Talk:Economy of New Zealand

message: It's widely believed regardless of politics, that NZ was radically reformed to a free market economy it a very very short period of time and there were teething problems with this. There have been several academic articles citing NZ in this regard....—Preceding unsigned comment added by 203.109.254.40 (talk • contribs) 13 February 2004
:Could you cite any??  Taifarious1   04:05, 17 March 2009 (UTC)
replies: text: A starting point would be the references in Rogernomics.-gadfium 07:42, 17 March 2009 (UTC)
thread_title:  Reformed to a free market economy 

message: New Zealand's PPP GDP is now at US$92bn not US$78bn. Article needs updating.
:The article definitely needs a rewrite/update. I'm not an expert at all (just a high school student looking up some last minute information for exams!) but even I can see that.
:"New Zealand has a very small current account deficit of 8-9% of GDP."
:"The large current account deficit, which stood at more than 6.5% of GDP in 2000, has been a constant source of concern for New Zealand policymakers and has now hit 9% to date as of March 2006."
:Is it large or small? And what is it now?
:I might work on it after I finish exams, but if someone else knows more about this, it'd be great if they could step in... Simulato (talk) 08:01, 25 November 2007 (UTC)
replies: text: I've asked the editor who recently changed this part of the article to reply to your question, and in the meantime restored the article to its previous state for consistency.-gadfium 08:49, 25 November 2007 (UTC)

text: added some more context information. Ingolfson (talk) 10:34, 6 December 2007 (UTC)
thread_title:  GDP 

message: There were major economic reforms between 1984 and 1991.  But the major reforms started in 1985 and were mostly done by 1991 when the Employment Contracts Act came in.
This article lumps New Zealand's impressive economic growth from 1999-2007 in as the second paragraph of the section on the reforms that took place 1984-1991.  Even if you think there's a causal link (and we could argue about that), they are not part of the same thing!     —Preceding unsigned comment added by 222.154.239.116 (talk) 02:04, August 30, 2007 (UTC) 
:Can you provide any sources regarding your assertions? New Zealand, to my knowledge, and along with Hong Kong and Singapore is a free market success story. You shouldn't only look at income but income relative to prices so as to determine the true standard of living. Considering inflation was high prior to the reforms, it would make sense wages would correspondingly be higher.
:I agree with those who say this article reeks of POV issues.  Since the 90's the New Zealand economy has been completely hollowed out.  Only a shell now remains of New Zealand's former prosperity.  Although not mentioned much, New Zealand has been completely devastated by the economic crisis.  WjtWeston (talk) 00:06, 19 March 2011 (UTC)
replies: text: The "growth" 1990-2007 was actually the upside of an economic bubble.  WjtWeston (talk) 00:09, 19 March 2011 (UTC)
thread_title:  "Impressive Growth in the 21st Century" isn't part of "Economic Reforms of the 1980s"

message: Can anyone tell me the level of income inequality in New Zealand compared to other developed nations, including the United States?  216.174.165.54 20:31, 13 November 2007 (UTC)
replies: text: Look at List of countries by income equality.-gadfium 01:02, 14 November 2007 (UTC)
thread_title: Inequality

message: Although NZ doesn't have an official poverty line (only a few countries don't), much work has been done to quantify relative poverty (starting from Kelsey), and the past year countless articles and initiatives surrounding child poverty.  Adding in a timelime of poverty index for the past 30 years would IMO add greatly to the credibility of this article.  Are any of the academic research groups ready to release their findings?  — Preceding unsigned comment added by 125.237.198.23 (talk) 23:37, 1 July 2013 (UTC)
thread_title: Poverty

message: Shouldn't there be some mention of the economies of other nations that are heavily dependent on New Zealand, particularly Pacific Island Nations like Tonga, Niue, Samoa, Tokelau, Solomon Islands etc. for trade and development aid and what-not, because from what I've seen this article focuses mainly on the foreign trade that NZ relies on.  Taifarious1   01:09, 8 June 2008 (UTC)
replies: text: Short answer: Yes, there should. Feel free! Ingolfson (talk) 07:32, 16 March 2009 (UTC)
thread_title:  Dependent Economies 

