Whilst much smaller in size and wealth than Australia, New Zealand has forged a name for itself by building relationships and trading relationships with other nations and continues to market itself as a popular choice for foreign investment. Unemployment is relatively low in both countries, with Australia at 5.1% in Q3 2018, and New Zealand at 3.8%. Therefore, a trade business can offer significant revenues. Perhaps most important to compare is Australia and New Zealand’s trade. Australia has a population of 24.6 million and New Zealand a much smaller 4.794 million people, but both have high immigrant populations (28.4% and 22.04%) which offers access to cheaper labor, emerging market opportunities and the option to apply for an international visa and become a permanent resident in either of the countries, particularly for entrepreneurs and investors planning to make Australia or New Zealand a key profit center and build a multi-national company in a short space of time. In recent years, the country has forged new trading relationships and exports natural resources, energy, and food to markets around the world is a member of the World Trade Organization, APEC, the G20, and has a number of bilateral free trade agreements with Malaysia, Singapore, Thailand, and the USA to name just a few. or New Zealand, you will likely want to exploit the labor market to maximize your investment. By submitting this form, you agree that we may process and use your information in accordance with the stated terms and conditions in our privacy policy. Australia is a much lower taxing country, especially in terms of income tax. Prosperity does not come by accident. As a foreign national, importing goods to Australia or New Zealand can offer significant revenue potential, but assessing demand is essential. Air New Zealand, Virgin Australia, Qantas, Emirates, and Singapore Airlines offer diabetic, gluten-free, raw food, Muslim, Kosher and vegetarian meal options. Neighbouring New Zealand, on the other hand, has transformed itself from an agrarian market into a free and stable economy with global ties. Australia vs New Zealand is a battle that will go on forever. Share this post with a friend or colleague!

40% more than New Zealand $2,693.05 Ranked 28th. Australia vs New Zealand. or New Zealand can offer significant revenue potential, but assessing demand is essential. As businesses look to new markets for their international expansion, heading further afield and to a territory such as Australiasia may not be your first consideration, but can offer a significant return on investment and unlock huge opportunities for business growth.

To find out more about how we can help, reach out to the team here today. Both countries used to have ties with the British Colony which in turn gave them eerily similar flags, quite similar but culturally different. The country’s economy is expected to grow slightly over 2% in 2019 and 2020, fueled by higher import prices in some foreign markets and domestic wage growth, which is helping to increase middle-class citizenship and give consumers more disposable income, fueling demand for products and services and having a knock-on effect in the wider markets. Australia and New Zealand may be neighbours and share many of the same qualities, but the truth is that the two countries have some major differences that must be considered before you expand into either. When incorporating a business in Australia or New Zealand, you will likely want to exploit the labor market to maximize your investment. © 2020 Analysis & Policy Observatory (APO), licensed under a Creative Commons Attribution-Non-Commercial 3.0 Australia (CC-BY-NC 3.0 AU) License, http://www.cis.org.au/issue_analysis/IA90/ia90.pdf. Government policy has a major role to play in creating a healthy environment for growth and investment.

Perhaps most important to compare is Australia and New Zealand’s trade.

