New Zealand ranks 19th in global competitiveness and has a score of 76.7. It has a stable parliamentary democracy and ranked 4th in the global democracy index in 2020. New Zealand has a mixed economy led by industries like tourism and agriculture. It has a diverse population that enjoys a high quality of life. While New Zealand has advanced technologically, it faces challenges around increasing costs, environmental issues, and a limited tech talent pool. Overall, the analysis finds that New Zealand is one of the world's leading developed countries.

1. IB Assignment
PESTEL ANALYSIS OF
NEW ZEALAND

2. The Global Competitiveness Report (GCR)
The analysis presented in the Global Competitiveness Report
Special Edition 2020 (herein: “report”) is based on a
methodology integrating the latest statistics from
international organizations and a survey of executives. The
methodology, developed in collaboration with leading experts
and practitioners through a three-year consultative process,
is designed to support countries to identify relevant policies
and practices.

3. NEW ZEALAND
NEW ZEALAND has a 19th rank and his score is 76.7. It is
an island country in the southwestern Pacific Ocean. It
consists of two main landmasses—the North Island and
the South Island and over 700 smaller islands. It is
the sixth-largest island country by area and lies east
of Australia across the Tasman Sea and south of the
islands of New Caledonia, Fiji, and Tonga.
New Zealand's capital city is Wellington, and its most
populous city is Auckland.

4. PESTLE ANALYSIS

5. Political factor
 Government system New Zealand follows the
constitutional monarchy and the parliamentary
democratic system of government and
administration. The Prime Minister is the head of
the government, and the Monarch remains the
state’s head.
 Political stability
 Ranking (New Zealand ranked at the 4th
position of the global democracy index in 2020.
The index analyzed the data from 167 countries,
and she achieved a 9.25 out of 10.)

7. Economical Factor
 Leading industries
 Imports and Exports
 GDP
 Mixed Economy

8. Social Factor
 Demography
 Diversity
 Best countries and Trends
 Challenges
 Lifestyle
 Health Consciousness

9. Technological factor
 Vast scope of tech
 Tech growth
 Transportation
(air, road, railways)
Replaced energy

10. Regulation
Fiscal and monetary policy
Copyright
Trademarks of intellectual
property
Tax system
Legal factor

11. Environmental factor
o Tourism (New Zealand is the
world’s most charming tourist
destination. Her rich marine life,
kayaking, hiking, biking, sky
diving, bungee jumping, sandy
beaches, lakes, and glacial
mountains are engaging
activities and places to promote
her tourism industry.)

12. Conclusion
After an in-depth study of the pestle analysis of
New Zealand, we have concluded that New
Zealand is indeed the world’s leading
developed country. Environmental challenges,
increasing cost, and limited tech talent are
some of the top challenges. New Zealand
should utilize its resources to address these
issues.