New Zealand has a diverse economy dependent on agriculture, tourism, and technology exports. Agriculture makes up around 50% of export income, with dairy being the largest sector. Tourism is also a major industry and top foreign exchange earner. Other key sectors include energy and minerals, timber, and fishing. New Zealand's GDP per capita was $41,555 in 2013, with economic growth of 2.5% that year. The country imports machinery, vehicles, oil, electronics and other goods. Technology exports have grown substantially in recent years to become the third largest export sector behind dairy and tourism. Construction is also booming currently due to earthquake recovery and housing demand.

1. Report On the Economy
New Zealand
Vikas Prasad(161458)
Mohit Bamal(161427)
Virgil Dsouza(161459)

2. Introduction
New Zealand is part of Oceania and is located in the southwest Pacific Ocean. It is also known as “the land of
the long white cloud" or "Aotearoa" in Maori. The wild and strange landscapes of New Zealand South Island and
North Island have earned it the interest of television and movie studiosincluding the filmingof the trilogy "Lord
of the Rings" and "Hobbit" directed by Peter Jackson, who is himself a Kiwi (nickname given to the inhabitants
of New Zealand and the symbol of the country). In the 19th century, due to the growing interest of the restof the
world in New Zealand, the British government proclaimed British sovereignty and negotiated a treaty with Maori.
The Treaty of Waitangi was subsequently signed in the Bay of Islands (Northland) on the 06 February 1840. This
day is celebrated every year as a Kiwi national holiday.
Domestic Business
The following export product groups represent the highest dollar value in global shipments from New Zealand
during 2015.
1. Dairy, eggs, honey: US$8.9 billion (23.5% of total exports)
2. Meat: $5.6 billion (14.6%)
3. Wood: $2.9 billion (7.6%)
4. Fruits, nuts: $1.7 billion (4.5%)
5. Alcoholic beverages: $1.4 billion (3.8%)
6. Machines, engines, pumps: $1.3 billion (3.5%)
7. Modified starches, enzymes: $1.1 billion (3%)
8. Fish: $1 billion (2.7%)
9. Other food preparations: $876.8 million (2.3%)
10. Aluminum: $835.3 million (2.2%)
Miscellaneous food preparations were the fastest-growing among New Zealand’s top 10 export categories, up
66.5% for the 5-year period starting in 2011.
In second place for improving export sales were modified starches and enzymes which rose 37.7%, followed by
fruits and nuts (up 34.9%) and alcoholic beverages (up 34.8%).
Decliners were led by aluminum, down in value by -15.3% and machinery with a -9.2% drop.

3. Top Sectors of New Zealand
AGRICULTURE
About 50% of total export income comes from meat, dairy products, and wool; the land supports some 68 million
sheep and 4.8 million beef cattle. New Zealand is one of the world's largest exporters of lamb and mutton, has a
growing beef industry (about 75% of which is produced in the North Island), and supplies about 90 countries with
meat (the major markets are the U.K., Iran, Russia, Japan, U.S., and Canada). New Zealand is also one of the
largest and most efficient exporters of dairy products. The combination of a good growing climate, stable rainfall,
and lush grass year-round has produced an average herd of about 120 cows; most of the 3.3 million dairy cows in
the country are Jerseys or Friesians (that's one cow per person!). Butter (mostly to the U.K.) and cheddar cheese
(mostly to Japan and the U.K.) are the major dairy exports. New Zealand's rich and creamy dairy products are
among the best in the world--one taste and you'll be convinced!
Tourism
Tourism is a major part of the New Zealand economy. In fact, it is the top earner of foreign exchange. The New
Zealand Tourism Board does an excellent job of developing facilities while maintaining the natural and cultural
aspects of the country; the department also promotes New Zealand overseas. The majority of visitors flock across
from Australia; however, more and more visitors from North America, Japan, the U.K., Europe, and Taiwan are
discovering New Zealand.
Energy and Minerals
New Zealand has significant natural energy resources, with good reserves of coal, natural ga s and oil/condensate,
extensive geothermal fields, and a geography and climate which have supported substantial hydro -electric
development. The main minerals mined, in addition to coal, are gold, silver, ironsands, various industrial minerals
and gravel for construction.
Timber
After agriculture, forestry is New Zealand's next important industry. More than 27% of the country is covered by
forest--about 1.2 million hectares of production plantation forest and 6.2 million hectares of indigenous forests. As
native trees are very slow-growing, they are used for special purposes only. The planted forests of exotic radiata
pine are the major suppliers of New Zealand's timber. Radiata grows rapidly here, producing a high amount of
usable wood per tree. Forest export products consist of timber, wood pulp and chips, paper, building boards,
plywood, veneers, and various oils. Australia and Japan are New Zealand's largest customers of forest product
exports.
Fishing
New Zealand has an Exclusive Economic Zone (EEZ) of 3.1 million nautical square kilometres supporting a wide
variety of inshore fish, some large deep-water fin fish, squid and tuna. New Zealand's unpolluted coastal waters are
also well-suited to aquaculture. The main species farmed are Pacific oyster, green-lipped mussels and quinnat
salmon.

