Flag description: blue with the flag of the UK in the upper hoist-side quadrant with four red five-pointed stars edged in white centered in the outer half of the flag; the stars represent the Southern Cross constellation
@New Zealand:Economy
Economy - overview: Since 1984 the government has accomplished major economic restructuring, moving an agrarian economy dependent on concessionary British market access toward a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes, broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures. Inflation remains among the lowest in the industrial world. Per capita GDP has been moving up toward the levels of the big West European economies. New Zealand's heavy dependence on trade leaves its growth prospects vulnerable to economic performance in Asia, Europe, and the US. Moderate growth probably will characterize 2000.
GDP: purchasing power parity - $63.8 billion (1999 est.)
GDP - real growth rate: 3.1% (1999 est.)
GDP - per capita: purchasing power parity - $17,400 (1999 est.)
GDP - composition by sector: agriculture: 8% industry: 23% services: 69% (1998)
Population below poverty line: NA%
Household income or consumption by percentage share: lowest 10%: NA% highest 10%: NA%
Inflation rate (consumer prices): 1.3% (1999 est.)