New Zealand is a diverse, free-market economy dominated by its service sector. In recent years the economy has benefitted from a net increase in migration.
New Zealand is one of the most stable and peaceful societies on earth, and the Kiwi economy is renowned for its efficiency and competitiveness.
The country is comprised of two large islands, the North Island and South Island. Wellington, New Zealand’s capital, and Auckland, its largest city, are both located on North Island.
New Zealand is 1,700 km from its nearest large neighbour, Australia. The country has a Closer Economic Relations Trade Agreement (ANZCERTA) with Australia – this allows for free trade of most goods and services. Around 20% of New Zealand’s exports are destined for the Australian market. The country’s second largest trading partner is China.
Traditionally dependent on wool, milk and meat, New Zealand has succeeded in diversifying its exports in recent decades. Key manufacturing industries include metallurgy – principally aluminium production – food processing and wood products. Exports are dominated by the primary sector, fruit, wine, crude oil and gold.
HLB offices in New Zealand provide a wide range of services to and have strong relationship throughout the Australasian region and beyond.