New Zealand vs Norway: Economic Indicators Comparison
Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while New Zealand ranked 53rd with $204.9B. By GDP 5-years average growth and GDP per capita, Norway and New Zealand ranked 142nd vs 72nd and 5th vs 25th, respectively.
Gross Domestic Product & Income
| Stat |  New Zealand |  Norway |
|---|---|---|
| GDP | $204.9B | $434.2B |
| GDP growth, 1 year | 3% | 1.4% |
| GDP growth, 5-years average | 3.4% | 1.7% |
| Population | 4.9M | 5.4M |
| GDP per capita | $42k | $82k |
| GDP per capita growth | 0.85% | 0.58% |
| Purchasing Power Parity conversion factor | 1.48 | 10.14 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.02 | 1.25 |
| GDP per capita, PPP adjusted | $40k | $74k |
| GNI, Atlas method | $198.6B | $428.4B |
| GNI per capita | $41k | $81k |
| GNI, PPP adjusted | $192.5B | $363B |
| GNI per capita, PPP adjusted | $39k | $68k |
Financial system and Human development
| Stat | New Zealand | Norway |
|---|---|---|
| Income Tax Rate | 33% | 47.8% |
| Corporate Tax Rate | 28% | 22% |
| Inflation, consumer prices | 1.6% | 2.8% |
| Inflation, GDP deflator | 1.1% | 5.8% |
| Unemployment | 4.5% | 3.9% |
| Economic Freedom Index | 84.1 | 73.4 |
| Personal Freedom Index | 9.42 | 9.55 |
| Human Freedom Index | 8.94 | 8.61 |
| Property Rights Index | 93.3 | 84.3 |
| Judical Effectiveness Index | 79.1 | 82.8 |
| Business Freedom Index | 90.4 | 86.1 |
| Fiscal Health Index | 98.3 | 97.3 |
| Labor Freedom Index | 86.7 | 57.4 |
| Investment Freedom Index | 80 | 75 |
| Financial Freedom Index | 80 | 60 |
| Trade Freedom Index | 92.2 | 83.8 |
| Monetary Freedom Index | 87 | 74.8 |
| Government Spending Index | 57.8 | 25.6 |
| Tax Burden Index | 71 | 57.7 |
| Government Integrity Index | 93.9 | 95.6 |
| Corruption Perceptions Index | 87 | 84 |
| Life expectancy at birth, years | 81.7 | 82.5 |
| Suicide mortality rate, per 100,000 people | 12.1 | 12.2 |
| Mortality caused by road traffic injury, per 100,000 people | 7.8 | 2.7 |
| Intentional homicides, per 100,000 people | 0.7 | 0.5 |
| International tourism, number of arrivals | 3.7M | 5.7M |
Government debt & reserves
| Stat | New Zealand | Norway |
|---|---|---|
| Central government debt, % of GDP | 29.4% | 36.8% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 13.9% | 16.9% |
| Gross savings, % of GDP | 19.6% | 35.9% |
| Gross capital formation, % of GDP | 23.9% | 27.3% |
| Total reserves including gold | $17.7B | $63.1B |
| Foreign direct investment net inflows | $2.1B | -$17.4B |
Exports, imports and economic structure
| Stat | New Zealand | Norway |
|---|---|---|
| Exports of goods and services, % of GDP | 28.1% | 38.4% |
| Imports of goods and services, % of GDP | 28.3% | 32.6% |
| Current account balance (balance of payments) | -$7.7B | $31.4B |
| Revenue excluding grants, % of GDP | 33% | 47.4% |
| Grants excluding technical cooperation, BoP | N/A | N/A |
| Personal remittances received | $452.5M | $644.3M |
| Industry including construction value added, % of GDP | 19.2% | 32% |
| Agriculture, forestry and fishing value added, % of GDP | 6.6% | 1.9% |
| Charges for the use of intellectual property, payments BoP | $912.8M | $768.9M |
| Charges for the use of intellectual property, receipts BoP | $540.5M | $515.2M |
| Expense, % of GDP | 30.7% | 37.7% |
| Government Expenditure, % of GDP | 37.5% | 49.8% |
