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.
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