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Transcript of New Zealand
New Zealand has a market economy with a large focus on international trade. In recent years especially, New Zealand's economy has been booming as it begins to increase its involvement with manufacturing, but it is still built upon the industries of agriculture and tourism. Its currency is the New Zealand dollar (NZD$), and the country has had little problem with inflation. It has a GDP of 136 billion dollars.
New Zealand is a predominantly mountainous island with large coastal plains that is off of the southeast coast of Australia.
Among New Zealand's many environmental resources are iron ore, coal, timber, limestone, gold, natural gas, and especially hydropower.
New Zealand is renowned for its beautiful environment and lush land, and it has a very efficient and productive agricultural system. Meat, wool, wood products, dairy products, and fish are all major exports. Other agricultural products include wheat, barley, potatoes, pulses, fruits, and vegetables.
It is a huge tourist attraction, which brings in a sizable chunk of revenue every year. As far as manufacturing, it produces textiles, food processing, transportation equipment, and general machinery.
New Zealand has 123 airports, over 4,000 km of railways, 94,160 km of roadways, 6 major seaports, and a moderate system of pipelines for gases and oil. Technologically, the country has 1.88 million main telephone lines, 4.922 million mobile phones in use, and 3.026 internet hosts.
Being a 1st world country, New Zealand is a large consumer of oil and the like. It produces 43.54 billion kWh of electricity; over half of it comes from hydroelectric plants. It produces a little over 48,000 barrels of crude oil a day, and 4.59 billion cubic meters of natural gas a year, a modest amount when compared internationally.
New Zealand has a total labor force of 2.413 million people. It has an industrial growth rate of 1.9%, and a lowering unemployment rate of 6.4% percent. 7% of the labor force is in agriculture, 19% in industry, and 74% in services.
Its military expenditures are 1.13% of the GDP, and it has approximately 1 million males and 1 million females available for military service. However, it is not a heavily militarized country, and totals about 12,000 military personnel.
Chris Curd, P2
New Zealand is a parliamentary democracy. It is a member of United Nations, Organization for Economic Co-operation and Development, Commonwealth of Nations, Pacific Islands Forum and Asia-Pacific Economic Cooperation, and ANZUS.