![]() ![]() Main article: Economic history of New Zealand Agriculture (especially dairy farming – such as for the Fonterra plant shown) is a major export earner An aerial view of the Kinleith Mill. The New Zealand dollar is the 10th-most traded currency in the world. New Zealand's currency, the New Zealand dollar (informally known as the "Kiwi dollar"), also circulates in four Pacific Island territories. As of February 2023, NZX had a total of 338 listed securities, equity, debt and funds with a combined market capitalisation of NZD $226 billion. The major capital market is the New Zealand Exchange (NZX). The information technology sector is growing rapidly. The primary sector continues to dominate New Zealand's exports, despite accounting for only 6.5% of GDP as of 2013. Mining, manufacturing, electricity, gas, water, and waste services accounted for 16.5% of GDP as of 2013. Large-scale manufacturing industries include aluminium production, food processing, metal fabrication, wood and paper products. New Zealand's diverse economy has a sizable service sector, accounting for 63% of all GDP activity as of 2013. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. The country has one of the most globalised economies and depends greatly on international trade, mainly with Australia, China, the European Union, Japan, Singapore, South Korea, and the United States. New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 62nd-largest in the world when measured by purchasing power parity (PPP). ![]() The economy of New Zealand is a highly developed free-market economy. All values, unless otherwise stated, are in US dollars. ![]()
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