Free Essay

New Zealand Report

In: Business and Management

Submitted By hmckellips
Words 1269
Pages 6

New Zealand Economic Analysis Report
Heather McKellips
Grand Canyon University
ECN 600
November 26, 2010

New Zealand is a small group of islands that is located to the southeast of Australia. It has a total land area of about 103,733 square miles, making it about the same size as the state of Colorado, USA. Although it has a small size, New Zealand is a thriving country. Their main exports include wool, forestry products, meat, dairy, fruit and nuts and fish. They have a thriving tourism business with more than 1.5 million visitors in 1999. Despite its small size and having to compete with more productive and more powerful nations, where does New Zealand’s economic being lie? This report will detail the economic stability of this country.

Resting just southeast of Australia, New Zealand has some major competition with the production and exportation of their goods. They are also very reliant on foreign imports. Because of the major country of Australia just to their north, they also lose many members of their population to immigration. But on a whole, how does their economy hold up in comparison to the rest of the world?
New Zealand is a power parity and has a gross domestic product (GDP) of $63.8 billion. The Organization for Economic Co-Operation and Development (OECD) has shown a steady increase in the GDP of New Zealand since 2004. However they still fall below the OECD average. (New Zealand Institute, 2010)
There will be an increase in GDP for New Zealand in 2010 because of the earthquake that took place in September. The increase is estimated to be about $4 million dollars to replace and repair the damage that was done during the earthquake. This is a great example of paying attention what has taken place within a country over the last year when reviewing the GDP. Obviously New Zealand would not have had a $4 million dollar increase if the earthquake had not taken place. (New Zealand Institute, 2010) On average New Zealand spends about 3.1% on military expenditures. This is a small amount when compared to the United State’s 19.3% or Russia’s 18.7% or China’s 18.2%. However when evaluated against the level or military role New Zealand has on the rest of the world it is a reasonable number. (Visual Economics, 2010) In contrast to their military expenditures, New Zealand spends about 7.1% on health care. This is one area where they spent the same amount as the United States who also spent 7.1% of their GDP on health care. New Zealand also spends about 6.2% on education which is higher than the United States who spent 5.5% of their GDP on education. New Zealand also had a higher enrollment rate for their schools than the United States and Japan. It is clear to see that the country of New Zealand is far more concerned with health and education rather than their military. This is apparent in the Human Development Index (HDI) where New Zealand has an average life expectancy of 80 and average adult education of 12.5 years. In the areas of health and education New Zealand has higher rates than the United States and the United Kingdom. (Organization for Economic Co-Operation and Development, 2010) The per capita GDP of New Zealand was $27,520 as of 2009. The per capita GDP is very important when trying to determine the economic stability of a country. By taking the GDP and dividing it by the country’s populations, it can be determined the value of production per person. This per person or per capita amount indicates the ability of those people and the country to spend money on the items that they need and want such as education, environmental protection, health and welfare. New Zealand struggles to get some people to with highly sought after skills to migrate to their country because of this slightly lower GDP per capita. In contrast the United States had a GDP per capita of $46,653. (United Nations Development Program, 2010) New Zealand once had one of the highest GDP per capita in the world until the 1960’s. Although this took a steady decline through the 1970’s to the 1990’s; in 1992 the GDP per capita began to rise again in 1992 and made a steady climb until the last recession that began in 2008. The Organization for Economic Co-Operation and development (OECD) has New Zealand below the average and ranked 22nd. This is in comparison to the United States that is ranked 3rd. (New Zealand Institute, 2010)
The population of New Zealand is approximately 4,315,800. There has been a one percent annual increase in population since 1996. The OECD had New Zealand listed as the highest population growth rate for the census between 1991 and 1996. Although as mentioned above there is a large percentage of the population lost because of immigration to Australia as well as the United Kingdom and other countries. There is also an increase of migrants from other countries moving to New Zealand with a heavy concentration of them coming from the Asian countries. The Asian population jumped from 1.5% ten years prior to 5%. However when compared to the United States with an average population growth rate of 0.9%, and the United Kingdom with a population growth rate of 0.7%, New Zealand has a slightly higher population growth rate. (New Zealand Institute, 2010)
When comparing the Human Development Index, New Zealand actually sits above the United States in 2010 ranking under very high human development according to the United Nations Development Program (UNDP). New Zealand sits well above the OECD average and much higher than the rest of the world. This is an important factor to evaluate when trying to determine the well-being of this country. Although they have a lower GDP and GDP per capita than some of the other major countries in the world, they are ranked 3rd overall on the HDI which suggests a higher quality of life. (United Nations Development Program, 2010)
There are many factors that must be analyzed in order to make a sound decision on the well-being of a country. The country that has been researched and analyzed for this exercise was New Zealand. It is important that all factors of a nation be evaluated independently, then together, and then compared to other countries in the world.
Base on the research that has been done, it is safe to say that New Zealand is has a good economic well-being. They are able to compete with much larger and more productive and powerful countries such as the United States of America. Although their GDP and GDP per capita fall below the OECD average they make up for it with an extremely high HDI. This brings up the question of quantity verses quality. It is clear that New Zealand lacks some of the quantity that other countries in the world have but their quality is much better.

