Economy
Main article: Economy of New Zealand
New Zealand has a modern, developed economy. Its primary export industries are agriculture, horticulture, fishing and forestry. There is also a substantial tourism industry. The film and wine industries are considered to be up-and-coming.
Since 1984 successive governments have engaged in major economic restructuring, transforming New Zealand from a highly protectionist and regulated economy to a liberalised, free-trade economy. Despite periods of dynamic growth in the mid 1980s and early '90s, real incomes have declined from 1980 levels, and average yearly economic growth has been poorer than expected and is highly reliant on massive levels of immigration to boost GDP.
The current New Zealand government's economic objectives are centred around moving from being ranked among the lower end of the OECD countries to regaining a higher placing again, pursuing free-trade agreements, "closing the gaps" between ethnic groups, and building a "knowledge economy."
Unlike in previous decades, New Zealand has now contained inflationary pressures, meaning hyperinflation has been consigned to the past.
New Zealand is heavily dependent on trade—particularly in agricultural products—to drive growth, and it has been affected by global economic slowdowns and slumps in commodity prices. Since agricultural exports are highly sensitive to currency values and a large percentage of consumer goods are imported, any changes in the value of the New Zealand dollar has a strong impact on the economy.
During the late 1980s, the New Zealand Government sold a number of major trading enterprises, including, amongst others, its telephone company, railway system, a number of radio stations and two banks in a series of asset sales. Although the New Zealand Government continues to own a number of significant businesses, collectively known as State-Owned Enterprises (SOEs), they are operated through arms-length shareholding arrangements as stand alone businesses that are required to operate profitably, just like any privately owned enterprise. Various items of protective legislation establishes business objectives yet prevents shareholding governments from having influence over day to day operations of the business. Postal services, electricity companies, radio and television broadcasters, as well as hospitals and other trading enterprises are established in this way. The core State Service consists of government departments and ministries that primarily provide government administration, policy advice, law enforcement, and social services.
Demographics
Main article: Demographics of New Zealand
About 80% of the New Zealand population is of European descent. These people are often known in New Zealand as Pakeha. Maori people are the second largest ethnic group (14.7%). Between the 1996 and 2001 census, people of Asian origin (6.6%) overtook Pacific Islanders (6.5%) as the third largest ethnic group. Note that the census allowed multiple affiliations. Maori culture is a significant feature of New Zealand's public life.
The main Christian denominations are Anglicanism, Presbyterianism, Roman Catholicism and Methodism. Over a third of the population is unaffiliated.
Culture
Main articles: Culture of New Zealand, Culture of the Maori
See also: New Zealand English, New Zealand cinema, New Zealand literature, Music of New Zealand, Iwi
Public Holidays