The economy of New Zealand is a highly developed free-market economy. It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 62nd-largest in the world when measured by purchasing power parity (PPP). New Zealand has a large GDP for its population of 5 million,and sources of revenue are spread throughout the large island nation. The country has one of the most globalised economies and depends greatly on international trade,mainly with Australia,China,the European Union,Japan,Singapore,South Korea,and the United States. New Zealand's 1983 Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia.
The Reserve Bank of New Zealand is the central bank of New Zealand. It was established in 1934 and is currently constituted under the Reserve Bank of New Zealand Act 2021. The governor of the Reserve Bank,currently Adrian Orr,is responsible for New Zealand's currency and operating monetary policy.
Richard John Hubbard is a New Zealand businessman and politician,founder and former principal of Hubbard Foods in Auckland,and mayor of Auckland City from 2004 to 2007. He was elected mayor of Auckland City on 9 October 2004,succeeding John Banks,who in turn succeeded Hubbard as mayor on 13 October 2007.
Sir David Cunningham Carter is a New Zealand National Party politician who served as the 29th Speaker of the New Zealand House of Representatives from 2013 to 2017 and as a Cabinet Minister in the Fourth and Fifth National Governments. He represented the Selwyn electorate in the 44th Parliament and the Banks Peninsula electorate in the 45th Parliament. He served as a list MP from 1999 until he retired at the 2020 election.
Sir John Phillip Key is a New Zealand retired politician who served as the 38th prime minister of New Zealand from 2008 to 2016 and as leader of the New Zealand National Party from 2006 to 2016. After resigning from both posts in December 2016 and leaving politics,Key was appointed to the board of directors and role of chairman in several New Zealand corporations.
Scots College is an independent (private) Presbyterian school. It is located in the suburb of Strathmore Park,Wellington,New Zealand. Under the leadership of an Executive Headmaster,the College comprises three schools,the Preparatory School for Years 1 to 6,the Middle School for Years 7 to 9 and the Senior School for Years 11 to 13. Each school has its own Principal and Staff. Scots College is an IB World College.
Roger Lawrence Kerr,a public policy and business leader,was the executive director of the New Zealand Business Roundtable,a free-market think-tank based in Wellington,New Zealand.
Alan Esmond Bollard is a New Zealand economist. He currently serves as the as chair of the New Zealand Infrastructure Commission. He previously served as the Executive Director of the Asia Pacific Economic Cooperation (APEC) Secretariat for the period of 2013–2018,and as the Governor of the Reserve Bank of New Zealand for the period of 2002–2012.
Mount Albert Grammar School,commonly known as MAGS,is a co-educational state secondary school in Mount Albert in Auckland,New Zealand. It teaches students in year levels 9 to 13. As of August 2021,Mount Albert Grammar School is the second largest school in New Zealand,behind Rangitoto College.
Lieutenant General Sir Jeremiah Mateparae is a former New Zealand soldier who served as the 20th governor-general of New Zealand between 2011 and 2016,the second Māori person to hold the office,after Sir Paul Reeves. A former officer in the New Zealand Army,he was the chief of the Defence Force from 2006 to 2011,and then served as the director of the New Zealand Government Communications Security Bureau for five months in 2011. Following his term as governor-general,Mateparae was the high commissioner of New Zealand to the United Kingdom between 2017 and 2020.
Sir Roderick Sheldon Deane is a New Zealand economist,public sector reformer,and businessman. He served as deputy governor of the Reserve Bank of New Zealand,and as CEO and chairman of the country's largest telecommunications company,Telecom New Zealand.
Robert Ian Fyfe is a New Zealand businessman and a former chief executive officer (CEO) of New Zealand national airline Air New Zealand.
New Zealand dollar banknotes are the banknotes in circulation in New Zealand,the Cook Islands,Tokelau,Niue and the Pitcairn Islands,denominated in the New Zealand dollar. They are issued by the Reserve Bank of New Zealand and since 1999 have been made of polymer.
Sir Alexander Ross was a New Zealand-born banker and rower who competed at the 1930 British Empire Games. He was a rowing selector for New Zealand's Olympic and Commonwealth teams,New Zealand team manager for the Vancouver Commonwealth Games and chairman of the Commonwealth Games Federation from 1968 to 1982.
Between May 2006 and the end of 2012 there were sixty-seven finance company collapses in New Zealand; including companies entering into liquidation,receivership or moratoria. An inquiry by the New Zealand Parliament estimated losses at over $3 billion that affected between 150,000 and 200,000 depositors. The most high-profile collapses were South Canterbury Finance,Hanover Finance and Bridgecorp Holdings. The collapse radically reduced the size and importance of the non-bank finance sector in New Zealand. According to the Reserve Bank,at the height of financial expansion prior to the 2007 crisis,non-bank lenders had assets of about $25 billion and made up 8 percent of lending by financial institutions. By late 2013 the size of the finance sector was half its previous size and accounted for only 3 percent of institutional lending. In the years following the beginning of the collapses,sweeping legislative and regulatory changes were made,aimed at improving oversight and regulation of the finance industry.
Dame Patricia Lee Reddy is a New Zealand lawyer and businesswoman who served as the 21st governor-general of New Zealand from 2016 to 2021.
CricHQ is a digital platform for sport which combines competition management and administration software with live scoring and statistics for cricket clubs. It is based in Wellington,New Zealand,and was set up by CEO Simon Baker and former New Zealand cricketers Stephen Fleming and Brendon McCullum. It manages the administration of cricket test countries New Zealand,Sri Lanka,South Africa and Zimbabwe. A number of other national governing bodies also use its services from club level upwards.
The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s,house prices in New Zealand have risen considerably faster than incomes,putting increasing pressure on public housing providers as fewer households have access to housing on the private market. The property bubble has produced significant impacts on inequality in New Zealand,which now has one of the highest homelessness rate in the OECD and a record-high waiting list for public housing. Government policies have attempted to address the crisis since 2013,but have produced limited impacts to reduce prices or increase the supply of affordable housing. However,prices started falling in 2022 in response to tightening of mortgage availability and supply increasing. Some areas saw drops as high as around 9% - albeit from very high prices.
John Stewart Ombler is a New Zealand public servant. He served as deputy State Services Commissioner from 2008 until 2014,and briefly in 2019,and as the controller of the all-of-government response during the 2020 COVID-19 pandemic.
Adrian Orr is a New Zealand economist and current Governor of the Reserve Bank of New Zealand.
