New Zealand is considered a developed nation. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developed nation, New Zealand is able to provide its citizens with social services such as public education, health care and law enforcement. Citizens of developed countries enjoy a high standard of living and longer life expectancies than citizens of developing countries. Each year New Zealand exports about US$37.84 billion and imports about US$37.35 billion. 4.9% of the country's population is unemployed. The total number of unemployed in New Zealand is 232,730. In New Zealand, 12% of the population lives below the poverty line. The percentage of citizens living below the poverty line in New Zealand is low, indicating that there is a stable economy. Investors should consider New Zealand a safe haven for investment and other financial ventures. Government spending on education is 6.1% of GDP. The country's Gini index is 36.2. New Zealand experiences good equality. The majority of citizens in New Zealand fall within a narrow income bracket, although some cases can show significant differences. New Zealand has a Human Development Index (HDI) of 0.91. New Zealand has a very high HDI value. This suggests that almost all citizens are able to live a desirable life because of social and economic support; Citizens with a low standard of living receive help and support and have the opportunity to rise in society. The Global Peace Index (GPI) for New Zealand is 1.221. Due to the strong presence of the law enforcement authorities and the high level of social responsibility, New Zealand is very safe by international standards. The Index of Strength of Legal Rights for New Zealand is 12. Overall it is considered quite strong - bankruptcy and collateral laws can protect the rights of borrowers and lenders quite well; Credit information is plentiful and easily accessible.
The currency of New Zealand is the New Zealand Dollar. The plural form of the word New Zealand dollar is dollars. The symbol used for this currency is $ and is abbreviated as NZD. The New Zealand dollar is divided into cents; there are 100 in a dollar.
The New Zealand Credit Depth Index is 8, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to the rating agency S&P, New Zealand has a credit rating of AA and the prospects for this rating are stable. According to the rating agency Fitch, New Zealand has a credit rating of AA and the prospects for this rating are stable. According to the rating agency Moody's, New Zealand has a credit rating of Aaa and the prospects for this rating are stable.
In New Zealand, the institution that administers the state's currency, money supply and interest rates is called the Reserve Bank of New Zealand. The average interest rate on deposits offered by local banks in New Zealand is 4%.
New Zealand has a public debt of 36% of the country's gross domestic product (GDP) as estimated in 2012.
Corporate tax in New Zealand is 28%. Personal income tax ranges from 10.5% to 33% depending on your specific situation and income level. VAT in New Zealand is 15% and is known as goods and services tax.
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in New Zealand is US$160801 billion. The gross domestic product (GDP) per capita in New Zealand, calculated as purchasing power parity (PPP), was last at 34 million US dollars. PPP in New Zealand is considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in New Zealand is 189,025 billion. Based on this statistic, New Zealand is considered to be moderately strong economically. Middle economy countries support an average number of industries and investment opportunities.