New Zealand Institute, 2010, GDP Per Capita, retrieved from the internet on November 26, 2010 from
United Nation Development Program, 2010, International Human Development Indicators, retrieved From the internet November 26, 2010 from
Visual Economics, 2010, How Countries Spend Their Money, retrieved from the internet November 26, 2010 from

Similar Documents

Free Essay


... Briscoes Group ASSESSMENT 1: BUSINESS REPORT Cover page  (Design your own cover page for this assignment) Table of Contents (headings and page numbers)   1. Introduction (purpose of the report and an outline of the content of this report) 2. Background: (name of company, size of company, what industry it is in, what it produces, company structure, markets, competitive advantage). Briscoe Group Limited (BG) is one of the greatest retail organizations in New Zealand working its capacity over 150 years . The Group works roughly 79 stores all through New Zealand inside of two retail areas, home product and donning merchandise, under the three brand names Briscoes Home product, Living and Giving and Rebel Sport, which together created deals income in the Group's most recent money related year in abundance of $507 million with having its home office situated in Auckland; New Zealand. The organization's item portfolio incorporates home decorations, washroom and room items, pads and floor covers, indoor and outside furniture, cultivating frill, wearing products, wellness related types of gear, donning attire, footwear and other related stock. Notwithstanding that, the organization gives different administrations including home delivery, blessing card plans, guarantee upkeep administrations and eCommerce.(briscoes, 2015). 3. Environmental Analysis 3.1 Macro-environmental (PESTLE) analysis......

Words: 294 - Pages: 2

Premium Essay


...Case report --- Zespri 04-78-651 Professor: Jonathan Lee Submitted by: November 1, 2014 1. Key issue Zespri, as a world-renowned brand of kiwifruit, is facing some difficulties in the future growth of the company and looking for ways to maintain its leadership position in the increasingly competitive kiwifruit export industry. To be specific, Zespri wants to increase its kiwi export to $3 billion by 2025(double the export), which means Zespri needs to triple the size of global sourcing. On the other hand, Zespri has to figure out how it can differentiate itself in the future development. 2. Internal & external analyses To further analyze Zespri’s existing issues, the internal and external analyses should be done. And the VRINE Model and Porter’s Five Forces Model, as well as CAGE Distance Framework are used in the following report. 2.1 Internal analysis --VRINE analysis * Growing techniques The growing techniques supported by the technical program improve the quality of New Zealand kiwifruit. The sweeter taste meets customer needs and creates value to them. Thus the capability is valuable and rare, because the supply of sweeter kiwi by these growing techniques is relatively scarce compared to competitors from other countries. But it is imitable and substitutable in the long run. New Zealand growers have successfully exploited its capabilities to increase the quality of kiwi and earn profit through sales increment. * Investment in......

