The foundation of New Zealand’s economy is the export of agricultural commodities such as dairy products, meat, forest products, fruit and vegetables, and wine. 46% of all goods and services exports are food and beverage. Dairy, New Zealand’s largest export commodity group making up 28% of all exports totalled approximately US$13 billion. 

Most minerals, metallic and non-metallic, are present in New Zealand, but few are found in sufficient quantities for commercial exploitation. The exceptions are gold, coal (still mined to a considerable extent), iron sands and natural gas. New Zealand has also developed its hydroelectric potential.

Source: US International Trade AdministrationBritannica



Ihre Berater der Handelskammer

Alissa Dörr

Kontaktieren Sie uns: oceania@cc.lu


Kennzahlen

Fläche
268,838 sq km
Bevölkerung
5,223,100 (2023)
Regierungsform
parliamentary democracy under a constitutional monarchy; a Commonwealth realm
Sprachen
English (de facto official) 95.4%, Maori (de jure official) 4%, Samoan 2.2%, Northern Chinese 2%, Hindi 1.5%, French 1.2%, Yue 1.1%, New Zealand Sign Language (de jure official) 0.5%, other or not stated 17.2% (2018 est.)
BIP
$252.18 billion (2023)
Wachstumsrate
0.7% (2023)
HDI
16
Hauptstadt
Wellington

Makroökonomische Indikatoren

Economic momentum remained weak in the second half of 2024 and the economy is expected to expand by only 0.6% this year. Growth is projected to pick up to 1.4% in 2025 and 2.1% in 2026 as lower interest rates boost investment and real household income growth lifts private consumption. The difficulty of finding labour has declined, reducing wage pressures. Low and medium skilled labour shortages are not expected to return over the next two years. Feeble economic growth and easing labour market tensions are helping to lower headline inflation, which is expected to remain around 2%. Declining net inward migration, elevated electricity prices and low productivity growth are expected to temper the pace of the recovery.

Source : OECD Economic Outlook

 

IMF Statistics:

 

Subject descriptor 2022 2023 2024 2025 2026

Gross domestic product, constant prices

Percent change

(Units)

2.856

1.811

-0.483

1.372

2.722

Gross domestic product, current prices

U.S. dollars

(Billions)

245.203

253.436

257.728

248.666

259.160

Gross domestic product per capita, current prices

U.S. dollars

(Units)

47,840.725

48,341.722

48,310.250

46,126.047

47,382.544

Inflation, average consumer prices

Percent change

(Units)

7.172

5.733

2.923

2.013

1.990

Volume of imports of goods and services

Percent change

(Units)

4.718

-0.431

1.399

1.399

3.752

Volume of exports of goods and services

Percent change

(Units)

-0.456

10.981

3.926

3.350

4.253

Unemployment rate

Percent of total labor force

(Units)

3.300

3.725

4.725

5.337

5.283

Current account balance

U.S. dollars

(Billions)

-22.669

-17.578

-15.541

-12.225

-12.192

Current account balance

Percent of GDP

(Units)

-9.245

-6.936

-6.030

-4.916

-4.704

Estimates

Source: IMF Statistics - New Zealand


Luxemburg und das Land

Existing conventions and agreements

Non double taxation agreement

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

None

Air Services agreement

None

EU – New Zealand trade Agreement

Source: European Commission


Weitere Informationen

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact Points in New Zealand

Luxembourg is represented by Ambassade Royale des Pays-Bas à Wellington

Honorary Consul

Honorary Consul with jurisdiction in New Zealand:

Auckland

Ms Marie Gaspar
Honorary Consul with jurisdiction over North Island

10 Barnett Crescent
Epsom
1023 Auckland
Nouvelle-Zélande

Tel : +64 (0) 21 066 4374
E-mail : auckland@consul-hon.lu

Wanaka

Ms Frauke Carola ODDONE
Honorary Consul with jurisdiction over South Island

9 Foxglove Heights
9305 Wanaka
Nouvelle-Zélande

Tel.: +64 (027) 7200018
E-mail: wanaka@consul-hon.lu

Source: Ministry of Foreign Affairs of Luxembourg

Country risk as defined by Office du Ducroire for New Zealand

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for New Zealand

Other Useful Links: