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

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GDP USD212.48bn (World ranking 48, World Bank 2020)
Population 5.08mn (World ranking 121, World Bank 2020)
Form of state Parliamentary Democracy (Commonwealth)
Head of government Jacinda Ardern (PM)
Next elections 2024, 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, 2020)

Exports Rank Imports
China 27.8%
1
22.4% China
Australia 13.6%
2
12.1% Australia
United States 10.9%
3
9.7% United States
Japan 6.0%
4
5.7% Japan
Korea, Republic of 2.9%
5
4.9% Korea, Republic of

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Dairy products and birds' eggs 26.6%
1
10.9% Road vehicles
Meat and meat preparations 14.0%
2
8.7% Petroleum, petroleum products and related materials
Vegetables and fruits 8.1%
3
4.9% Electrical machinery, apparatus and appliances, n.e.s.
Cork and wood 6.8%
4
4.9% Miscellaneous manufactured articles, n.e.s.
Miscellaneous edible products and preparations 5.9%
5
4.7% Other industrial machinery and parts
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.

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