Charts on the NZ Economy 214 These charts were prepared by Susanna McLaren. They were updated and adapted from earlier versions used by Sir Roderick Deane in a number of speeches. Susanna benefitted from a Victoria University of Wellington Summer Scholarship during the summer of 214-15. The project was supervised by Associate Professors Jane Bryson and Urs Daellenbach, of the VUW School of Management, and Sir Roderick Deane. The charts were completed in February 215.
NZ GDP per capita 6 percentage change (%) 5 4 3 2 1-1 Annual percentage change (bars) 197 1974 1978 1982 1986 199 1994 1998 22 26 21 214 218 Three year moving average (line) Forecast -2-3 -4 Source: Statistics NZ; Treasury
5 1 15 2 25 197 1971 1972 1973 1974 1975 1976 1977 1978 1979 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 Rank NZ GDP PER CAPITA RANK Source: OECD
1 OECD PER CAPITA RANK 212 9 GDP per capita ($US, current prices) 8 7 6 5 4 3 2 1 Luxembourg Norway Switzerland United States Australia Austria Ireland Netherlands Sweden Denmark Germany Canada Belgium Finland Iceland OECD France United Kingdom Japan Italy New Zealand Spain Korea Israel Slovenia Czech Republic Slovak Republic Portugal Greece Estonia Poland Hungary Chile Mexico China Source: OECD Country
8,. NZ vs AUSTRALIA GDP PER CAPITA 7,. Australia GSP per capita ($US, current prices) 6,. 5,. 4,. 3,. 2,. New Zealand 1,.. Source: IMF 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 219
14 Growth rate needed to catch up to Australia GDP per capita (USD) 12 1 8 6 Australia's average growth has been approximately 6.1 since 198. If this rate continues then New Zealand growth will need to be approximately 1.2% in order to catch up to Australia. 4 2 198 1985 199 1995 2 25 21 215 22 225 Source: IMF
14 12 Consumer Price Index Forecast 1 8 CPI 6 4 2 198Q1 1981Q1 1982Q1 1983Q1 1984Q1 1985Q1 1986Q1 1987Q1 1988Q1 1989Q1 199Q1 1991Q1 1992Q1 1993Q1 1994Q1 1995Q1 1996Q1 1997Q1 1998Q1 1999Q1 2Q1 21Q1 22Q1 23Q1 24Q1 25Q1 26Q1 27Q1 28Q1 29Q1 21Q1 211Q1 212Q1 213Q1 214Q1 215Q1 (f) 216Q1 (f) 217Q1 (f) Source: Statistics NZ; ANZ
1 CPI Inflation Quarterly Percentage Change 8 6 Quarterly % change 4 2 Forecast -2 198Q1 1981Q1 1982Q1 1983Q1 1984Q1 1985Q1 1986Q1 1987Q1 1988Q1 1989Q1 199Q1 1991Q1 1992Q1 1993Q1 1994Q1 1995Q1 1996Q1 1997Q1 1998Q1 1999Q1 2Q1 21Q1 22Q1 23Q1 24Q1 25Q1 26Q1 27Q1 28Q1 29Q1 21Q1 211Q1 212Q1 213Q1 214Q1 215Q1 (f) 216Q1 (f) 217Q1 (f) Source: Statistics NZ; ANZ
12. Unemployment rate 1. Umeployment rate (%) 8. 6. 4. Forecast 2.. 1974 1975 1976 1977 1978 1979 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 (f) 216 (f) Source: RBNZ; ANZ
. 5. 1. 15. 2. 25. 3. 35. Jan 86 Jan 87 Jan 88 Jan 89 Jan 9 Jan 91 Jan 92 Jan 93 Jan 94 Jan 95 Jan 96 Jan 97 Jan 98 Jan 99 Jan Jan 1 Jan 2 Jan 3 Jan 4 Jan 5 Jan 6 Jan 7 Jan 8 Jan 9 Jan 1 Jan 11 Jan 12 Jan 13 Jan 14 Index World Price Index Source: ANZ
Terms of Trade 15 Forecast 14 13 12 11 Index 1 9 8 7 6 197 198 199 2 21 Source: Statistics NZ; ANZ
14 Traded vs. Non-Traded goods Non- Traded goods 12 Index (Base year =26) 1 8 6 Traded goods 4 2 Source: Statistics NZ
145 14 Multi-factor Productivity Growth Reform Retreat 135 13 125 Index 12 115 11 Pre-reform Period Post-reform Period 15 1 95 9 1978 198 1982 1984 1986 1988 199 1992 1994 1996 1998 2 22 24 26 28 21 212 Source: Statistics NZ
