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New Zealand Facts And Figures

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Facts About New Zealand

 
Information Type New Zealand Data
Population 4,822,223 (June 2020 est.)
Gross Domestic Product (GDP) US$219 billion (2020 est.)
GDP Per Capita  US$38,900 (2020)
Inflation Rate 1.22% (2020)
Currency New Zealand Dollar (NZD)
Exchange Rate Versus U.S. Dollar 1.53 New Zealand dollars = 1 U.S. dollar (June 2020)
Languages English (official), Maori (official), Sign Language (official)
Capital Wellington
Population of Capital City  414,818 (2020)
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 of Current Leader 2Prime Minister Jacinda Ardern (Since 2017)
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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​Learn more about ​NEW ZEALAND ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​The ​10 Best Places To Retire In 2022