About New Zealand...
New Zealand has a modern, prosperous and developed market economy with an estimated gross domestic product (GDP) at purchasing power parity (PPP) per capita of roughly US$28,250. The New Zealand dollar, informally known as the "Kiwi dollar", is the currency of New Zealand. It also circulates in the Cook Islands (see Cook Islands dollar), Niue, Tokelau, and the Pitcairn Islands. New Zealand was ranked the 3rd "most developed" country in 2010 according to the United Nations Development Programme's Human Development Index, 4th in the 2011 Index of Economic Freedom published by The Heritage Foundation. Historically, extractive industries have contributed strongly to New Zealand's economy, focussing at different times on sealing, whaling, flax, gold, kauri gum, and native timber. Unemployment peaked above 10 percent in 1991 and 1992, following the 1987 share market crash, but eventually fell a record low of 3.4 percent in 2007 (ranking fifth from twenty-seven comparable OECD nations). The global financial crisis that followed however had a major impact on New Zealand with the GDP shrinking for five consecutive quarters, the longest recession in over thirty years, and unemployment rising back to 7 percent in late 2009.
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| Exports To New Zealand Facts |
| Location: |
Oceania |
| Coordinates: |
41 00 S, 174 00 E |
| Int. Dialing Code: |
00 64 |
| Currency: |
New Zealand dollars |
| Language: |
English (official) 91.2% |
| Area: |
267,710 sq km |
| Capital City: |
Wellington |
| Population: |
4,290,347 (July 2011 est.) |
| Population Ranking: |
126 |
| Employment: |
93.5% |
| Inflation: |
2.6% (2010 est.) |
| GDP: |
$117.8 billion (2010 est.) |
| GDP Ranking: |
63 |
| GDP Growth: |
1.5% (2010 est.) |
| Internet Users: |
3.4 million (2009) |
| Television Stations: |
Multiple |
| Phone Lines: |
1.87 million (2009) |
| Mobile Phones: |
4.7 million (2009) |
| Major Industry: |
food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism, mining |
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