6 Growth rate of Multi-Factor Productivity 5 4 % change 3 2 1 Annual percentage change (bars) Three year moving average (line) -1-2 -3-4 Source: Statistics NZ
6 Phases of multi-factor productivity growth 5 4 3 2 % change 1-1 -2-3 -4 Source: Statistics NZ
Average multifactor productivity growth (%) 1978-212 Labour and multifactor productivity by Industry Transport, Postal and Warehousing Agriculture, Forestry and Fishing 1 Financial and Insurance Services.5 Wholesale Trade Service industries Information and communication technology Manufacturing intensive industries Electricity, Gas, Water and Retail Trade Construction Waste Services -2-1 1 2 Mining3 4 5 6 Accommodation and Food Services 3.5 3 2.5 2 1.5 -.5-1 -1.5 Primary industries Information Media and Telecommunication Source: Statistics NZ -2 Average labour productivity growth (%) 1978-212
Total Investment (as percentage of GDP) 3 25 Forecast 2 Investment (% of GDP) 15 1 5 198 1984 1988 1992 1996 2 24 28 212 216 Source: IMF
25 NZ Investment Growth 2 15 1 Annual percentage change (bars) Three year moving average (line) % change 5 1971 1974 1977 198 1983 1986 1989 1992 1995 1998 21 24 27 21 213-5 -1-15 -2 Source: OECD
Investment (Gross fixed capital formation) annual growth 25 2 15 GFCF annual growth (%) 1 5-5 197 1974 1978 1982 1986 199 1994 1998 22 26 21 Australia New Zealand -1-15 -2 Source: OECD
7, 6, Net Capital Stock Annual percentage change (RHS) 4 3.5 5, 3 Value ($m) 4, 3, Annual Value (LHS) 2.5 2 1.5 % change 2, 1 1,.5 Source: Statistics NZ
Source: Statistics NZ -5 5 1 15 2 25 3 35 4 1, 2, 3, 4, 5, 6, 7, 1972 1973 1974 1975 1976 1977 1978 1979 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 % change Value ($m) Capital Investment Annual Value (LHS) Annual percentage change (RHS)
1. Economic Freedom Index 9. 8. Index 7. 6. 5. 198 2 24 28 212 Source: Frazer Institute
Economic Freedom Index 83 8.8 82 8.6 8.4 81 Heritage Foundation Index 8 79 Heritage Foundation Economic Freedom Index (LHS) Frazer Institute Economic Freedom Index (RHS) 8.2 8. 7.8 7.6 Frazer Institute Index 78 7.4 77 7.2 76 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 7. Source: Frazer Institute; The Heritage Foundation
16, 214 Top 1 NZ export commodities 14, 12, 1, NZ$ Millions 8, 6, 4, 2, Milk powder, butter, and cheese Meat and edible offal Logs, wood, and wood articles Crude oil Machinery Beverages Fruits and nuts Commodity Fish Aluminoids, starches and glues Electrical machinery and equipment Cereal preparations Source: NZ Trade and Enterprise
NZ Export Value 6 5 5 4 Annual percentage change (RHS) Annual Value (LHS) 4 3 Value ($m) 3 2 1 % change 2 1-1 196 1964 1968 1972 1976 198 1984 1988 1992 1996 2 24 28 212-2 Source: Statistics NZ
Principal Export Values 18,, 16,, 14,, Milk Powder, Butter and Cheese Value ($NZ Thousands) 12,, 1,, 8,, 6,, Total Meat and Edible Offal 4,, Logs, Wood and Wood Articles 2,, Machinery and Mechanical Appliances 199 2 21 Source: Statistics NZ
Current account balance 1972 1973 1974 1975 1976 1977 1978 1979 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218-2 Current Account Balance ($NZ Millions) -4-6 -8-1 -12-14 -16-18 Source: Statistics NZ; Treasury Forecast
