New Zealand
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About New Zealand
New Zealand is a country located in Oceania in the South Pacific Ocean, southeast of Australia, covering an area of approximately 268,838 square kilometers. As of 2024, New Zealand has a population of about 5.16 million, with English as the de facto official language and Maori and New Zealand Sign Language as de jure official languages. The country is predominately mountainous with large coastal plains and a temperate climate with sharp regional contrasts. Wellington serves as the capital, and the government operates as a parliamentary constitutional monarchy.
New Zealand has a high-income, globally integrated economy with a GDP of $260.24 billion and a GDP per capita of $48,200, driven by agriculture, forestry, fishing, logs and wood articles, manufacturing, mining, construction, financial services, real estate services, and tourism. Key agricultural products include milk, beef, kiwifruit, apples, grapes, lamb and mutton, potatoes, wheat, barley, and chicken, while natural resources include natural gas, iron ore, sand, coal, timber, hydropower, gold, and limestone. The unemployment rate is 5.1% as of 2025, with a life expectancy of 82 years. New Zealand has a strong agricultural and tourism sector, though it faces challenges of fiscal deficits, below-average productivity, and cost of living pressures.
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Country Name
conventional short form: New Zealand
former: Nieuw Zeeland
abbreviation: NZ
etymology: the name is an anglicized form of the Dutch name Nieuw Zeeland, or "New Sea Land," which was first used in 1643 in honor of the Dutch province of Zeeland
Economy
Economic Overview
high-income, globally integrated Pacific island economy; strong agriculture, manufacturing, and tourism sectors; reliant on Chinese market for exports; recovery trajectory following deep post-pandemic recession; challenges of fiscal deficits, below-average productivity, cost of living, and drop in net migration
