New Zealand - Income



The US Central Intelligence Agency (CIA) reports that in 2001 New Zealand's gross domestic product (GDP) was estimated at $75.4 billion. The per capita GDP was estimated at $19,500. The annual growth rate of GDP was estimated at 3.1%. The average inflation rate in 2001 was 2.6%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 8% of GDP, industry 23%, and services 69%.

According to the United Nations, in 2000 remittances from citizens working abroad totaled $215.3 million or about $60 per capita and accounted for approximately 0.4% of GDP. Worker remittances in 2001 totaled $216.3 million.

The World Bank reports that in 2000 per capita household consumption (in constant 1995 US dollars) was $10,548. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. Approximately 21% of household consumption was spent on food, 12% on fuel, 3% on health care, and 2% on education. It was estimated that for the same period private consumption grew at an annual rate of 1%.

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