New Zealand # Economy And Climate

The better the economy of the country, the more are the chances of you getting a job. Even more, to live in a country it is very important that the climate of the country suits you. Let us today, talk about the economy and climate of New Zealand.

ECONOMY

The economy of New Zealand is a market economy that depends greatly on international trade, mainly with Australia, the European Union, the United States, China, South Korea and Japan. The closure agreement with Australia makes its economy closely aligned with the economy of Australia.

New Zealand has a size able service sector accounting for 63% of its GDP growth. It includes, entertainment, the government, telecommunication, mass media, public health, consulting, franchising etc.  The manufacturing sector has shown strong export performance growth, which has encouraged investment and employment growth.

The major capital market is the New Zealand Exchange, known as NZX. The New Zealand dollar is the 10th most traded currency in the world.

Tourism is a fundamental contributor to New Zealand’s economy and way of life.Tourism contributes almost 9% of gross domestic product (GDP) as well as directly and indirectly employing nearly one in ten New Zealanders.

CLIMATE

The climate of New Zealand, is a source of income for many people in New Zealand. It has been named as the Land Of The Long White Cloud. New Zealand has  has mild temperatures, moderately high rainfall, and many hours of sunshine throughout most of the country. Its climate is dominated by two main geographical features — the mountains and the sea.
IELTSBAND7

Leave a Reply

Your email address will not be published. Required fields are marked *