New Zealand Economy and Industries

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Presentation transcript:

New Zealand Economy and Industries Scott Bell and Alex Tritz

Economy Then Traditionally depended on exports from agriculture Restructuring in the 1990s reduced the government’s role in economy and released some debt In 20th Century switched from a state-controlled economy to a more market-oriented one Depend on dairy, meat, wool etc

Economy Now Manufacturing is the main employment- twice as many as agriculture Financial, insurance and business services are a big part of the economy Tourism is the fastest growing sector of the economy Gross Domestic Product (GDP) is $17,700 USD GDP measures the national output for a country’s economy Total market value for goods and services produced in a calendar year Now one of the most open economies in the world

Economy Now (Cont.) Australia is the largest trading partner with New Zealand Free trading United States is the second-largest 13% of all imports are from the US Also trades with Japan, United Kingdom, People’s Republic of China and the Republic of Korea

Economy

Industries Agriculture Dairy Industry Wine Tourism Filmmaking Sports Research

Agriculture Important for exports Dairy 1/6 of New Zealand’s exports are from a dairy cow Over 4 million dairy cows Sheep Used to make up 1/3 of exports Used to be said that New Zealand had 20 times more sheep than humans Cattle Much of it is used for American hamburgers Deer, goats and pigs Poultry Bees Crops Fruits and Vegetables Vineyards Cows- mostly in the North Island Sheep- wool used mainly for carpets. Also use the meat. More in the south island Bee farms- healing honey Crops- wheat and barley Fruits and Vegetables- Kiwi and Apples

Dairy Industry New Zealand’s biggest export earner All-grass farming Large-scale processing High research and development Milk powders, butter, cheese, ice cream

Dairy Industry

Wine Industry Good soil, climate and water for vineyards New Zealand Sauvignon Blanc is most famous Maritime climate Most vineyards on the coast Sun warms during the day and ocean breezes cool at night Gives wine a distinct taste Amount of vineyards doubled in the 90s which increased the exports

New Zealand Sports Major Sports Minor Sports National Sport: Rugby Cricket Netball (similar to basketball) Soccer Minor Sports Golf Tennis Rowing Sailing Skiing Snowboarding National Sport: Rugby Netball - top female sport in New Zealand

All Blacks New Zealand National Rugby Team Ranked 1st in the world Named after their all black jerseys Home matches are played at the Super 14 teams’ stadiums

All Blacks Perform traditional Māori dance called the Haka Begin each match with this dance Tradition began in 1884 Different Haka dances performed over years 2005 controversy - Kapa o Pango http://www.youtube.com/watch?v=rM5pihoTgIQ

Super 14 5 New Zealand teams compete Blues Chiefs Crusaders Eden Park, Auckland (45,500) Chiefs Waikato Stadium, Hamilton (30,000) Crusaders AMI Stadium, Christchurch (40,000) Highlanders Carisbrook, Dunedin (38,500) Hurricanes Westpac Stadium, Wellington (40,000)

Film Making Films TV Shows King Kong Chronicles of Narnia: The Lion, The Witch and the Wardrobe The Last Samurai Lord of the Rings trilogy TV Shows Xena: Warrior Princess Hercules: The Legendary Journeys

Film Making High Cost for production Fewer local productions In 2003 the New Zealand government receives a 12.5% rebate for all international productions over $10.25 million (U.S.) Supports local films

Trade Relations Top trade exports by country Australia 19.6% USA 14.3% Japan 11.4% Closer Economics Relations (CER) Free trade in goods and most services with Australia EU - European Nations ASEAN – Association of South East Asian Nations

Trade Relations Top imports by country Australia 28.6% Japan 10.7% USA 10% China 6.6% EU - European Nations ASEAN – Association of South East Asian Nations

Trade Relations Top Export Products Major Exporter of Aluminum Dairy Meat Wood/Forestry Products Fish Major Exporter of Aluminum One of the largest industries in the New Zealand nation Top Import Products Machinery Vehicles Oil & Fuels Electronics Tiwai Point Aluminum Smelter located on the southern point of the South Island

References www.sparc.org.nz/research_policy/participation-in-sport www.allblacks.com http://www.youtube.com/watch?v=rM5pihoTgIQ www.super14.com www.newzealander.com/hollywood%20moves%20to%20newzealand.htm www.mfat.govt.nz http://www.nzwine.com/intro/- Wine Industry http://www.marketnewzealand.com/MNZ/aboutNZ/sectors/14713.aspx- Dairy Industry http://www.teara.govt.nz/NewZealandInBrief/Economy/2/en- Economy