Buy custom New Zealand's economy
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Business
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| Number of pages / Number of words: |
3 / 792 |
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After the crisis in 1970’s, the country hasn’t fully recovered. For example, the GDP per capita is much less than in Spain and about 60% of USA. Income inequality increased, saying that a relatively big portion of people have quite good income. Also, the country have large current account deficit of about 9% of GDP, but the public debt is about 21% of GDP, which is still much smaller than some developed countries...
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Also, the country have large current account deficit of about 9% of GDP, but the public debt is about 21% of GDP, which is still much smaller than some developed countries. The net foreign debt increased over the years 1984 until now, reaching NZD 182 billion. This could lead to the conclusion that the most of the foreign debt is concentrated in private sector, because income from agricultural exports and tourism doesn’t cover the imports of manufactured goods need to maintain the stable economy...
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