The monthly minimum wage in New Zealand is USD 1463. New Zealand has a public debt equivalent to 36% of the country's gross domestic product (GDP) as measured in 2012. In relation to consumer prices, the inflation rate in New Zealand is 1.3%. The currency of New Zealand is the New Zealand Dollar. The plural form of the word New Zealand dollar is dollars. The symbol used for this currency is $ and is abbreviated as NZD. The New Zealand dollar is divided into cents; There are 100 in a dollar. Every year, consumers spend around US$69,004 million. The ratio of consumer spending to GDP in New Zealand is 0.04% and the ratio of consumer spending to world consumer market is 19.89%. Corporate tax in New Zealand is 28%. Personal income tax ranges from 10.5% to 33% depending on your specific situation and income level. VAT in New Zealand is 15% and is known as goods and services tax.
Gross domestic product
Total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in New Zealand is US$160,801 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in New Zealand was last at 33,855,707 US dollars. PPP in New Zealand is considered very good compared to other countries. A very good PPP indicates that citizens of this country find it easy to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with very good purchasing power parities are safe locations for investments. The total gross domestic product (GDP) in New Zealand is 189,025 billion. Based on this statistic, New Zealand is classified as a medium economy country. Middle economy countries support an average number of industries and investment opportunities. It shouldn't be too difficult to find worthwhile investment opportunities in mid-sized economies. Gross domestic product (GDP) per capita in New Zealand was last seen at $39,798,105. The average person in New Zealand has very high net worth. Countries with very high per capita wealth have a longer life expectancy and a very high standard of living. There are highly skilled workers in many industries and labor is very expensive in these countries. Very wealthy countries offer safe investment opportunities as they are often backed by a diverse and thriving financial sector. The annual GDP growth rate in New Zealand averaged 3.6% in 2014. Based on this percentage, New Zealand is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.
