APPENDIX A COUNTRY DATA 1. PROFILE POPULATION: 3,541,700 est. on March 31, 1994. Average age is 34.55 years. Age Distribution: Under 15: 23.02 percent; 15-64: 65.14 percent; Over 65: 11.84 percent. The geographical distributed as follows: North Island: 2,550,000 (74.4%), South Island: 880,000 (25.6%) The population of the larger urban regions in New Zealand are as follows: Auckland: 963,100 Waikato: 297,250 Wellington: 501,714 Christchurch: 307,179 Dunedin: 109,503 POPULATION GROWTH RATE: 1.4 percent for the year ending March 31, 1994, far above the average annual rate of 0.8 percent from 1986- 1991. RELIGIONS: Anglican: 22 percent, Presbyterian: 16 percent, Roman Catholic: 15 percent, others: 40 percent. GOVERNMENT SYSTEM: Parliamentary with no formal, written constitution. Executive: The British Monarch, represented by a Governor General, is the chief of state. The New Zealand Prime Minister is the head of government and heads the cabinet. Legislative: one-house Parliament. Judicial: Three levels: District Courts, the High Court, and the Court of Appeals, with further appeal possible to the Privy Council in London. LANGUAGES: English and Maori. Literacy is 99 percent. WORK WEEK: Monday-Friday, with some retail outlets open on Saturday and Sunday. COUNTRY DATA Continued 2. DOMESTIC ECONOMY (in millions of U.S. Dollars unless noted) YEAR ENDING MARCH 31, 1993 1994 1995 Estimate GDP in current USD 41,032 45,680 49,685 Real GDP Growth Rate, % change 1.0 4.6 3.7 GDP per Capita, current USD 11,743 12,898 13,850 Govt. Spending as % GDP, June years 38.2 36.1 35.1 Inflation: Consumer Price Index percent change 1.0 1.3 1.6 Unemployment (percent) 9.8 9.1 8.5 Foreign Exchange Reserves 3,286 3,821 4,225 Average Exchange Rate for Year (X = U.S. $1.00) 1.88 1.8 1.75 Foreign Debt 35,444 35,295 36,690 Debt Service Ratio: Principal & Interest Payments/Foreign Income 48.3 44.7 39.8 3. NEW ZEALAND TRADE STATISTICS Exports (F.O.B.) 9,969 10,860 11,670 Imports (C.I.F.) 9,036 9,994 10,740 U.S. exports to New Zealand (C.I.F) 1,659 1,806 1,880 U.S. imports from New Zealand (F.O.B.) 1,226 1,234 1,285 U.S. Share of N.Z. imports (%) 18.4 18.1 17.5 IMPORTS of MANUFACTURED GOODS 1993 1994 1995 Estimate Total Manufactured Imports 7,170 7,887 8,100 Manufactured Imports from U.S. 1,280 1,458 1,600 US Share, Manufactured Imports (%) 17.9 18.5 19.7 Manf. Goods Trade Balance With U.S. (839) (1,027) (1,200) Projected Average Annual Import Growth Rate thru 1996: from World 7% from U.S. 7% COUNTRY DATA Continued AGRICULTURAL IMPORTS 1993 1994 1995 Estimate Total Ag Imports 778 867 950 Ag Imports from U.S. 96 108 120 US Share of Ag Imports, percent 12.3 12.5 12.6 Ag Trade Balance with U.S. 750 760 800 Trade Balance with Three Leading Trading Partners in 1993 Australia Japan United States New Zealand Exports (F.O.B.) to: 1,946 1,479 1,226 New Zealand Imports (C.I.F.) from: 1,963 1,367 1,659 Balance of Trade: (17) 112 (433) SOURCES: Statistics New Zealand, Reserve Bank, Embassy Projections. Principal Imports from U.S. in 1993 USD million HS84 Machinery and Mechanical Appliances 509 HS85 Electrical Machinery and Equipment 167 HS90 Optical, Photographic and Surgical Equipment 112 HS39 Plastics and Articles Thereof 106 HS87 Vehicles, Parts and Accessories 58 Principal Exports to U.S. in 1993 HS02 Meat and Edible Meat Offals 492 HS03 Fish and Crustaceans 168 HS35 Albuminoidal Substances, Caseinates 123 HS88 Aircraft and Parts 77 HS44 Wood and Articles Thereof 59 COUNTRY DATA Continued 4. INVESTMENT: Table 