New Zealand is a place that displays mysticism and an imperturbable and imposing nature. But we love this gorgeous island because New Zealand became one of the best options for people who want to keep their money in a safe and free place some time ago when the country entered the top 3 of the countries with more economic freedom according to the Index of Economic Freedom.
New Zealand is an authentic remote paradise with just 4.5 million inhabitants and far away from neighbours with unstable or authoritarian governments, and also away from calamities such as the Coronavirus pandemic.
New Zealand's charms can also be seen in its economy. It is the third most economically free country in the world and one of the top ten countries in the world to live in.
In comparison with the rest of the world, New Zealand has a rich and developed economy based on the following indicators:
- The GDP per capita was estimated at $41,945.
- Its inflation was set at 1.6 per cent.
- Unemployment stood at 4.7%.
- The New Zealand dollar is among the top 25 nominal sovereign currencies according to Standard and Poor's.
But not only is the New Zealand present bright, but its future is also bright. The Reserve Bank of New Zealand (the central monetary authority in this country) has projections showing a GDP growth rate of between 2 and 3% per year for the coming years.
The New Zealand economy operates on free-market principles, in which the state provides a context, including a commercial law framework, for operations to take place. However, the State reserves some sectors, such as education and health, where it is an essential financier and provider.
The New Zealand government has been able to harmonize the dynamics of a free market with fairly inclusive public policies, which makes this country one of the first on the list for people who want to have their money in a reliable and prosperous place. Not surprisingly, more and more people around the world are looking for ways to put their assets into New Zealand banks.