15 Current account balances of OECD nations 213 1 Current Account Balance (% GDP) 5-5 Turkey United Kingdom Chile New Zealand Australia United States Mexico Belgium Poland Czech Republic France Estonia Finland Portugal Japan Spain Italy Greece Slovak Republic Israel Austria Hungary Iceland Korea Luxembourg Slovenia Ireland Sweden Denmark Germany Netherlands Norway Switzerland -1 Source: OECD Country
Current Account Balance (% of GDP) 1 199 1992 1994 1996 1998 2 22 24 26 28 21 212-1 Current Account Balance (% GDP) -2-3 -4-5 -6 Australia New Zealand United Kingdom United States -7-8 -9 Source: OECD
3, NZ Overseas Debt 16. 25, Total debt as % of GDP (RHS) 14. 12. 2, 1. $NZ MIllion 15, 8. % of GDP 1, Total debt value (LHS) 6. 4. 5, 2. Source: RBNZ Mar. 1993 Sep. 1993 Mar. 1994 Sep. 1994 Mar. 1995 Sep. 1995 Mar. 1996 Sep. 1996 Mar. 1997 Mar. 1999 Jun. 2 Dec. 2 Jun. 21 Dec. 21 Jun. 22 Dec. 22 Jun. 23 Dec. 23 Jun. 24 Dec. 24 Jun. 25 Dec. 25 Jun. 26 Dec. 26 Jun. 27 Dec. 27 Jun. 28 Dec. 28 Jun. 29 Dec. 29 Jun. 21 Dec. 21 Jun. 211 Dec. 211 Jun. 212 Dec. 212.
Net External Liability 1. 2. 9. 8. Annual % change (RHS) 15. % of GDP 7. 6. 5. 4. Net External Liability % of GDP (LHS) 1. 5. annual % change 3.. 2. -5. 1.. 197 1972 1974 1976 1978 198 1982 1984 1992 1997 1999 21 23 25 27 29-1. Source: RBNZ
16. International debt issues to GDP (%) 14. 12. 1. % of GDP 8. 6. Australia New Zealand United Kingdom United States 4. 2.. 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 Source: The World Bank
45 Gross external debt positions 212 4 35 External debt (% of GDP) 3 25 2 15 1 Direct Investment Intercompany Other sectors Banks Monetary authorities General Government 5 Source: Treasury Country
.2 Net International Investment Position -.2 Mar-1 Aug-1 Jan-2 Jun-2 Nov-2 Apr-3 Sep-3 Feb-4 Jul-4 Dec-4 May-5 Oct-5 Mar-6 Aug-6 Jan-7 Jun-7 Nov-7 Apr-8 Sep-8 Feb-9 Jul-9 Dec-9 May-1 Oct-1 Mar-11 Aug-11 Jan-12 Jun-12 Nov-12 Apr-13 Sep-13 Feb-14 Jul-14 -.4 % of GDP -.6 -.8 Australia Ireland New Zealand United Kingdom -1-1.2-1.4 Source: RBNZ
External sector: Current account balance projections 199 1994 1998 22 26 21 214 218 222 226 23 234 238 242-1 -2-3 % of GDP -4-5 Australia New Zealand United Kingdom United States -6-7 -8-9 Source: The World Bank
9 Total Crown Operating Balance 8.% Forecast 6.% 4 4.% Total crown operating balance (LHS) 2.% -1 $NZ Million -6 As % of GDP (RHS).% -2.% % of GDP -4.% -11-6.% -16-8.% Source: Treasury
1. General Government Financial balance 5. % of nominal GDP. 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215-5. New Zealand Australia United Kingdom United States Total OECD -1. -15. Source: OECD
1 Gross Central Government Debt 8 9 8 Gross Central government debt as % of GDP(RHS) Forecast 7 6 7 Gross debt ($NZ billions) 6 5 4 Gross Governmen t debt ($b) (LHS) 5 4 3 Gross debt (% of GDP) 3 2 2 1 1 Source: IMF 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 219
16 Total Government Debt 14 12 % of GDP 1 8 6 Australia Greece Ireland Italy New Zealand Portugal Spain 4 2 Source: OECD 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21
6 Government total expenditure 5 expenditure (% of GDP) 4 3 2 Forecast 1 Source: IMF
