New Zealand Economy 2022

Intro.

New Zealand is the most beautiful country in the world. New Zealand economy is also a strong economy. This country is consist of over 600 small Islands. If you go to New Zealand You feel like an amazing world.

New Zealand is the most beautiful, amazing, educated people in the world. In this article, we see the New Zealand country general over and next to its economy and other things. So first we discuss its country’s general overview.

New Zealand country General overview

As we earlier mention that New Zealand is the most beautiful and peaceful country in the world. New Zealand is consist of many small Islands and those Islands make New Zealand the most beautiful country in the world.

This country exists in the Southwestern Pacific Ocean and its neighboring country is Australia that is another beautiful country.

If we talk about its major cities then Wellington is the capital city of New Zealand and Auckland is the largest city of New Zealand and both cities are very Amazing and beautiful cities. We talk about its spoken languages so we see that English is a very commonly spoken language and the official language of New Zealand.

Every person who is living in New Zealand has spoken the English Language. As we earlier mention that New Zealand is the most beautiful and peaceful country in the world so new Zealand is hosting many country’s Population, we are talking about its ethnic groups.

As by the ethnic groups, around 72% European, 17% Maori, 15% Asians and many other ethnic groups live in New Zealand peaceful and contribute to the economy of New Zealand.

If we talk about its religions, we know that New Zealand is a Christianity majority country so the biggest religion in New Zealand is Christianity but 48% of the population of New Zealand has no religion.

Its other religions are 2.5% Hinduism, 1.5% Muslims and many other religious-related peoples live in New Zealand peacefully. New Zealand is no big country by its area point of view so its land area is approx. 268,020 km2 and it has a rank of 75th by its land area perspective.

Also, New Zealand has no big population so its population is 5,132,900 in the year 2022 and has a rank 121st according to its population point of view. New Zealand is the most advanced country in education. Almost all country’s peoples come to New Zealand and get high and world-class education.

As we earlier mention that New Zealand is the most beautiful country in the world that it is also a travel destination for the world. Almost all country’s peoples come to New Zealand for traveling and the New Zealand government earn billions of dollars throw its travel industry.

Foreign Relations and Military Strength

The relations of New Zealand for other countries are very strong. New Zealand’s relations with the USA, Europe, Asia are also very strong and New Zealand is trading with all countries of the world. New Zealand has no big enemy that way New Zealand is the most strong and peaceful country in the world.

The Military strength of New Zealand is also very strong. New Zealand has Strong military relations with the USA, Australia, European countries, and Asian countries. The military relations of New Zealand make a strong military country.

The Education Sector of New Zealand

The education sector of New Zealand is also very strong. Approx 99% of the New Zealand population is literate. New Zealand has many colleges and universities and the people seek Knowledge and many other countries peoples come to New Zealand and earn universities degree. New Zealand’s education standard is very high compared to Asian countries.

New Zealand Economy General overview

As we earlier discuss that New Zealand’s economy is a developed and advanced economy and the peoples of New Zealand are a high-income earning population. The reasons for advanced peoples of New Zealand are high standard education and health. If any nation’s population are well educated and healthy they will become high-income earners.

If we talk about its GDP, its total GDP is $194 billion (nominal) in the year 2021. If we talk about its GDP rank then we see that New Zealand’s GDP rank is 52nd in the world which is a high GDP rank according to its population. As we earlier mention that New Zealand’s peoples are very advanced so its GDP per capita is also very high.

Its GDP per capita is $39,000 (nominal) in the year 2020 Which is a high GDP per capita income compared to other less-developed Asian countries.

Its GDP per capita world rank is 23rd in the world countries list. Its big industries that major delivers to its GDP contributions are industries which contribute 8% to its GDP, others are manufacturer is 12% and services contribute 70% for its economy.

As we earlier discuss that New Zealand’s peoples are very advanced then Its Human Developed Index is also very high. New Zealand’s Human Developed Index rate is 0.931 which is considered a very high Human Developed Index in the world. Its Human Developed index rank is 14th in the world countries Which is a high Human developed index rank.

Main Industries in New Zealand

If we talk about its major industries so its major industries are food processing which is a major industry in New Zealand. Other major industries are textile, machinery, mining, and others.

Export and Imports of New Zealand

New Zealand is a big exporter for other countries. If we talk about its total Exports, its total exports are $63 billion in the year 2021. If we talk about its major export goods, food products like dairy, meat, fish and other products are machinery wood products and many other goods.

New Zealand’s major export countries are China, the US, Japan, and many other countries New Zealand exports their goods. If we talk about its Imports, New Zealand’s total imports are $60 billion in the year 2021.

If we talk about its major import goods, its major import goods are machinery, oil and petroleum, plastics, and many other goods New Zealand imports other country’s goods.

If we talk about its major import partners countries so its major import partners are European Union, China, the US, Japan, and many other countries.

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