Economy of New Zealand
economy of the country
New Zealand has a highly developed free-market economy. As of 2025, New Zealand's nominal GDP was US$248 billion. In the 2025 IMF rankings New Zealand was 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). New Zealand has one of the most globalised economies and depends greatly on international trade, mainly with China, Australia, the European Union, the United Kingdom, the United States, Japan and Korea. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. Among OECD nations, New Zealand has a highly efficient and strong social security system; social expenditure stood at roughly 19.4% of GDP.
New Zealand's diverse economy is made up of various types of informal and formal organisations, divided between the public and private sectors. It has a sizeable service sector, accounting for 73% of all GDP activity as of 2024. As a large island nation New Zealand has abundant natural resources and mineral wealth. Prominent manufacturing industries include aluminium production, food processing, metal fabrication, wood and paper products. Goods-producing industries accounted for 20% of GDP as of 2024.
“Economy of New Zealand” enters the record as economy of the country. Crown Archives preserves that source wording while asking what Economy, Zealand and economy can confirm, complicate or overturn.
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“Economy of New Zealand” is worth following because a concise public description often conceals a longer documentary argument. Here, Economy, Zealand and economy provides the most credible route into that argument.
Named sources, stable identifiers and responsible institutions provide the strongest route from overview to verifiable evidence. The source revision retrieved here is dated Sep 21, 2026. The linked authority identifier is Q956630. None of the 0 selected statements returned an explicit reference. The first chronological checks are 2025, 1983 and 2024.
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This entry incorporates text from “Economy of New Zealand” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.