New Zealand
David Lester
Map of new zealand
Population: 4.5 million
Countries score over time
GDP (PPP): $136.6 billion
2.4% growth
1.5% 5-year Compound annual growth
$30,493 per capita
Unemployment: 6.4%
New Zealands's currency
Inflation (CPI): 1.1%
FDI Inflow: $986.5 million
Legal System
New Zealand is tied with Denmark for first place in Transparency International’s 2013 Corruption Perceptions Index. They are known for bribery. The judicial system is independent. Private property rights are strongly protected, and contracts are notably secure.
Competitive Markets
New Zealand’s average tariff rate is 1.6 percent. Non-tariff barriers are low. Foreign investment is used, and government may screen some large investments. The open financial sector is highly competitive. They have very Prudent regulations. New Zealand has been built upon principles of open markets and free trade.
Limits on government regulation
The entrepreneurial framework is efficient. . The labor market is very flexible. New Zealand has the lowest OECD country.The top individual income tax rate is 33 percent. The top corporate tax rate is 28 percent. The overall tax revenue equals 32.9 percent of gross domestic product.
An efficient capital market
Foreign investment is allowed. The government is able to screen some large investments. The open financial sector is highly competitive but it is well developed. There regulations make it possible to avoid turmoil. New Zealand's equity market almost collapsed in the early 2000s, but now in present time is taking a swift turn around.
monetary stability
New Zealand has a profitable and well-functioning financial system. They have very well developed financial markets. They have a good stability, and have good financial policies. They have very prudent regulations when it comes to banking. (NZW) New Zealand stock exchange strengthened the securities of regulation.
Low Tax rates
The top individual text rate is 33 percent. The Top corporate tax rate is 28 percent. There are taxes on goods, services, and environmental. The overall tax revenue is 33.9 percent. Public expenditures equal 43.6 percent of GDP. The public debt is the same as 35 percent of the annual economic activity.
free trade
New Zealand is a Market Economy. It Greatly depends on international trade. Tourism and agricultural exports are there many sources of income. They have a small amount of manufacturing and high-tech components. Regional and bilateral free trade are a huge part of new zealands trade polices.
What's driving New Zealand's 'rock star economy'?
A video talking about the rise of New Zealands Economy
Movies
Many Famous movies have been filmed in new zealand because of its mass lands of nature but the famous of the movies is the lord of the rings trilogy