Australians are a third richer than New Zealanders. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. This difference is remarkable given that the two countries enjoyed the same level of income for most of the twentieth century.Dec 13, 2007
Is New Zealand richer than Australia?
Is New Zealand better than Australia?
In 2019, New Zealand was ranked as the second safest country in the world. New Zealand has a lower crime rate than Australia. Plus, you won't have to worry about any snakes!
Is New Zealand a rich or poor country?
The economy of New Zealand is a highly developed free-market economy. It is the 52nd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing power parity (PPP).
Does Australia pay more than New Zealand?
Stats NZ figures for the March quarter show the average weekly income for full time workers in New Zealand is $1328.43. In Australia, the average is A$1711.60 (NZ$1807.66) for full time workers, as of November, according to the Australian Bureau of Statistics.
Is it cheaper to live in Australia or New Zealand?
New Zealand has a lower cost of living than Australia. You'll likely pay less for everything there. The cost of living in each country is an average set of data. It varies from city to city.
Is NZ the best country in the world?
New Zealand was the highest-ranking country in the Asia-Pacific region of the Legatum Institute's 2021 Prosperity Index. New Zealand is the eighth-most prosperous country in the world, a global prosperity index shows.
Is it better to move to Australia or New Zealand?
Numbeo tells us that the average prices of consumer goods and services, rent, and groceries are lower in New Zealand than in Australia. However, New Zealand's purchasing power is 17.49% lower than Australia's….2. Meat and diary.
| New Zealand | Australia | |
|---|---|---|
| 1kg Local cheese | $10.74 | $11.68 |
•Mar 28, 2021
How is New Zealand so rich?
Trade. Agricultural products—principally meat, dairy products, and fruits and vegetables—are New Zealand's major exports; crude oil and wood and paper products are also significant. The major imports are crude and refined oil, machinery, and vehicles.
Is New Zealand richer than America?
United States has a GDP per capita of $59,800 as of 2017, while in New Zealand, the GDP per capita is $39,000 as of 2017.