New Zealand
New Zealand is the youngest country on earth - the last major landmass to be discovered. New Zealand is located in the southern Pacific Ocean, approximately 1,600 kilometres (995 miles) south-east of Australia.
New Zealand's economy is heavily dependent on overseas trade, mainly agricultural exports to UK and Asia. Besides agriculture and manufacturing, industries that have become increasingly significant in New Zealand include food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism and mining.
The dynamic economy growth has boosted real incomes, broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures.
Per capita income has risen for eight consecutive years and was more than $25,500 in 2006 in purchasing power parity terms. Consumer and government spending have driven growth in recent years, and exports picked up in 2006 after struggling for several years.
New Zealand's economy is heavily dependent on overseas trade, mainly agricultural exports to UK and Asia. Besides agriculture and manufacturing, industries that have become increasingly significant in New Zealand include food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism and mining.
The dynamic economy growth has boosted real incomes, broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures.
Per capita income has risen for eight consecutive years and was more than $25,500 in 2006 in purchasing power parity terms. Consumer and government spending have driven growth in recent years, and exports picked up in 2006 after struggling for several years.
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