About

Aotearoa New Zealand is a country located in the southern Pacific Ocean. The overall land of the country measures about 268,021 square kilometres (103,500 sq mls) and it’s split into two major areas – North Island and South Island. There are also around 600 smaller islands within its borders as well that help to create this fascinating landscape with steep mountain ranges such as Southern Alps which were created by tectonic pressures.

New Zealand has more than just plains, volcanoes or rolling hills. It is a developed nation with an education system comparable to other countries similar in development and it also ranks high on the transparency of its central government as well as their constitutional rights’ security measures.

New Zealand is an affluent nation with a high GDP and the third most economically free country in the world. It’s capital city, Wellington has about one-fifth of New Zealand’s population but Auckland which houses over two million people remains its economic engine and largest metropolis due to its innovative market economy that provides enough jobs for both skilled professionals as well as unskilled laborers who make up more than half of all workers in this small island chain near Australia.

The economy is mainly the service industry, with agricultural and manufacturing sectors also in place. The tourism sector contributes to 12.9 billion dollars of GDP (5%), employing 8% of the total labour force until recent restrictions halted it drastically – showing how important this area was before the pandemic hit global tourist numbers hard enough for them to be effectively crushed by its effects on travel-based industries alone.

The mining industries were historically a major economy in New Zealand, as sectors such as seal hunting (which occurred until the late 1800s), kauri gum for paint, gold and native hardwood.

The first shipment of refrigerated meat from New Zealand to the UK began in 1882. The basis for this trade led solid monetary development in NZ, and during the 50s & 60s there was an increased demand for farming items from both US as well as Britain that contributed to greater living standards among Kiwis which surpassed those of Europe& Australia because successive governments post 1984 have brought about large-scale macroeconomic changes leading up to a liberalized open market economy quickly transforming it into one with a highly managed and protected economy by quick transformation.

In 2014, foodstuffs comprised over 50% of the value of New Zealand’s total exports. This means that a major portion of their economy relies on selling these items to other countries around the world in order to keep up with worldwide demand and increase profits for themselves. However, this comes at great risk as changing prices or even international disputes could cause economic problems within their own country if they are not careful.

The New Zealand-China FTA was agreed by both countries in 2008, becoming the very first such contract to be authorized by the PRC with a developed nation. Milk items made up over $14 billion (almost 18%) of all export trade in 2018. One company, Fonterra controls virtually one third of this country’s international overseas trade.

Various other exports include meat at 8.8%, wood items and also wood at 6.2%, pip fruit, more than 3.5% of the total export value in 2007-2008; machinery with 2.2%; wine (bottled & bulk) is a key industry as it now accounts for nearly 5%. Through Covid 19 and worldwide demand NZ’s wines are being imported by many nations across the world which has fuelled an exponential growth in production here over recent years

Domestically, the business sector consists of small operators with only 19% having five or less employees. The arts and innovation are growth industries in New Zealand as well. One of its biggest cities is Auckland where they have one and a half-million inhabitants out of an overall population for just over 5 million people living there.