page_title: Economy of New Zealand
section_title: Other indicators
hierarchical_section_title: Economy of New Zealand / Other indicators
caption_attribution_description: English: A Real Journeys bus at the Milford Sound visitor centre, New Zealand. The bus is specially constructed to improve the view through its glass roof.
context_page_description: The economy of New Zealand is a highly developed free-market economy. It is the 51st-largest national economy in the world when measured by nominal gross domestic product and the 67th-largest in the world when measured by purchasing power parity. New Zealand has a large GDP for its size and population. The country has one of the most globalised economies and depends greatly on international trade – mainly with Australia, the European Union, the United States, China, South Korea, Japan and Canada. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia.
  New Zealand's diverse economy has a sizable service sector, accounting for 63% of all GDP activity as of 2013. Large-scale manufacturing industries include aluminium production, food processing, metal fabrication, wood and paper products. Mining, manufacturing, electricity, gas, water, and waste services accounted for 16.5% of GDP as of 2013. The primary sector continues to dominate New Zealand's exports, despite accounting for only 6.5% of GDP as of 2013. The information technology sector is growing rapidly.
context_section_description: Industrial production growth rate: 5.9% (2004) / 1.5% (2007)
  Household income or consumption by percentage share:
  Lowest 10%: 0.3% (1991)
  Highest 10%: 29.8% (1991)
  Agriculture – products: wheat, barley, potatoes, pulses, fruits, vegetables; wool, beef, dairy products; fish
  Exports – commodities: dairy products, meat, wood and wood products, fish, machinery
  Imports – commodities: machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics
  Electricity:
  Electricity – consumption: 34.88 TWh (2001) / 37.39 TWh (2006)
  Electricity – production: 38.39 TWh (2004) / 42.06 TWh (2006)
  Electricity – exports: 0 kWh (2006)
  Electricity – imports: 0 kWh (2006)
  Electricity – production by source:
  Hydro: 60% (2020)
  Geothermal: 17% (2020)
  Wind: 5% (2020)
  Fossil Fuel: 17% (2020)
  Nuclear: 0% (2020)
  Other: 3.4% (2010)
  Oil:
  Oil – production: 42,160 barrels (6,703 m³) 2001 / 25,880 barrels (4,115 m³) 2006
  Oil – consumption: 132,700 barrels (21,100 m³) 2001 / 156,000 barrels (24,800 m³) 2006
  Oil – exports: 30,220 barrels (4,805 m³) 2001 / 15,720 barrels (2,499 m³) 2004
  Oil – imports: 119,700 barrels (19,030 m³) 2001 / 140,900 barrels (22,400 m³) 2004
  Oil – proven reserves: 89.62 million barrels (14,248,000 m³) January 2002
  Exchange rates:
  New Zealand dollars (NZ$) per US$1 – 1.4771 (2016), 1.2652 (2012), 1.3869 (2005), 1.5248 (2004), 1.9071 (2003), 2.1622 (2002), 2.3788 (2001), 2.2012 (2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997), 1.4543 (1996), 1.5235 (1995)
caption: Tourism, like here on the Milford Sound (special bus with viewing gallery), is a major export earner for New Zealand
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