message: I trimmed the following referenced sentences from the New Zealand article. They could slot in here, or be returned there if deemed important enough. AIRcorn (talk) 06:17, 22 January 2011 (UTC)
thread_title:  From "New Zealand" article

message: Will take India off of NZ main trading partner in first sentence. India doesn't appear anywhere near the list by volume - 2005:
Australia	
China	
Germany	
Indonesia	
Italy	
Japan	
South Korea
Malaysia	
Singapore	
Taiwan	
Thailand	
UK	
United States	
Source
http://en.wikipedia.org/wiki/Foreign_relations_of_New_Zealand  — Preceding unsigned comment added by 99.225.28.6 (talk) 03:48, 3 September 2011 (UTC)
thread_title:  Will take India off of list 

message: This is weird:
Household income or consumption by percentage share:
*Lowest 10%: 0.3% (1991)
*Highest 10%: 29.8% (1991)
Tony (talk)  08:43, 2 August 2013 (UTC)
thread_title:  Data from 22 years ago? 

message: The stats for GDP make-up are flat-out wrong, and uncited. Judging by the claim that agriculture is 4.7% of GDP, my guess is the initial editor misread this reporthttp://www.marketwatch.com/story/new-zealand-growth-slows-slightly-in-q2-2012-09-19 and mistook a 4.7% *increase* in agriculture's contribution to GDP as agriculture contributing 4.7% to GDP.
In the absence of better stats, I've removed the section entirely; someone who can find correct figures is welcome to add it in.  — Preceding unsigned comment added by Behemoth01 (talk • contribs) 09:21, 20 October 2014 (UTC)
thread_title: GDP make-up

message: The claim that China is New Zealand's "largest trading partner" in 2013 is uncited and appears to be incorrect according to Statistics New Zealand. --LJ Holden 03:38, 3 December 2014 (UTC)
thread_title:  Largest trading partners 

message: I'm slowly working my way through the article - there's a lot of stuff that is repeated, especially the "Profile" section which is largely a repeat of the History section. Unless anyone objects I will integrate what is currently in the Profile section with the History section. --LJ Holden 10:35, 8 December 2014 (UTC)
thread_title:  Profile section 

message: There is a lot of information being repeated on this article, making it lengthy. A recent edit expanded one of the sub-sections on New Zealand's economic history to add articles relating to inequality, which has its own section. I don't think its helpful to repeat this information in multiple places -as I've found a lot of the references are being doubled (in one case tripled) up, making the article even longer. --LJ Holden 02:10, 16 December 2014 (UTC)
replies: text: Also, there's the Social class in New Zealand article where this material could go. --LJ Holden 08:56, 16 December 2014 (UTC)
replies: text: Ok, so how do we fix it then? --LJ Holden 02:53, 8 January 2015 (UTC)
thread_title:  Inequality information repeat 

message: :Reading this article came across as a quite politically motivated article including a lot of hyperbole and rhetoric. Introduces several (mainly social) one-sided issues supposedly supported by certain studies. I am proposing removing or severely editing large amounts of this article so it includes only indisputable facts and that are actually directly related to the Economy of New Zealand. The history is OK and seems factual on the most part. There is nothing on sectors but heaps on trading partners. There is nothing on currency. There are effectively two overviews. Many of the 'other indicators' have little direct relevance. So much detail on certain political/social items and so little detail on actual economic measures. I will refrain from making wholesale changes for a couple of months to allow comments 219.89.221.108 (talk) 10:26, 19 May 2015 (UTC)
replies: text: Happy to take contributions. I've tried to get this article back on topic as much as possible, and keep the statistics up to date as possible. --LJ Holden 22:47, 19 May 2015 (UTC)

