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Home > Country Profile > Economy of New Zealand

Economy of New Zealand

People of New Zealand

New Zealanders of European descent, often referred to by the Maori name Pakeha, comprise about 75 percent of the population. Usually described as the largest ethnic group, they are in fact an ethnic mix. People of English, Scottish, and Irish descent comprise the largest groups (in that order), though there are people of German, Australian, Scandinavian, Croatian, and Dutch descents too.

Arts, Culture and Music of New Zealand

The earliest cultural traditions are that of the Maori, who developed a rich and diverse Polynesian culture in geographic isolation. European settlers put their own traditional stamp and eventually dominated the cultural life. Immigration of peoples from the Pacific Islands and Asia, since the 1950s, has further diversified the cultural fabric of New Zealand.

Flag of New Zealand

New Zealand's flag is blue in color. It has the flag of the UK in the upper hoist-side quadrant with four red five-pointed stars edged in white centered in the outer half of the flag. The stars represent the Southern Cross constellation
Please click here to view the Flag of New Zealand
Since the 19th century, New Zealand's economy has relied on overseas trade and capital. With changing trends and prices the economy suffered greatly. The government initiated a program of economic restructuring along free-market lines, but the reforms failed to improve the economy. Half of the country's export earnings come from agriculture, forestry, and fishing.

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