4. Imports
Machinery US$5.6 billion
Vehicles US$5.2 billion
Oil US$4.4 billion
Electronic equipment US$3.5 billion
Plastics US$1.6 billion
Aircraft US$1.4 billion
Medical, technical equipment US$1.3 billion
Pharmaceuticals US$1 billion
Furniture,lighting,signs US$ 867.3 million
Iron or steel products US$ 764.6 million
New Zealand Economy
The economy of New Zealand is the 53rd-largest national economy in the world measured by nominal gross
domestic product and 69th-largest in the world measured by purchasing power parity.
GDP per capita: 41,555.83 USD (2013) World Bank
Gross domestic product: 185.8 billion USD (2013) World Bank
GDP growth rate: 2.5% annual change (2013) World Bank
Gross national income: 136.3 billion PPP dollars (2012) World Bank
Personal income:
33% from $70,000
30%: $48,001 to $70,000
17.5%: $14,001 to $48,000
10.5%: $0 to $14,000
New Zealand's top personal tax rate is 33% for income over NZ$70,000. At the other end of the scale, the tax rate
is 10.5% on income up to $14,000.

5. Company name sector wise
Timber 1. Eurocell timber
2. Craigpine Timber
3. WPI
4. Niagara Sawmilling Company
5. Mamaku Sawmilling Co Ltd
Fishing 1. Aquaculture New Zealand
2. Deepwater Group Ltd
3. Fisheries Inshore New Zealand Ltd
4. The New Zealand Rock Lobster
Industry Council Ltd.
5. Paua Industry Council Ltd
Energy 1. Genesis Engergy
2. Contact Energy
3. Mercury Energy
4. Meridian Energy
5. Trustpower
Agriculture 1. Canterbury of New Zealand
2. Cavalier Corporation .
3. Fisher & Paykel Appliances Holdings.
4. Fonterra Co-operative Group
5. Goodman Fielder Limited.
Tourism 1. FLYING KIWI ADVENTURE TOURS.
2. SCENIC PACIFIC NEW ZEALAND
TOURS
3. COX AND KINGS
4. ABERCROMBIE & KENT.
5. ORIGINAL TRAVEL

6. Last 3 years ForeignDirect Investment
Top 10 products demand from world:
Machinery US$5.6 billion
Vehicles US$5.2 billion
Oil US$4.4 billion
Electronic equipment US$3.5 billion
Plastics US$1.6 billion
Aircraft US$1.4 billion
Medical, technical equipment US$1.3 billion
Pharmaceuticals US$1 billion
Furniture,lighting,signs US$ 867.3 million
Iron or steel products US$ 764.6 million

7. Exports
Changing economies of New Zealand
Technology is now the third largest export. This has grown substantially in the last 10 years and now only sits
behind dairy and tourismas the third largest earner for new zealand. In 2013 the economy grew 3.3%. HSBC
chief economist for Australia and New Zealand, Paul Bloxham, was so impressed that he predicted New
Zealand's growth would outpace most of its peers, and he described New Zealand as the "rock star economy of
2014"
Construction is also booming in NZ at the moment. The construction boomis due to two bad things - the
earthquake in Christchurch and a housing shortage in Auckland. Tourismis growing phenomenally, with the
strongest growth fromChina. Again, though, foryour average NZer this is not great news as jobs in tourismare
also casualised and poorly paid.