Core Crown Expenses 25 2 15 Social security and welfare, GSF Millions ($) Health Education Core Government Services 1 Defence Transport and communications 5 1972 1976 198 1984 1988 1992 1996 2 24 28 212 Source: Treasury
Government expenditure 214 Social security and welfare and superannuation Health Education Core Government Services Defence Transport and communications Other Expenses Source: Treasury
Local Authority Expenditure and Debt 12 9 1 Debt (RHS) 8 7 8 6 Expenditure ($millions) 6 4 Expenditure (LHS) 5 4 3 Term debt ($millions) 2 2 1 2 21 22 23 24 25 26 27 28 29 21 211 212 213 Source: Statistics NZ
4 Hours worked per week 39.5 39 38.5 38 Hours 37.5 37 36.5 36 35.5 35 Source: Statistics NZ
14, General Government savings 12, 1, 8, 6, saving ($m) 4, 2, -2, -4, -6, Source: RBNZ
3. Gross national savings 25. % of nominal GDP 2. 15. 1. Australia New Zealand United Kingdom United States 5.. Source: OECD
4, Household saving 8. 3, 2, 1, Household saving value (LHS) 6. 4. savings ($m) -1, -2, -3, -4, 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 Household saving rate (RHS) 213 2.. -2. -4. Houshold saving rate (%) -6. -5, -6, -8. -7, Source: RBNZ -1.
15. Household saving rates 1. Net saving rate (%) 5.. 1996 1998 2 22 24 26 28 21 212 214 Australia New Zealand United States -5. -1. Source: OECD
House prices 2. 5. 18. 4. 16. 14. 12. Annual percentage change (RHS) House Prices (LHS) 3. 2. Index 1. 8. 1. % change 6.. 4. -1. 2.. -2. Source: RBNZ
7 Annual change in Private Consumption 6 5 4 % change 3 2 1 1996 1998 2 22 24 26 28 21 212 214-1 -2 Source: RBNZ
8 6 General Government Consumption Annual percentage change % change 4 2 3 year moving average 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214-2 -4 Source: RBNZ
Gross Disposable Income per Capita (NZD) Western Australia $55511 Northern Territory $5894 South Australia $44768 Queensland $45769 Tasmania $4411 New South Wales $48657 Victoria $42916 Australian Capital Territory $88418 New Zealand $35225 Source: Statistics NZ; Australian Bureau of Statistics
Migration to Australia 6, 5, 4, units 3, 2, 1, 1979 1983 1987 1991 1995 1999 23 27 211 Source: Statistics NZ
5, New Zealand Net Migration 4, 3, 2, People 1, -1, 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 21 23 25 27 29 211 213 Australia China India UK USA TOTAL -2, -3, -4, -5, Source: Statistics NZ
.95 Human Development Index 213.94.93.92.91 Index.9.89.88.87.86.85 Source: United Nations Country
9 Social Progress Index 214 88 86 84 Index 82 8 78 76 Source: Social Progress Imperative Country
Health Expenditure 18 16 14 expenditure (% of GDP) 12 1 8 6 Australia New Zealand United Kingdom United States Singapore 4 2 197 1974 1978 1982 1986 199 1994 1998 22 26 21 Source: OECD: The World Bank
1% Private vs. Public Health Expenditure 9% 8% 7% % of expenditue 6% 5% 4% 3% Private expenditure Public expenditure 2% 1% % Source: Ministry of Health
3 Welfare Expenditure 25 expenditure (% of GDP) 2 15 1 Australia New Zealand United Kingdom United States OECD - Total 5 198 1985 199 1995 2 25 29 21 211 212 213 214 Source: OECD
3 Public expenditure on disability and sickness benefits 2.5 expenditure (% of GDP) 2 1.5 1 Australia New Zealand United Kingdom United States OECD.5 198 1985 199 1995 2 29 21 211 Source: OECD
