New Zealand Economy

Economy

Most of New Zealand’s economic activity takes place on the North Island. Although farming is no longer the staple of New Zealand’s economy, it is still significant. Most of the country’s cattle farms are on the North Island. Today, the island’s economy is based heavily on service industries, which include retail trade, restaurants and hotels, finance, transportation, and community and social services.

 Covid-19

The better-than-expected Crown accounts released on Tuesday showed the government's careful management of the COVID-19 health crisis was the right approach to support the economy, said Deputy Prime Minister and Finance Minister Grant Robertson.

"The government's decision to act swiftly when COVID-19 was taking hold overseas has meant New Zealand's economy has bounced back better than the Treasury and many economists predicted."

Citations

- https://www.intrepidtravel.com/us/new-zealand/new-zealand-north-island-explorer-northbound-127091

- https://www.worldbookonline.com/student-new/#/article/home/ar753884/new%20zealand%20economy

- https://go.gale.com/ps/retrieve.do?tabID=T004&resultListType=RESULT_LIST&searchResultsType=SingleTab&hitCount=1&searchType=BasicSearchForm&currentPosition=1&docId=GALE%7CA642602039&docType=Brief+article&sort=Relevance&contentSegment=ZTSN-200404P&prodId=STOM&pageNum=1&contentSet=GALE%7CA642602039&searchId=R3&userGroupName=tel_s_tsla&inPS=true