IMD World Competitiveness Booklet 2020
COMPETITIVENESS TRENDS - OVERALL NEW ZEALAND
OVERALL PERFORMANCE (63 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Wellington
2016 2017 2018 2019 2020
268 2019
1.518 2019 5.04 2019 204.9 2019 41,442 2019 2.2 2019 1.62 2019 4.08 2019 2.75 2019 -2.91 2019 74.8 2018 1.93 2019
16
16
Exchange Rate (per $)
21
22
23
52
Population - market size (millions)
CHALLENGES IN 2020 Maximising the opportunity to grow export earnings from primary production. • Maximising the opportunity to grow export earnings from primary production. • Sustaining the ease of doing business amid tighter regulations. • Increasing the tax base to fund recovery without undue economic stress. • Creatively addressing skills shortages amidst projected zero net migration. • Overcoming tourism ‘crash’: 6% of GDP and 8.4% of workforce.
46
Gross Domestic Product (GDP) (US$ billions)
27
GDP (PPP) per capita (US$)
30
Real GDP growth (%)
27
Consumer price inflation (%)
23
Unemployment rate (%)
49
Labor force (millions)
54
Current account balance (% of GDP)
47
Direct investment stocks inward ($bn)
Kerridge & Partners, Auckland Provi d by: Kerridge & Partners, Auckland
38
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
8 8
9
13
13
19
19
22
22
23
24
24
29
31
39
39
40
43 46
49
PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)
POPULATIONS < 20 MILLION (34 countries)
2016 2017 2018 2019 2020
2016 2017 2018 2019 2020
4
4
6
6
12
12
7
15
15
15
92
IMD WORLD COMPETITIVENESS BOOKLET 2020
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