Income poverty (children under 18yrs) 35 3 rate (after housing costs, moving line 6%) 25 2 15 1 5 1988 1998 21 24 27 29 21 211 212 213 Source: Ministry of Social Development
Income equality.4.35.3 ratio of equality (= complete equality).25.2.15.1.5 1985 199 1995 2 23 28 29 211 Source: OECD
Public Sector employees 4, 35, 3, number of employees 25, 2, 15, 1, 5, 1989 1991 1993 1995 1997 1999 21 23 25 27 29 211 213 Source: Statistics NZ
8, Core Public Servants 7, 6, number of employees 5, 4, 3, 2, 1, 197 1971 1972 1973 1974 1975 1976 1977 1978 1979 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 Source: State Service Commission
4 Public vs. Private sector hourly earnings 35 Public Sector 3 Average hourly wage 25 2 15 Private Sector 1 5 1989 1992 1995 1998 21 24 27 21 213 Source: Statistics NZ
Growth in hourly earnings 8 7 6 Private Sector Public Sector 5 % change 4 3 2 1 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 Source: Statistics NZ
2, Numbers receiving Financial assistance 18, 16, 14, Unemployment benefit number of people 12, 1, 8, Sickness benefit 6, 4, 2, Source: Ministry of Social Development
18, Benefit Trends 16, 14, 12, number of people 1, 8, Unemployment benefit 6, 4, Sickness benefit 2, 2 21 22 23 24 25 26 27 28 29 21 211 212 Source: Ministry of Social Development
12 Benefit growth rates 1 Unemployment benefit 8 6 % change 4 2 Sickness benefit 2 21 22 23 24 25 26 27 28 29 21 211 212-2 -4 Source: Ministry of Social Development
12, Main Benefits of Working-age Clients 1, 8, people 6, 4, Unemployment Benefits Domestic Purposes Benefits Sickness Benefits Invalid s Benefit Other main benefits 2, 28 29 21 211 212 Source: Ministry of Social Development
NZ Benefits 16, 14, 12, number of people 1, 8, 6, Total Jobseeker Support Total Supported Living Payment Total Sole Parent Support 4, 2, Sep-9 Sep-1 Sep-11 Sep-12 Sep-13 Sep-14 Source: Ministry of Social Development
7, People receieving Superannuation 6, 5, number of people 4, 3, 2, 1, 194 1945 195 1955 196 1965 197 1975 198 1985 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 Source: Ministry of Social Development
Average Tax on Personal Income 25 2 Tax rate (%) 15 1 Australia New Zealand OECD - Average 5 198 1982 1984 1986 1988 199 1992 1994 1996 1998 2 22 24 26 28 21 212 Source: OECD
8 Average Tax on Corporate Income 7 6 Tax rate (%) 5 4 3 Australia New Zealand OECD - Average 2 1 198 1981 1982 1983 1984 1985 1986 1987 1988 1989 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 Source: OECD
NZ Tax rates 7 6 5 Highest marginal Income tax 4 Tax rate 3 Corporate 2 1 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 21 23 25 27 29 211 213 Source: OECD, IRD
.8 Total Inland Transport Infrastructure Investment.7.6 Investment (% of GDP).5.4.3.2.1 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 27 28 29 21 211 Source: OECD
3 Gross Domestic Spending on R & D 2.5 OECD expenditure (% of DGP) 2 1.5 1 New Zealand.5 1981 1983 1989 199 1991 1992 1993 1995 1997 1999 21 23 25 27 29 211 212 Source: OECD
Impacts of changes to regulations on business
Regulation key problem for SME s
16 Market capitalization of listed companies 14 12 1 % GDP 8 6 Australia New Zealand OECD members 4 2 Source: The World Bank
25 Stocks traded 2 15 % of GDP 1 Australia New Zealand OECD members 5 1988 199 1992 1994 1996 1998 2 22 24 26 28 21 212 Source: The World Bank