Words: 2858 - Pages: 12

Free Essay

Warehouse Development

...August - Expansion into Australia with the acquisition of Clint's Crazy Bargains and Silly Solly's. The two chains operate along similiar lines to The Warehouse with Clint’s Crazy Bargains trading in New South Wales, ACT and Victoria, and Silly Solly’s in Queensland. The stores will progressively be re-badged as Clint's Warehouse, The Warehouse and Solly's Warehouse. The Clint’s/Solly’s group has 115 stores and six distribution centres. However, the stores are much smaller than New Zealand Warehouse stores, averaging 1,100 square metres compared with The Warehouse average of 3,677 square metres. The group is hoping to gradually increase this average sales area over time. The acquisition makes good sense - both chains are similiar to The Warehouse and the group is hoping to benefit from economies of scale, whilst improving the profitability of the Australian operations by introducing the latest IT and inventory systems. It will also provide The Warehouse with a valuable opportunity for further growth and expansion. Following the acquisition, The Warehouse Group has been listed on the Australian Stock Exchange. 2001 August - The Warehouse Financial Services launched. 2002 The Warehouse celebrates its 20th birthday. 2003 June - CEO Greg Muir resigns over differences with the board on the company’s future direction. "Mr Muir's resignation came as a result of ongoing discussions in which the board and the CEO had differing philosophies......

Words: 4388 - Pages: 18

Premium Essay

Australian and New Zealand Online Shopping Market and Digital Insights

...methodology The definition of online shopping we use is online purchasing of physical merchandise such as clothes, books, and electronic items. This covers the same merchandise categories as used in the retail sales statistics published by the Australian Bureau of Statistics and Statistics New Zealand, and therefore online sales can be directly compared with total retail sales. The study excludes online purchasing of services such as travel & accommodation, event ticketing, financial services products and media downloads, as these categories are not included in the retail sales statistics. Purchases of items from online auction sites (such as eBay) are also excluded, but purchases of fixedprice items from sites such as eBay are included in the analysis. Online shopping is defined as occasions where a transaction is made online (generally with the payment being made at the time of the transaction) and excludes online browsing or research with the transaction subsequently being made in a physical store or via the telephone or another channel. All business-to-business (B2B) online purchasing is also excluded. The report is based on a comprehensive survey of 1,200 consumers (1,000 in Australia and 200 in New Zealand) between the ages of 15 and 65 who have shopped online in the past 12 months, with online shoppers being asked to record their online shopping behaviour in terms of total online shopping expenditure, both overall and by merchandise category, the reasons that they......

Words: 3211 - Pages: 13

Free Essay

Literarture Summary

...,comfort and can still be trendy by just checking out the list of eco-friendly hotels and aminities provided.Even the airlines are concerned about the environment.They are supporting it by reducing the the usage of carbon and plantation of trees.This will help us as well as the future generation to live a better life and enjoy the beauty of mother earth. AFRICAN WILDLIFE FOUNDATION.(n.d.).Conservation tourism:Conservation tourism turns wildlife into a local asset.Retrieved from The article speaks about how successfully Africa has conserved the wildlife.Instead of feeling it like a threat to the livelihoods it is helping in saving and growing tourism .It also reports how the locals have been protecting the area i.e. private properties which does not come in protected areas.The national parks are creating jobs as well as conserving the elephants.The rarest of mountain gorrilas will get saved which will keep a balance between the wildlife and the local community. Wikipedia.(2013).Ecotourism.Retrieved from The article on eco-tourism covers a whole area.It takes an historical view of the development...

