New Zealand's Radical Reforms

Observer 205, April/May 1997
In a little over a decade the New Zealand economy, once characterised by a high degree of interventionism, has been radically transformed. There has been a dramatic improvement in economic performance in recent years. The New Zealand experience offers a rich array of ideas for other countries re-examining their own economic and social arrangements, although the transferability of these ideas will depend on the ability of these countries to adapt them to their own social and political context.
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Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.6% September 2019 annual
Trade: -1.9% exp, -0.9% imp, Q2 2019
Unemployment: 5.2% September 2019
Last update: 18 November 2019

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