(MoneyNewsWire.Net, May 08, 2018 ) Services remains the major sector accounting for 71.7% of New Zealand’s economy. Services are followed by mining, manufacturing and utilities which account for 16.8% of the economy in 2017.
Auckland, Wellington and Canterbury contributes total of 58% of the total New Zealand’s population. Auckland remains the most economically active region of the country.
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Scope
- The overall NZX 50 index exhibits an upward trend over the last one year with an annual growth of 17.1%. As of 22nd February 2018, it stood at 8,267.9. - FDI inflows recovered in 2016 with improvement in macroeconomic outlook. Australia remains major provider of FDI inflows accounting for 29.7% of the total FDI stocks in the country. - The NZ government announced Ten Year Capital Intentions Plan (CIP) in 2016. This includes a pipeline of US$100.9 bn (3,823 projects) worth of infrastructure projects over the next decade. Projects are distributed among central government (219 projects worth US$40.9 bn), local government (3,559 projects worth $51.1 bn) and private (45 projects worth US$9.2 bn).
Reasons to buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. - PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations. - Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. - This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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