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New Zealand Facts And Figures

people enjoying a beach in queenstown new zealand

Facts About New Zealand

Population 4,438,393 (July 2015 est.)
Gross Domestic Product (GDP) $168.2 billion (2015 est.)
GDP Per Capita $36,200 (2015)
Inflation Rate 0.3% (2015)
Currency New Zealand Dollar (NZD)
Exchange Rate Versus U.S. Dollar 1.43 New Zealand dollars = 1 U.S. dollar (June 2016)
Languages English (official), Maori (official), Sign Language (official)
Capital Wellington
Population of Capital City 383,000 (2015)
Time Zone GMT plus 12
Seasons Maritime temperate: wet, cool winters, warm summers
International Dialing Code 64
Electricity 230V/ 50 Hz; Plug Type: I
System of Government Parliamentary Democracy, Common law system, based on english model.
Name and Party Affiliation
of Current Leader
Prime Minister John Key (Since November 2008) (New Zealand National Party)
Income Tax Rate for Residents 0% to 33%
Property Tax On land value only
Capital Gains Tax None, except for developers and agents
Inheritance Tax No
Rental Income Tax Taxed as regular income
Transfer Tax 0%
Sales Tax 12.5%
Restrictions on Foreign
Ownership of Property
Some restrictions on land ownership
Local Chamber of Commerce www.chamber.co.nz
100 Mayoral Drive
P.O. Box 47
Auckland 1001
Tel: +64 (09) 309 6100
American Chamber of Commerce www.amcham.co.nz
12-26 Swanson Street
Aucland Central 1001
Tel: +64 (09) 309 9140
Primary Exports Dairy products, meat, wood and wood products, fish, machinery
Residency and Visa Requirements Tourist Visa: automatic 90 days upon entry

Residency: student, work, working holiday visas; skilled migrant, business and investment, family, samoan quota, and refugee family support visas

Citizenship: possible after 5 years of residency

Special Benefits for Foreign Residents or Retirees None
National Airline Air New Zealand
www.airnewzealand.com

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