New Zealand is in Oceania, and comprises islands in the South Pacific Ocean, southeast of Australia. The climate is temperate with sharp regional contrasts. The official languages are English and Maori. Maori is only used in New Zealand and despite its official status, its speakers (estimated to be around 130,000 in total) struggle against it being lost. The main religion is Christianity. The Economy of New Zealand is a market economy which is greatly dependent on international trade, mainly with Australia, the European Union, the United States, China and Japan. It has only small manufacturing and high-tech sectors, being strongly focused on tourism and primary industries like agriculture (though both sectors are highly profitable). New Zealanders are usually quick to use first names. Expatriate business dress is typically a suit and tie for men, while women are expected to either wear a dress or a suit. The security risk for expatriates in New Zealand is low. Risks include street crime and theft. The currency of New Zealand is the New Zealand Dollar (NZD). Banking is on a par with that of Western Europe and North America. Medical facilities are good, however the cost of treatment for expatriates can be high. The population of New Zealand is 4.9 Million (2019 est.), while the inflation rate (CPI) is 1.5% for New Zealand as at March 2019. Xpatulator Hypothetical Tax for New Zealand is based on the current personal income tax rates which are progressive up to 33%.
Cost Of Living
The cost of living for expatriates / professional migrants in In New Zealand, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): New Zealand as at 1 April 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Very High 3) Communication: Very High 4) Education: Low 5) Furniture & Appliances: High 6) Groceries: High 7) Healthcare: Very High 8) Household Accommodation: High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High New Zealand is for example 7.6% more expensive than USA for groceries, 12.4% more expensive for household costs than UK, and 181.9% more expensive for transport costs than India. The hardship premium for New Zealand for an expat from Australia, is for example 0%, i.e. host location (New Zealand) premium of 10% minus home (Australia) location premium of 10%. New Zealand is ranked as a minimal hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in New Zealand? Register subscribe to your home location and New Zealand and run your personalised reports.