IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL NEW ZEALAND

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Wellington

2017 2018 2019 2020 2021

268 2020

1.542 2020 5.09 2020 208.8 2020 42,016 2020 -3.8 2020 1.72 2020 4.60 2020 2.86 2020 -1.09 2020 81.3 2019 1.40 2019

16

Exchange Rate (per $)

20

21

22

23

52

Population - market size (millions)

CHALLENGES IN 2021 Challenges of shifting to a low carbon economy, especially in the primary sector and tourism. • Challenges of shifting to a low carbon economy, especially in the primary sector and tourism. • Sustaining the ease of doing business amid tighter regulations. • How do we keep onside of trade partners as the world becomes more separatist? • Housing affordability – a class divide is emerging which may spur inter-generational inequities. • Overall low levels of labour productivity.

44

Gross Domestic Product (GDP) (US$ billions)

26

GDP (PPP) per capita (US$)

25

Real GDP growth (%)

39

Consumer price inflation (%)

18

Unemployment rate (%)

48

Labor force (millions)

48

Current account balance (% of GDP)

47

Direct investment stocks inward ($bn)

Kerridge & Partners, Auckland Provi d by: Kerridge & Partners, Auckland

47

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

10 9 8

11

11

11

15

18

19

21

25

26

27

27

29

31

38

41

42

46

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

4

5

6

6

12

7

14

15

15

15

91

IMD WORLD COMPETITIVENESS BOOKLET 2021