Geographic isolation and a small population are important factors in New Zealand’s underperformance compared to the rest of the world, but Australia suffers similar conditions and has overcome them more successfully. Country comparison Australia vs New Zealand, Subscribe to our free email alert service, COVID-19 - Deaths per million population [+], Compare Central African Republic Australia, Compare Democratic Republic of the Congo Australia, Compare Federated States of Micronesia Australia, Compare Saint Vincent and the Grenadines Australia, Guatemalans CPI increased up to 5% year-on-year in September of 2020, Austrians CPI increased up to 1.5% year-on-year in September of 2020, Nigeria: CPI goes up in September of 2020, Fewer August passenger car sales in Canada, Industrial Production goes up in August of 2020 in Turkey, Industrial Production goes down -9.9% in August of 2020 in Uruguay, CPI falls in September of 2020 in Bulgaria, Industrial Production goes up in August of 2020 in Romania. GDP per capita stands at US$53,799.94 and US$42,940.58 respectively. Both countries have a strong political infrastructure, with regular local and cabinet elections to keep democracy alive, and governments on both sides of the Tasman Sea are pro-FDI. This affects incentives to work, save, and invest. Over the past several decades, the Australian economy has enjoyed continuous levels of growth and has a relatively low unemployment rate, low public debt, and a strong and stable financial backbone. Australia has a stronger political consensus around policies for growth, which contributes to investor confidence. In contrast, New Zealand halted most major reform in 1993, and has increased tax and regulation since 2000. Below, we offer a comparison between the two country’s markets…. Exports are the main driver of GDP growth for both Australia and New Zealand. The average Australian salary is US$64,022, compared with US$39,080 in New Zealand, an important consideration for businesses operating on tight margins wanting to reduce their capital overheads. Imports, on the other hand, reached US$228,582 million and US$40,114.6 million respectively, showing Australia with a trade surplus and New Zealand with a trade deficit. Banter, giving someone sh*t, being a smart arse or pulling someone’s leg is a form of friendly communication that should not be taken the wrong way.

Australia New Zealand HISTORY; Cost of living > Average monthly disposable salary > After tax: $3,780.69 Ranked 9th. New Zealand’s economy advanced 1.8 percent year-on-year in fourth quarter of 2019, easing from a 2.3 percent expansion in the previous period and matching market expectations. Australia has a GDP of US$1.323 trillion whilst New Zealand’s is US$205.9 billion. Unemployment is relatively low in both countries, with Australia at 5.1% in Q3 2018, and New Zealand at 3.8%. Instead, the major challenge for New Zealand seems to be a lack of profitable investment opportunities. Both countries have strong and stable economies and were unaffected by the financial crisis, although as they both rely heavily on foreign investment and overseas trade for growth, they are more susceptible to political and economic uncertainty in foreign markets such as China, the United States, and Europe, particularly as we head into a US-China trade battle. Executive summary Australians are a third richer than New Zealanders. Exports from the two countries measured in at US$231,072 million and US$38,063.1 million respectively in 2017, representing 17.46% and 18.64% of their GDPs. Crime > …

The World Bank Group Doing Business 2019 report, which compares business regulation in 2019 economies, ranks New Zealand at number one. Australia and New Zealand are two countries located in the Oceania in the Southern Hemisphere. This difference is remarkable given that the two countries enjoyed the same level of income for most of the twentieth century. In recent years, the country has forged new trading relationships and exports natural resources, energy, and food to markets around the world is a member of the World Trade Organization, APEC, the G20, and has a number of bilateral free trade agreements with Malaysia, Singapore, Thailand, and the USA to name just a few. Neighbouring New Zealand, on the other hand, has transformed itself from an agrarian market into a free and stable economy with global ties.

New Zealand Overview. Marketing permission: By submitting this form, I give my consent for Biz Latin Hub to be in contact with me via email using the information that I have provided in this form and for the purpose of providing me updates about doing business, entity formation, legal entity compliance, accounting, back office services, PEO and/or for marketing purposes. When you consider the strong business, trading and immigration relationship between Australia and New Zealand (The Trans-Tasman Travel Arrangement allows for free movement of citizens, and The Taxation Act 2003 helps combat double taxation in both countries) it makes sense to operate in the cheaper of the two countries, and still enjoy the benefits of the other. Finally, a brief touch on populations. Per capita GDP (adjusted for purchasing power parity) is NZ$48,000 in Australia compared to just NZ$36,400 in New Zealand. International surveys show little difference between the two countries in terms of red tape and regulation, but the direction of policy is just as important as the static picture. is on the up, and the country is often considered to be a. , which has encouraged foreign businesses to set up export subsidiaries to capitalize on the ease of trading with lucrative Asian markets.

What to expect: If you wish to withdraw your consent and stop hearing from us, please simply click the unsubscribe link at the bottom of any email that we send or contact us at [email protected]. In any event, natural resources are no guarantee of growth.

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