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COUNTRY SNAPSHOTS

New Zealand Highlights

Joined the OECD: 1973 Prime Minister: John Key

• GDP per capita in New Zealand was US$29,813 in 2010, below the OECD figure of $34,025.

Ambassador to the OECD: Rosemary Banks

• Unemployment stood at 6.5%, compared with an OECD figure of 8.6%.

Delegation website: www.nzembassy.com/france

• Spending on healthcare was over 10% of GDP in 2009, most of it public.

Parliament website: www.parliament.govt.nz

• Tertiary graduation at 40.1% of the population exceeded the OECD average of 30%.

Capital city: Wellington

• The employment rate of women stood at 66.7%, compared with over 78.2% for men, and an OECD figure of 56.7%. • Renewable energy accounted for around 39% of energy supply in 2010, compared with an OECD figure of 7.6%. • Taxes on the average worker were around 17% of labour costs in 2010, half the OECD average.

ECONOMY

2000 2010 1

GLOBALISATION  

Gross domestic product (US$ bln, PPPs)

81.4

Imports of goods and services (% of GDP)

33.4

..

GDP per capita (US$)

21 039 29 813

Exports of goods and services (% of GDP)

35.0

..

Real GDP growth (annual %)

2.5

2.5

Net official development assistance (% of GNI)

0.25

0.26

Household disposable income (annual growth %)

-4.1

..

Foreign-born population (% of population)

17.2

22.7 2

Budget balance (% of GDP)

1.8

-4.6

Migration rate (per thousand)

-2.9

2.3

Public debt (% of GDP)

36.9

38.7

Outward FDI stocks (US$ bln)

6

16

Current account balance (% of GDP)

-4.6

-2.2

Inward FDI stocks (US$ bln)

28

68

Inflation rate: all items (annual %)

2.6

2.3

Unit labour cost (annual growth %)

0.3

..

SOCIETY  

Long-term interest rates (%)

6.85

5.60

Population (thousands)

3 858 4 368

Public expenditure on health (% of GDP)

5.9

8.3 2

Life expectancy at birth (years)

78.3

80.8 2

Private expenditure on health (% of GDP)

1.7

2.0 2

Population, 65 and over (% of population)

11.8

13.0

Public expenditure on education (% of GDP)

..

5.4 3

Employment rates: men (%)

77.9

78.2

Private expenditure on education (% of GDP)

..

1.2 3

Employment rates: women (%)

63.2

66.7

Self-employment rates (% of employed)

20.6

..

NEW SOURCES OF GROWTH  

Unemployment rates (%)

6.2

6.5

Renewable energy (% of energy supply)

29.6

38.6

Long-term unemployment (% of unemployed)

19.8

9.0

Total energy production (Mtoe)

14.1

16.6

Income inequality, rank out of 34 (1: least unequal)

..

25 4

CO2 emissions from fuel combustion (mln tonnes)

31

31 2

Average hours actually worked (per year)

1 828

1 758

R&D expenditure (% of GDP)

..

..

Taxes on average worker (all-in, % of labour cost)

19.4

16.9

Tertiary graduation rates (% of population)

..

40.1 2

Road fatalities (per mln inhabitants)

121

90 2

Households with Internet access (%)

..

75.0 2

130.7

1. Unless otherwise indicated 2. 2009 data 3. 2008 data 4. Late 2000s data, based on Gini coefficient

OECD Yearbook 2012 © OECD 2012

149

2012 OECD Yearbook  

2012 OECD Yearbook

2012 OECD Yearbook  

2012 OECD Yearbook

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