G3-247 Report NEW ZEALAND
when refrigeration developed and were exported to Britain and there are high demands for agricultural products from the UK and US which helped New Zealanders achieve higher living standards. Today New Zealand is one of the top five dairy exporters in the world.
In 1973 the export market for New Zealand was reduced when the UK joined the European Community and an economic depression began and living standards fell. By 1982 the country had the lowest per capita income of all developed nations.
Since 1984 however there has been a major restructur- ing programme to transform the country into a liber- alised free trade economy. Unemployment peaked above 10 per cent in the early 1990s but is today around 6.6 per cent.
The global recession hit the country but now after years of sluggish growth the country is on its way to seeing a huge growth spurt. Recovery has been led by exports with demand from Australia and China who have been less affected by the crisis.
After 10 years of Labour Party dominated governments the centre right National Party led by Prime Minister John Key returned to power in November 2008 and was re-elected in November 2011.
Tourism is one of New Zealand’s largest export industries and
employs around 5.7 per cent of the workforce with one in 11 working in the tourism industry.
Real GDP growth today is around $142bn with a 1.5 per cent growth.
long and only 400km wide maximum with around 15,000km of coastline and a total land area of 268,
000sq.km.
The South Island is the largest landmass of the country and divided along its length by the Southern Alps of which there are 18 peaks of over 3,000m the highest being Mount Cook/Aoraki.
The North Island is less mountainous but is marked by volcanism with the highly active Taupo Volcano.
New Zealand is divided into 11 regional councils and 67 territorial authorities for local government purposes.
The country today has a modern, prosperous and devel- oped market economy and has focused on sealing, whal- ing, flax, gold, kauri gum and timber.
Meat and dairy products were increased in the 1880s
01 Lotto New Zealand is headed by Judy Kirk who was appointed chair in May 2009. The main games include Powerball, Lotto, Lotto Strike, Big Wednesday draw, Keno, Bullseye and Instant Kiwi. There are over 1000 retailers from Houhora to Stewart Island based in cities, metropolitan areas and rural towns.
02 Lotto NZ employs around 120 staff at its Auckland, Wellington and Christchurch offices plus the 1,217 outlets employ over 5,000 people who have earned over $50m in sales commission during the last financial year. Retailers receive seven per cent commission on their gross lottery sales.
Tourism is one of New Zealand’s largest export indus- tries and second to the dairy industry in terms of foreign exchange earnings. It employs around 5.7 per cent of the workforce with around one in 11 working in the tourism industry.
Last year international visitors spent $9.8bn whilst domestic tourism expenditure was $14.2bn. Tourism’s direct contribution to the GDP was 3.7 per cent. In 2013 there were 2.6 million international visitors to the island.
THE LOTTERY Back in 1985 a ‘Sport on the Move’ report by the govern-
ment appointed Sports Development Inquiry, identified lotteries as an additional source of income for recre- ational, arts, sports and community projects.
The idea was approved a year later and in 1986 an inter- im New Zealand Lotteries Commission was set up whilst legislation was passed the following year and the lottery was established in June 1987. The first lotto tick- ets went on sale in July 1987 via 420 initial retailers and the sales for that first year up to March 1988 amounted to $75m.
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