Words: 1083 - Pages: 5

Free Essay

Respiratory Disease and Environment

...Respiratory disease is prevalent in New Zealand. Unfortunately, New Zealand has an extremely high incidence of respiratory-related diseases, such as asthma, lung cancer, pneumonia, bronchitis, and rheumatic fever. There are three main aspect of housing: damp houses, overcrowding, and indoor secondhand smoking. First, a warm, comfortable and ventilated housing is beneficial for humans’ health and wellbeing while, non-ventilated housing can cause a variety of health issues. According to Public Health Agency (2013), asthma may aggravate in cold, damp houses. Regional Public Health (2012) states that damp rooms cause dust mites to increase, which exacerbate asthma. Additionally, dampness or moisture encourages mould growth. Consequently, mould can irritate the airways of the lungs (Regional Public Health, 2012). This issue of cold and damp houses may be due to a leakage, inadequate ventilation and ageing of the house. According to Douwes (2009), the increased chemical emissions from building materials and floor covers may be due to the excess moisture. Moreover, inadequate ventilation is one of the causes of dampness; other potential harmful indoor pollutants may increase due to poor ventilation (Douwes, 2009). Likewise, insulation in the damp house may be difficult. According to Auckland Regional Public Health Service (2004), the microorganism was likely to increase in a favourable environment due to the increase of condensation indoors from cold air. According to Regional...

Words: 1402 - Pages: 6

Premium Essay

Public Organisations Should Be More Business-Like

...this paper, the author will discuss the difference between the public sector and the private companies in terms of business objectives, the uniqueness of public services offer by the public sector before the discussion of whether public organisations should run more business-like. Public Sector Vs Private companies By their very nature, public and private sector businesses are very different organisations operating to fulfil different objectives. The public sector has public accountability and therefore institutions in this sector is usually are owned and operated by the government. Organisations operate in the public sector, for example, the Royal New Zealand Police is under a mandate to provide a public service to safeguard the safety and wellbeing of the residents in New Zealand. The service is funded by the New Zealand Government through its income from tax payers. The private sector, on the other hand, consists of organisations that are privately owned and not part of the government. The private corporates exists to run a commercial operation primarily offer product(s) and/or service(s) with the ultimate goal of generating a profit and provide a reasonable rate of return for their...

Words: 1207 - Pages: 5

Premium Essay

Capital Structure

...Assignment 1 Capital Structure Group 58 1. Overview of New Zealand Industry Selection We have chosen 12 different industries with in 21 listed companies belong to 21 NZX industry groups shows in Table 1 below. The three latters in brackets followed by each company name are their listed symbol in New Zealand Stock Exchange. Table 1 List of Selected Industries and Firms. 1) Consumer | 7) NZ Debt Market | Pumpkin Patch Limited (PPL) | New Zealand Government Stock (GOV) | The Warehouse Group Limited (WHS) | Tower Capital Limited (TWC) | 2) Finance & Other Services | 8) NZAX | Pyne Gould Group Ltd (PGC) | JASONS TRAVEL MEDIA LIMITED (JTM) | Summerset Group Holdings Limited (SUM) | New Zealand Wool Services International Limited (WSI) | 3) Food & Beverages | 9)Ports | Delegat's Group Limited (DGL) | Auckland International Airport Limited (AIA) | 4) Investment | Port of Tauranga Limited (POT) | ASB Capital Limited (ASB) | 10) Property | Kingfish Limited (KFL) | Kiwi Income Property Trust (KIP) | 5) Leisure & Tourism | Augusta Capital Limited (AUG) | SKYCITY Entertainment Group Limited (SKC) | 11) Transport | Tourism Holdings Limited (THL) | Air New Zealand Limited (AIR) | 6) Media & Telecommunications | Freightways Limited (FRE) | Telecom Corporation of New Zealand Limited (TEL) | 12). Overseas | | Oceana Gold (OGC) | 2. Purpose The purpose of this report is to analyse and evaluate the changes of capital......

Words: 7174 - Pages: 29

Free Essay

Export Opportunity Overview

... the reason I use the word GREEN because when people see green things which the first idea comes in mind is nature and free from contamination and nothing chemical and 100% sure harmless for human body. And the meaning by STORE is “putting every ECOed things together”. So the purpose of the company is making human’s life healthier and not let any chemical thing to harm us. 2. Industry Sector As a company who has been focusing on the career in “Green (As explained above)”. The company has its own way to do it with advanced technology and also improve its own product to be more prefects. 3. Size and Location The company was born in 1993 by a couple named Malcolm and Melanie in the basement of their home in an eco-village in New Zealand. And now the company is growing to be a large company in Auckland NZ with 262 official stores NZ wild and...

