A: New Zealand lies on the geographical coordinates of 41° 0' 0" S, 174° 0' 0" E.

Latitude and Longitude of New Zealand in other units:

More detail about New Zealand

New Zealand Economy Based on Exports

New Zealand has a great reputation from its exports and has based its economy on this industry. The country is beautiful with the capacity for producing many types of food products. They have a very productive and efficient agricultural system in place that tends to make the most of the land and of the skilled workers. The most common exports in the agricultural industry include forest products, meat and dairy products, as well as fish, vegetables and wool.

New Zealand has great hydroelectric power and natural gas reserves. There has been some recent exploration with the natural gases in areas between Australia and New Zealand. This is a long term project and is expected to see over three percent growth rate by 2020.

They have various manufacturing processes that they are heavily involved with. The leading ones are those pertaining to the food industry, wood products, paper products, and metal fabrication. They also have service industries adding revenue to the economy from the business, finance and insurance sectors. These actually contribute a large chunk of the income to the government.

New Zealand is one of the most open economies in the world. This is mainly because of various regulations that were put into place since 1984. The government subsidies for agriculture were taken away and the regulations concerning imports were freed up. There were drops in the tariffs and the taxes as well as wages were controlled to a higher level. This restructuring led to an overhaul of the system but made it much better and created more opportunities for growth.

There was a slump in the economy during the recession but they have started their time of recovery. They predict a slow growth in the short term but they do expect that this will change and will be caused by their export industry.