New Zealand: Recent Economic Developments

February 20, 1996

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Format: Chicago

New Zealand: Recent Economic Developments, (USA: International Monetary Fund, 1996) accessed September 19, 2024

Summary

This paper reviews economic developments in New Zealand during 1992–95. According to the production measure, growth began to pick up in the middle of 1991, rising to about 3 percent in 1992/93, before jumping to nearly 6 percent in each of 1993/94 and 1994/95. Although export performance remained strong, the net contribution of the external balance turned negative in 1992/93–1994/95, as imports of capital goods surged in line with the expansion of investment. Gross fixed capital formation increased by 23 percent in real terms in 1994/95.

Subject: Banking, Currencies, Exchange rates, Exports, Foreign exchange, Inflation, International trade, Money, Prices, Public debt

Keywords: Asia and Pacific, CR, Currencies, East Asia, Exchange rate, Exchange rates, Exports, Foreign currency, Headline inflation, Inflation, ISCR, Labor market, Monetary policy, New Zealand dollar, Private sector, Real GDP, South Asia

Publication Details

Pages:

108
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/014
Stock No:

1NZLEA0011996
ISBN:

9781451830132
ISSN:

1934-7685

Notes

This paper on recent economic developments in New Zealand was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of New Zealand or the Executive Board of the IMF. In releasing this document for public use, confidential material has been removed at the request of the member.

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