Words: 4436 - Pages: 18

Premium Essay

Once Were Warriors Report

...Once Were Warriors Report by Sean Collier Once Were Warriors had a different reception internationally towards the didactic message of the violence in the film. Once Were Warriors directed by Lee Tamahori grossed over $6 million in New Zealand passing Jurassic Park on the New Zealand Box Office. New Zealanders praised the film with most reviews receiving a high rating. When opened internationally it grossed over $2 million with reviews also achieving a high rating. Although most international reviews fail to see the message from the violence compared to local reviews, they seem to view the violence as nauseating and unnecessary while New Zealand sees it as strong message to the public. Strong examples of this are Mark Tierney, Lizzie Francke and David Stratton from New Zealand, and Kenneth Turan from America who had a strong opinion on the movie’s brutal violence leading him to give it a bad review therefore missing the didactic message of the film. Once Were Warriors is a film based from the novel of the same name, about a Maori family living in Auckland after moving away from tribal elders over a disagreement over their marriage. The main settings are the Heke’s house and the local bar both housing drunken violence. Beth Heke (Rena Owen) is the victim of domestic abuse from her husband Jake Heke (Temurea Morrison) leading her to question the relationship and stand up to Jake while also trying to sort family relations. There are many sub-plots in the film which affect......

Words: 1258 - Pages: 6

Premium Essay

New Zealand Telecommunications.

...Info325 Imogen Donnelly-Lawrence - 300259652 Friday 2.40-3.30 New Zealand is currently undergoing massive changes as the government and network providers pour hundreds of millions of dollars into the nation's telecommunications and broadband infrastructure. The reason? To stay ahead in today's broadband economy. As a developed country we are heavily reliant on these infrastructures as they have significant impact on our economy. Investing now to provide for present and future generations is essential in making sure New Zealand stays on track economically and socially as the world continues to develop and focuses more on technology. In this essay I will cover a selection of sectors including New Zealand’s major providers of internet and telecommunications network, radio and television broadcast providers and the government's UFB (Ultra Fast Broadband) and RBI (Rural Broadband Initiative) initiatives. An analysis of each sector will be conducted on its potential benefit on businesses and communities, how these technologies are converging and its implications, emerging consumer trends, recommendations and an examination of overseas technologies and its possible implementation in New Zealand. Mobile Market & Infrastructure New Zealand primary telephone system is the mobile network with over 4.7 million connections and counting. The biggest holders of the mobile market shares are Spark and Vodafone with a 33% and 42%. (Commerce Commission, 2014) 2Degrees is their...

Words: 3254 - Pages: 14

Free Essay

Tourism Report

...Final Report The Outlook for Tourism in the Auckland Region Prepared for Auckland Regional Council June 2008 Covec is an applied economics practice that provides independent analysis and advice to a broad range of companies and government agencies. We specialise in solving problems arising from policy, legal, strategic, regulatory, market and environmental issues. Our delivery of high-quality, objective advice has provided confidence to some of the largest industrial and governmental organisations in the Asia-Pacific region. Authorship This document was written by Shane Vuletich. For further information email or phone (09) 916-1961. Disclaimer Although every effort has been made to ensure the accuracy of the material and the integrity of the analysis presented herein, Covec Ltd accepts no liability for any actions taken on the basis of its contents. © Copyright 2008 Covec Ltd. All rights reserved. Covec Limited Level 11 Gen-i tower 66 Wyndham Street PO Box 3224 Shortland Street Auckland New Zealand t: (09) 916-1970 f: (09) 916-1971 w: Contents Executive Summary ............................................................................................................... 1 1. Introduction .................................................................................................................... 6 1.1. 2. Overview: Bringing the World to Auckland......................................

