NEW ZEALAND

Sustained momentum

AA1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

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GDP USD206.9bn (World ranking 52, World Bank 2019)
Population 4.9mn (World ranking 123, World Bank 2019)
Form of state Parliamentary Democracy (Commonwealth)
Head of government Jacinda Ardern (PM)
Next elections 2020, general elections
  • Strong economic growth
  • Sound public finances
  • Proximity to Asian markets
  • Favorable demographics
  • The tourism industry
  • Shortage of skilled workers
  • Dependence on agricultural exports
  • High level of household debt
  • Large external debt
  • Vulnerability to natural disasters

Trade structure by destination/origin

(% of total)

Exports Rank Imports
China 19%
1
20% China
Australia 17%
2
13% Australia
United States 11%
3
11% United States
Japan 6%
4
7% Japan
Korea, Republic of 3%
5
5% Germany

Trade structure by product

(% of total)

Exports Rank Imports
Dairy products and birds' eggs 23%
1
14% Road vehicles
Meat and meat preparations 13%
2
9% Petroleum, petroleum products and related materials
Cork and wood 7%
3
5% Miscellaneous manufactured articles, n.e.s.
Vegetables and fruits 7%
4
5% Other industrial machinery and parts
Miscellaneous edible products and preparations 4%
5
4% Electrical machinery, apparatus and appliances, n.e.s.
Late payments in New Zealand are not regulated, meaning that interest and collection costs would essentially depend on the court.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

 

Courts are fairly efficient in delivering timely decisions, however favoring amicable and pre-legal methods are always advisable. In fact, this is advised as soon as possible, since the risk of the debtor becoming insolvent will impact the chances of recovering the debt over time.

Contact

Contact Euler Hermes

Economic Research Team

research@eulerhermes.com

Contact Georges Dib

Economist for Latin America, Spain and Portugal

georges.dib@eulerhermes.com

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