tailieunhanh - Economic Development Indicators 2011

This inter-departmental report provides a broad range of indicators relevant to New Zealand’s economic performance. It has been prepared in order to inform economic debate and policy making. A growing, open, and competitive economy is a key means of delivering permanently higher incomes and living standards to New Zealanders. Without higher economic growth, the economy will not deliver higher living standards or the quality of life to which New Zealanders aspire. Government agencies publish a number of sets of indicators relating to a broad range of social, economic, and environmental outcomes. In this report, Economic Development Indicators 2011, the Ministry of. | CM lllllllll Economic Development Indicators NewZfealand Government Table of Contents Foreword Executive Summary Introduction Wellbeing and Prosperity Immediate Drivers of Income Growth Composition of the New Zealand Economy Underlying Determinants of Productivity Growth - Firm and Market Performance Innovation and Entrepreneurship Investment Saving and Financial Market Development 6 8 18 28 36 44 50 50 62 International Linkages 72 Underlying Determinants of Productivity Growth - Business Environment 80 Skills and Talent 80 Infrastructure 90 Institutions and Regulation 101 Macroeconomic Foundations. 110 The Public Sector and Tax. 120 6 New Zealand s Economic Relationship with Australia and its States 7 Auckland - An Internationally Competitive City 130 142 1 List of Figures Figure 1 New Zealand s performance relative to the OECD against key indicators 1 Wellbeing and Prosperity Figure Score in the UNHDI Figure EPI 2010 and ESI 2005 Figure GDP and NNI per capita US current prices and PPPs 2009 Figure Real GDP per capita growth five-year average Figure Nominal GDP per capita as a percentage of the OECD mean US and PPPs Figure Net household wealth and net financial assets and components NZ million current prices Figure Disposable income inequality measured by Gini coefficients 2 Immediate Drivers of Income Growth Figure Labour productivity and utilisation 2008 Figure Hours worked per capita per week Figure Percentage of the population aged 65 and over to the total population Figure Labour utilisation by age group and gender for selected years 2000 and 2009 Figure Unemployment rate as a percentage of the labour force Figure Labour productivity levels GDP per hour worked gap with respect to average for countries in the upper half of the OECD Figure Annual growth in labour productivity five-year average Figure Annual growth in MFP five-year average Figure New Zealand and .