Part 539

Judicial branch: High Court; Court of Appeal

Political parties and leaders: National Party (NP, government), James BOLGER; New Zealand Labor Party (NZLP, opposition), Helen CLARK; Alliance, Jim ANDERTON; Democratic Party, Dick RYAN; New Zealand Liberal Party, Hanmish MACINTYRE and Gilbert MYLES; Green Party, no official leader; Mana Motuhake, Sandra LEE; Socialist Unity Party (SUP, pro-Soviet), leader NA; New Zealand First, Winston PETERS; United New Zealand (UNZ), Clive MATTHEWSON; Conservative Party (formerly Right of Centre Party), Trevor ROGERS; Association of Consumers and Taxpayers, New Zealand (ACT), Richard PREBBLE; Christian Democrats, Graeme LEE; Christian Heritage Party (CH), Rev. Graham CAPILL note: the New Zealand Liberal, New Labor, Democratic, and Mana Motuhake parties formed a coalition called the Alliance Party in September 1991; the Green Party joined the coalition in May 1992; the National Party government formed a coalition with the United New Zealand Party in February 1996; the coalition will be valid through the 1996 elections

International organization participation: ANZUS (US suspended security obligations to NZ on 11 August 1986), APEC, AsDB, Australia Group, C, CCC, CP, EBRD, ESCAP, FAO, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM (observer), ISO, ITU, MTCR, NAM (guest), OECD, PCA, Sparteca, SPC, SPF, UN, UNAVEM III, UNCTAD, UNESCO, UNIDO, UNPREDEP, UNPROFOR, UNTSO, UPU, WFTU, WHO, WIPO, WMO, WTrO

Diplomatic representation in US: chief of mission: Ambassador Lionel John WOOD chancery: 37 Observatory Circle NW, Washington, DC 20008 telephone: (202) 328-4800 consulate(s) general: Apia (Western Samoa), Los Angeles

US diplomatic representation: chief of mission: Ambassador Josiah Horton BEEMAN embassy: 29 Fitzherbert Terrace, Thorndon, Wellington mailing address: P. O. Box 1190, Wellington; PSC 467, Box 1, FPO AP 96531-1001 telephone: (4) 472-2068 FAX: (4) 472-3537 consulate(s) general: Auckland

Flag: blue with 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

Economy -------

Economic overview: Since 1984 the government has been reorienting an agrarian economy dependent on a guaranteed British market toward a more industrialized, open, free market economy that can compete on the global scene. The government has hoped that dynamic growth would boost real incomes, broaden and deepen the technological capabilities of the industrial sector, reduce inflationary pressures, and permit the expansion of welfare benefits. The initial results were mixed: inflation is down from double-digit levels, but growth was sluggish in 1988-91. In 1992-93, growth picked up to 3% annually, a sign that the new economic approach was beginning to pay off. Business confidence strengthened in 1994, and export demand picked up in the Asia-Pacific region, resulting in 6.2% growth. Growth continued strong in 1995, and inflation remains among the lowest in the industrial world. The government announced its first budget surplus in 16 years in FY94/95 and forecasts a surplus of $5.0 billion in FY97/98. The government intends to use the surplus to reduce the debt, increase social spending, and cut taxes - by $1.35 billion over two years beginning in 1996. Per capita GDP now is up to the levels of the big West European economies.

GDP: purchasing power parity - $62.3 billion (1995 est.)

GDP real growth rate: 5.5% (1995 est.)

GDP per capita: $18,300 (1995 est.)

GDP composition by sector: agriculture: 7.3% industry: 25.9% services: 66.8% (1990)

Inflation rate (consumer prices): 2% (FY95/96)

Labor force: 1,634,500 (September 1995) by occupation: services 64.6%, industry 25.0%, agriculture 10.4% (1994)

Unemployment rate: 6.1% (October 1995)

Budget: revenues: $22.18 billion expenditures: $20.28 billion, including capital expenditures of $NA (FY95/96 est.)

Industries: food processing, wood and paper products, textiles, machinery, transportation equipment, banking and insurance, tourism, mining

Industrial production growth rate: NA%

Electricity: capacity: 7,520,000 kW production: 30.5 billion kWh consumption per capita: 8,401 kWh (1993)

Agriculture: wheat, barley, potatoes, pulses, fruits, vegetables; wool, meat, dairy products; fish catch reached a record 503,000 metric tons in 1988

Exports: $13.41 billion (1995) commodities: wool, lamb, mutton, beef, fish, cheese, chemicals, forestry products, fruits and vegetables, manufactures partners: Australia 20%, Japan 15%, US 12%, UK 6%

Imports: $13.62 billion (1995) commodities: machinery and equipment, vehicles and aircraft, petroleum, consumer goods partners: Australia 21%, US 18%, Japan 16%, UK 6%

External debt: $38.5 billion (September 1994)

Economic aid: donor: ODA, $98 million (1993)

Currency: 1 New Zealand dollar (NZ$) = 100 cents

Exchange rates: New Zealand dollars (NZ$) per US$1 - 1.5138 (January 1996), 1.5235 (1995), 1.6844 (1994), 1.8495 (1993), 1.8584 (1992), 1.7265 (1991)

Fiscal year: 1 July - 30 June

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