Monthly Archives December 2015

New Zealand Labour Force Set to Grow

December 17, 2015 New Zealand Taxation

New Zealand taxNew Zealand’s labour force will continue to grow, as more and more people work past retirement age.

The New Zealand labour force is set to see a sizable boost in the next two decades, but the growth rate will decrease over the long-term, according to new information released by Statistics New Zealand on December 17th.

The high levels of migration and the fact that a greater number of Kiwis are working to an older age means that in the short term the labour force will strong upwards pressure.

Currently, the approximate size of the labour force is estimated to be 2.5 million people, although this will rise to 2.7 million in 2023, and 2.9 million by the mid-2030s.

Over the long-term the growth is likely to be reined in, reaching 3.1 million around 2050, and 3.2 million in the 2060s.

It was n...

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New Zealand Sees Trade Surplus

December 2, 2015 New Zealand Finance

Dairy exports and travel exports have led the way for New Zealand to see a trade surplus.

According to new information released by Statistics New Zealand on December 2nd, the country saw a NZD 3.3 billion trade surplus for the year ended September 2015.

The total exports for the period totalled approximately NZD 69.0 billion, while the total imports for the time were NZD 66.3 billion.

The top export destinations for New Zealand were Australia and China, with NZD 12.9 billion and NZD 10.7 billion worth of goods and services being exported.

The primary sources for imports were the EU and Australia, totalling NZD 11.8 billion, and NZD 11.3 billion respectively.

Dairy and travel exports were the highest grossing export sectors, seeing a total of NZD 11.8 billion and NZD 9...

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