Skip to main content

New Zealand, a land of service sector is the largest sector, manufacturing and construction, farming and raw material



Numerous opportunities are available for who wants to seize them. New Zealand is a mature market of + 4 million consumers capable to consume services.
New Zealand's economy focused at different times on sealing, whaling, flax, gold, kauri gum, and native timber.

New Zealand has experienced a series of "brain drains" since the 1970s that still continue today.
New Zealand is heavily dependent on international trade, particularly in agricultural products.  New Zealand is vulnerable to international commodity prices and global economic slowdowns. 

Its major export partners are Australia, United States, Japan, China, and the United Kingdom. On 7 April 2008, New Zealand and China signed the New Zealand–China Free Trade Agreement, the first such agreement China has signed with a developed country.
The service sector is the largest sector in the economy, followed by manufacturing and construction and then farming and raw material extraction.

Tourism is also at the core of stakes; contributing nearly $12.9 billion to New Zealand's total GDP and supporting nearly 7.5% of the total workforce in 2016.
In 2015, renewable energy, primarily geothermal and hydroelectric power, generated 40.1% of New Zealand's gross energy supply. 

The provision of water supply and sanitation is generally of good quality. Regional authorities provide water abstraction, treatment and distribution infrastructure to most developed areas.

New Zealand's transport network comprises 94,000 kilometres (58,410 mi) of roads, including 199 kilometres (124 mi) of motorways, and 4,128 kilometres (2,565 mi) of railway lines. Most major cities and towns are linked by bus services, although the private car is the predominant mode of transport.

Chorus, which was split from Telecom in 2011, still owns the majority of the telecommunications infrastructure, but competition from other providers has increased. As of 2016, the United Nations International Telecommunication Union ranks New Zealand 13th in the development of information and communications infrastructure.

Comments

Popular posts from this blog

The path to success in today’s omni-channel market

Steadily, it is interesting to observe that , manufacturers and retailers plan to prioritize investment in big data and predictive analytics over the next years. In fact, companies are realizing that the path to success in today’s omni-channel market is to analyze and react to consumers’ preferences and behaviors, ultimately truly understanding how, why, and in which manner they wish to shop. On this momentum , data-driven technologies can help companies make more informed localized merchandising decisions that, in turn, enhance the shopping experience for the customer and improve the brand’s bottom line.

The business travel industry in U.S.

It is obvious that, Business travel matters, and it is a critical driver of the economy. For those who are unfamiliar, face to face interaction enabled by business travel remains a critical business tool. ‘ The U.S. Business Travel Economic Impact Report ,’ reveals business travel was responsible for about 3 percent ($547 billion) of U.S. GDP in 2016. One can also observe that , for every 1 percent change in business travel spending, the U.S. economy gains or loses 74,000 jobs, $5.5 billion in GDP, $3.3 billion in wages and $1.3 billion in taxes. The study found that , roughly half (48 percent) of U.S. business trips were taken for transient purposes (sales trips, client services, government and military travel and travel for construction or repair), while 28 percent were taken for group travel purposes. The remaining 25 percent of trips were taken for a combination of business and leisure. A personal car or truck (35 percent) was the most popular mode of transportati...

Financial Malware Continues to Thrive in our ever-connected era

Scrutinizing, data from the IBM X-Force Threat Intelligence Index , I can observe that,  Cybercriminals sharpened their focus on business bank accounts by using malware such as Dridex, Neverquest, GozNym and TrickBot to target business banking services. IBM X-Force researchers recently identified TrickBot malware campaigns targeting the less common brands in the industry, like private banks, wealth management,  and high value account types, indicating this ambitious malware gang plans on attacking in new territory.