is also reasonably evenly distributed, with median wealth also being the fifth highest in the world.
How much is NZ in debt?
Economy of New ZealandStatisticsCurrent account−$5.471 billion (2017 est.)Gross external debtNZ$156.181 billion (53% of GDP) (December 2018) NZ$86.342 billion (30.5% of GDP) (Feb 2018)Public financesPublic debt31.7% of GDP (2017 est.)36 more rows