text: I agree with original poster (219.89.221.108). People have clearly put a lot of work into this page, but it seems more political rhetoric than fact. Perhaps another country's page as a base (e.g. the UK page) and the equivalent statistics located for NZ? Please do make the wholesale changes that you proposed. Some of the parts that jump out are:
* "However, the generally positive outlook includes some challenges. New Zealand income levels, which used to be above those of many other countries in Western Europe prior to the crisis of the 1970s, have dropped in relative terms and never recovered. As a result, the number of New Zealanders living in poverty has grown and income inequality has increased dramatically." - no citation. --KwikWikiKiwi (talk) 21:50, 3 June 2015 (UTC)
replies: text:  I agree. The section is largely politically biased and misleading e.g. the statement "marked increases in violent and other crime were observed;" has a cite to a paper that actually shows overall crime decreased from 1992 to 2000. Cadae (talk) 10:27, 1 July 2015 (UTC)

text: Hi, thanks for adding this, but please remember to sign your comments. I think the points made above are valid, I think the uncited claims should be the first to go, unless they can be cited. I suggested adding the  tags to them first so that other editors may add citations as required. I found though that in a number of cases citations had been made that did not actually verify the statements in the article, so we do need to check the citations. Also, a number of news media articles are cited where academic publications should be used, and the language reflects this. --LJ Holden 21:22, 3 June 2015 (UTC)
replies: text: Thanks. I signed in the beginning of the block, but have now done each point. --KwikWikiKiwi (talk) 21:50, 3 June 2015 (UTC)
replies: text: Thanks also from me for raising this KwikWikiKiwi. I've stripped the 'corruption' section back - this appears to have been POV pushing by the now-blocked (and defacto banned) editor Offender9000. I suspect that some of the other material you note above was also from him. Nick-D (talk) 09:00, 4 June 2015 (UTC)
thread_title:  Complete revamp required to keep on topic 

message: Hello everyone, I am working for the International Trade Centre (ITC), a UN/WTO agency that aims to promote sustainable economic development through trade promotion. I would like to propose the addition of an external link (http://www.macmap.org/QuickSearch/FindTariff/FindTariff.aspx?subsite=open_access&country=554&source=1|ITC) that leads directly to our online database of customs tariffs applied by New Zealand. Visitors can easily look up market access information for New Zealand by selecting the product and partner of their interest. I would like you to consider this link under the WP:ELYES #3 prescriptions. Moreover, the reliability and the pertinence of this link can be supported by the following facts 
1) ITC is part of the United Nations, and aims to share trade and market access data on by country and product as a global public good
2) No registration is required to access this information
3) Market access data (Tariffs and non-tariff measures) are regularly updated
Thank you,
Divoc (talk) 11:24, 23 December 2015 (UTC)
replies: text: I see the site is already linked to at tariff and about a dozen related articles. It is also linked to by several dozen "Economy of <country>" articles, added by yourself. I think adding links to this site to articles on the economies of individual countries appears to be overkill.-gadfium 00:08, 24 December 2015 (UTC)
thread_title: External link to tariff data

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thread_title:  External links modified 

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thread_title:  External links modified 

message: Under the Unemployment section, it says ″there is he official number of people unemployed in 1959 was only 21. A year later it was 22.″ This is unclear - is it that the total number of unemployed people in New ZEaland rose by one? Or is this a percentage?  — Preceding unsigned comment added by 122.57.203.226 (talk) 04:05, 20 March 2019 (UTC)
replies: text: These are supposed to be numbers not percentages, but the reference given for the figures does not contain unemployment numbers for these years, and although New Zealand had very low unemployment in that era, sources I could find in a quick online search suggest they were not as low as our article states. For example, the 1966 Encyclopaedia of New Zealand gives 1,656 unemployed in July 1959, and the 1959 New Zealand Yearbook says "The numbers of applications for unemployment benefits dealt with during the years ended 31 March 1957 and 1958 were 949 and 1,415 respectively", with lower numbers actually granted benefits. Clearly there is something seriously amiss in the figures this article is presenting. On the other hand, there is "At one point in the 1950s there was a joke that the Prime Minister knew the name of every unemployed person in New Zealand."-gadfium 08:12, 20 March 2019 (UTC)
thread_title: Unemployment

message: Are the infobox figures US$ or NZ$? Please specify on the page.  Nixinova   T   C   23:56, 17 October 2021 (UTC)
replies: text: Done - they're IMF figures in USD so have added that. --LJ Holden 02:39, 18 October 2021 (UTC)
thread_title:  US$ or NZ$