Agriculture, value added (% of GDP) Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Labor force: 2.562 million Today, New Zealand’s national economy is the 53rd-largest in the world by national GDP. New Zealand is closely aligned to Australia’s economy through the Closer Economic Relations free trade agreement. Its international trade partners include Australia, the U.S., China, the European Union, Japan, and South Korea. New Zealand rebounded strongly in the third quarter, by 14% q/q SA, pulling the country out of its pandemic-induced recession. The New Zealand Sectors Report was the first ever comprehensive overview of the economic performance of all the sectors that make up New Zealand’s economy. New Zealand’s economic freedom score is 83.9, making its economy the 2nd freest in the 2021 Index. https://www.indexmundi.com/new_zealand/gdp_composition_by_sector.html Contribution to GDP of the tech sector, compared to dairy and tourism 2015, NZD billions (estimated) Tech sector GDP for the Auckland Region, New Zealand By sub-sector, 2015, NZD millions (estimated) Tech sector GDP for the Bay of Plenty Region, New Zealand By sub-sector, 2015, NZD millions (estimated); Tech sector GDP for the Canterbury Region, New Zealand By sub-sector, 2015, NZD … New Zealand’s construction industry has seen continued growth over the past five years, contributing around 16.2 billion New Zealand dollars in gross domestic product (GDP) in 2020. ... All suggestions for corrections of any errors about New Zealand Economy 2020 should be addressed to the CIA or the source cited on each page. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. New Zealand's Real Gross Domestic Product (GDP) is expected to decline by 4.3% in 2020-21, but is expected to achieve growth of 5.7% in 2021-22, according to IBISWorld. New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. % of GDP 2019 New Zealand (red) Tax revenue Indicator: 32.3 Total % of GDP 2019 New Zealand % of GDP: Total % of GDP 2000-2019 New Zealand (red), OECD - Average (black) Total % of GDP 2019 New Zealand (red), OECD - Average (black) Tax wedge Indicator: 18.8 Total % of labour cost 2019 New Zealand % of labour cost: GDP - composition, by sector of origin: agriculture: 5.7% (2017 est.) It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP). The services sector, which makes up two-thirds of the country’s GDP, rose 11.1% q/q, while the goods-producing sector surged 26%. The economy of New Zealand is a highly developed free-market economy. The situation improved across the board as restrictions eased in the third quarter following strict nationwide lockdowns from March to May.
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