IMF Staff Country Reports

New Zealand: Selected Issues

May 26, 2025

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Format: Chicago

International Monetary Fund. Asia and Pacific Dept "New Zealand: Selected Issues", IMF Staff Country Reports 2025, 115 (2025), accessed November 7, 2025, https://doi.org/10.5089/9798229011716.002

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Summary

This Selected Issues paper explores New Zealand’s productivity growth in a cross-country perspective, reflects on business dynamism in New Zealand and its implications for productivity, and considers some of the factors shaping the costs and incentives for investment and innovation toward a more productive economy. The paper evaluates trends in productivity growth in New Zealand and peer advanced economies in recent decades, both on aggregate and at the sector level. Additionally, it also considers drivers of productivity growth and the interplay of capital and labor inputs. The paper also evaluates business dynamism in New Zealand relative to peers, with a focus on the experience of young, high-growth firms with the potential to make meaningful contributions to productivity growth. The availability and range of financing options for New Zealand’s firms are also discussed along with considering impediments to business dynamism and productivity growth that emerge from regulatory frameworks, the pace of innovation and technological diffusion, and infrastructure gaps. The paper also provides some policy recommendations to address the obstacles to productivity growth identified.

Subject: Capital productivity, Competition, Financial markets, Labor productivity, Production, Productivity

Keywords: A. productivity growth, C. financing availability, Capital productivity, Competition, Europe, Global, Growth firm, Labor productivity, New Zealand's gazelle, Productivity, Productivity challenge

Publication Details

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