Words: 11554 - Pages: 47

Free Essay

Concepts of Inequality

...Introduction In this essay I will define the concepts of inequality, accessibility and community participation in health care. I will also discuss these concepts and explain their origins in relation to the Ottawa Charter and the Declaration of Alma Ata. Furthermore I will provide examples of how these concepts are being addressed in New Zealand health policy. Inequality in Health Discussion and Definition of the Concept Within New Zealand significant inequalities in health exist. The reasons for these inequalities are linked with socioeconomic status, ethnicity, gender and the geographical area in which people live. There is also statistical evidence which highlights the fact that Maori, Pacific Islanders and people from lower socioeconomic backgrounds are dying at a younger age and generally have poorer health than other New Zealanders (Ministry of Health [MOH], 2002). The Reducing Inequalities in Health report (MOH, 2002) states that the primary causes of health inequality in New Zealand are directly related to the distribution of and access to resources such as income, education, employment and housing. The report also states that another major influence on this inequality in health is the difference in how and when people access health care services and how that care may differ between those receiving the services. This is also said to have a significant impact both on peoples’ health status and mortality rates. Primary health care services will focus on better......

Words: 2119 - Pages: 9

Free Essay


...04-75-498-30 Strategic Management Summer 2015 Instructor : Prof. Lucas Wang Case Analysis # 1: Zespri Group # 2: Peida Yang, 103613868 Yaan Zhu, 104126891 Yongxin Pu, 104108802 Colton Boros, 103953326 Tatiana Tuzlova, 103084152 Introduction Zespri is a grower-owned corporatized cooperative based out of New Zealand. The company, which was introduced in 1997, is focused solely on delivering and marketing Kiwifruit. Zespri was founded out of necessity by New Zealand's Kiwifruit growers after the price of kiwifruit declined and the industry faced a disaster. Zespri is owned by 2,700 current and former kiwifruit growers, and is governed by an eight member board elected by the shareholders. In 2008, Lain Jager was elected CEO of Zespri, the first person from inside the kiwifruit industry to be elected as CEO by the board of directors. The focus of this case is the CEO of Zespri Group Limited, Lain Jager, wanting Zespri to increase New Zealand kiwifruit exports to $3 billion by 2025, and how Zespri plans to achieve this. On the way to realizing this commitment, Zespri faces many challenges. From maintaining its position as the leader in the industry which has seen a huge growth globally, especially in China, Italy, and Chile, to the business side of developing strong brands that differentiate from the competition and establish recognition of Zespri's products. We will look in depth at these challenges, and offer possible solutions for Zespri to pursue. Through......

Words: 3051 - Pages: 13

Premium Essay

New Zealand and India Forest Resources

...Internet Assignment 1 New Zealand Forest Resources New Zealand is a widely diverse ecoregion which is made up of 7 contiguous ecoregions. These regions are spread over 170,000 sq. km (or, 65,500 sq. miles). With only 5 major temperate rainforests in the world, the temperate forests of the South Island of New Zealand are some of the largest areas of native vegetation in the country. The New Zealand kauri (Agathis australis) belongs to the ancient conifer family, Araucariaceae, one of the largest and longest-living trees in the world. The most southern-growing species, New Zealand kauri, is restricted to the sub-tropical forests in areas north of latitude 38°. The Afforestation Grant Scheme (AGS) helps growers establish new forest plantations. Producing 100% of its products from plantation forests; the New Zealand plantation forests and wood products industry is based on wholly renewable resources, the industry is predominantly based on sustainable plantations of Monterey pine or New Zealand pine, and Pinus radiata, commonly known as radiata pine. Douglas-fir and various eucalyptus and cypress trees are also grown for timber. FOA members manage around two-thirds of the plantation forests of New Zealand’s 1.79 m ha plantation forestry estate. Over 94% of the plantation forests are privately owned and over 90% of New Zealand’s planted forests are pinus radiata. Forestry in New Zealand is geared to both domestic and export demand. About 44% of the harvested logs and various......

Words: 1046 - Pages: 5