14. Capital ratio of registered banks 13. 12. Total capital ratio 11. 1. 9. 8. Jun 199 Jun 1992 Jun 1994 Jun 1996 Jun 1998 Jun 2 Jun 22 Jun 24 Jun 26 Jun 28 Jun 21 Jun 212 Jun 214 Source: RBNZ
3 Stock Market Return 2 1 % change 1993 1995 1997 1999 21 23 25 27 29 211 Australia New Zealand -1-2 -3 Source: The World Bank
Volatility of Stock Price Index 6. 5. 4. Index 3. 2. New Zealand Australia United Kingdom United States 1.. 1989 1991 1993 1995 1997 1999 21 23 25 27 29 211 Source: The World Bank
Asia Opportunities Asia Population World Population Source: World Population Statistics
25 213 Value of exports to China (NZ$) 2 Value (NZ $m) 15 1 5 Source: ANZ Sector
1% China's Share of Total Exports 213 9% 8% 7% 6% share (%) 5% 4% 3% 2% 1% % -1% Milk Powder Source: ANZ Logs Sheepmeat Wool Cray Pet food Malt Extract Sector Raw hides Con dential items Casein Sawn timber Butter Wood pulp
14. Central Bank Assets to GDP (%) 12. 1. % of GDP 8. 6. Australia New Zealand United Kingdom United States 4. 2.. 1961 1965 1969 1973 1977 1981 1985 1989 1993 1997 21 25 29 Source: The World Bank
Bank Private Credit to GDP (%) 2. 16. % of GDP 12. 8. New Zealand United Kingdom Australia United States 4.. Source: The World Bank
6, Purpose of NZ visitors 5, 4, Visitors 3, 2, Business Conventions/Conferences Education Holiday/Vacation Unspecified/Not Collected Other Visit Friends/Relatives 1, 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 Source: Statistics NZ
Tourism expenditure in NZ 25, 2, 15, $NZ Millions 1, 5, 1999 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214 Source: Statistics NZ
16 Annual change in Tourism Expenditure 14 12 1 8 % change 6 4 2 2 21 22 23 24 25 26 27 28 29 21 211 212 213 214-2 -4-6 Source: Statistics NZ
4 Sum of Total Visitor Arrivals 35 3 Forecast 25 Visitors 2 15 1 5 24 25 26 27 28 29 21 211 212 213 214 215 216 217 218 219 22 Source: Ministry of Business, Innovation and Employment
7,, Total Dairy Cattle 6,, 5,, number of cows 4,, 3,, 2,, 1,, 1971 1973 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1999 23 25 27 29 211 213 Source: Statistics NZ
Total dairy export value 2 18 16 14 Exports ($NZ Million) 12 1 8 6 4 2 29 21 211 212 213 214 215 216 Source: Ministry of Primary Industries
Source: Fonterra Fonterra s Global Market Share 213
Source: Fonterra Top Dairy Exporters 212
9 Dairy company payout on milk solids 8 7 6 $/kg 5 4 3 2 1 Source: DairyNZ
14 Annual Crude Oil, Condensate, Naphtha and Natural Gas Liquids Production by Field 12 Others Copper Moki Surrey Waihapa 1 TarikiAhuroa Cheal Gross PJ 8 6 4 Rimu Kowhai Mangahewa Kupe Ngatoro1 Turangi Mckee Maari 2 Tui Pohokura 1974 1978 1982 1986 199 1994 1998 22 26 21 Kapuni Exports Maui Source: Ministry of Business, Innovation and Employment
Renewable Percentage of New Zealand Total Primary Energy Supply by Fuel Type 45% 4% 35% 3% Percent 25% 2% Other Renewables Geothermal Hydro 15% 1% 5% % 199 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 21 22 23 24 25 26 Source: Ministry of Business, Innovation and Employment 27 28 29 21 211 212 213
3,5 NZ Film Industry Gross Revenue 3, 2,5 $NZ Million 2, 1,5 1, 5 25 26 27 28 29 21 211 Source: Ministry of Business, Innovation and Employment
Net Core Crown Debt