1 NEW ZEALAND'S INTERNATIONAL INVESTMENT POSITION NZD million Mar 89 Mar 90 Mar 91 Mar 92 Mar 93 FOREIGN INVESTMENT IN NEW ZEALAND Direct Investment Equity 8,412 12,293 13,294 17,703 22,316 Net Borrowing 1,273 1,427 5,055 4,806 6,091 Borrowing 2,007 2,809 7,374 6,324 7,988 Lending (734) (1,382) (2,318) (1,519) (1,897) Subtotal 9,685 13,720 18,349 22,509 28,407 Portfolio and Other Investment Equity 1,378 1,561 1,766 769 932 Borrowing 40,283 5,202 48,242 47,734 46,642 Subtotal 41,661 46,763 50,008 48,503 47,574 TOTAL 51,346 60,484 68,357 71,011 75,982 NEW ZEALAND INVESTMENT ABROAD Direct Investment Equity 5,263 7,585 13,108 15,653 15,446 Net Lending (4,396) (1,936) (2,959) (2,962) (6,441) Lending 820 3,281 3,189 3,638 1,577 Borrowing (5,216) (5,217) (6,148) (6,601) (8,017) Subtotal 867 5,649 10,149 12,691 9,005 Portfolio and Other Investment Equity 197 248 461 895 980 Lending 2,103 3,247 3,680 3,988 3,506 Immigrants' Assets 155 476 908 1,466 2,033 Offl Resrve Assets 4,033 5,612 6,608 5,789 6,171 Subtotal 6,488 9,583 11,657 12,138 12,690 TOTAL 7,355 15,232 21,805 24,828 21,694 NET POSITION (43,992)(45,252)(46,552)(46,183)(54,288) COUNTRY DATA Continued Table 2 FOREIGN DIRECT INVESTMENT FLOWS, NZD million FDI into NZ, Year Ended March 31, 1991 1992 1993 EQUITY CAPITAL (249) 1795 2298 from: U.K. (131) 132 Australia (511) 637 United States 43 507 Canada 28 85 Japan 124 50 Other European Union 75 19 Other OECD (10) (2) Other Asia and Oceana 133 366 Latin America Other UNREMITTED EARNINGS (Note I) (322) 494 1113 from: U.K. (362) 301 Australia 35 74 United States (91) 86 Canada (28) (39) Japan (13) (17) Other European Union 75 (10) Other OECD (2) 52 Other Asia and Oceana 129 123 Latin America (3) (5) Other (1) (3) OTHER LONG TERM CAPITAL (Note I) 4452 (1199) 955 from: U.K. 23 222 Australia 269 218 United States 3977 (1464) Canada 6 8 Japan (12) (6) Other European Union 9 12 Other OECD 16 13 Other Asia and Oceana 101 35 Latin America 64 10 Other (1) SHORT TERM CAPITAL (Note I) (948) 937 379 from: U.K. (67) 106 Australia (521) 199 United States (216) 46 Canada (4) (15) Japan 7 38 Other European Union 53 146 Other OECD 4 17 Other Asia and Oceana (203) 371 Latin America (1) 32 Other (1) (6) COUNTRY DATA Continued FDI into NZ, Year Ended March 31, 1991 1992 1993 TOTAL INVESTMENT CHANGE (Note I) 2932 2026 4745 from: U.K. (537) 761 729 Australia (728) 1128 2952 United States 3713 (825) 500 Canada 3 39 Japan 107 10 (30) Other European Union 150 167 (85) Other OECD 8 81 Other Asia and Oceana 160 895 459 Latin America 59 37 Other 3 (8) (161) COUNTRY DATA Continued FDI from NZ, Year Ended March 31, 1991 1992 1993 EQUITY CAPITAL (Note I) 3261 818 1287 to: U.K. 1839 192 Australia 613 959 United States (1) 41 Canada (6) 147 Japan 20 Other European Union 16 Other OECD (1) Other Asia and Oceana 852 6 Latin America (35) (1) Other UNREMITTED EARNINGS (Note I) 899 (143) (217) to: U.K. 28 (7) Australia 429 (252) United States (27) (90) Canada 154 (122) Japan 2 (2) Other European Union 9 (15) Other OECD Other Asia and Oceana 285 (47) Latin America 19 25 Other 1 OTHER LONG TERM CAPITAL (Note I) (1764) (893) (2986) to: U.K. (1) (11) Australia (1684) (319) United States (13) 12 Canada 6 Japan (1) Other European Union 1118 252 Other OECD Other Asia and Oceana (567) (1444) Latin America (617) 605 Other SHORT TERM CAPITAL (Note I) 150 945 (388) to: U.K. 216 (30) Australia 103 (347) United States (368) 39 Canada 2 5 Japan 4 (4) Other European Union 151 611 Other OECD 1 Other Asia and Oceana 54 8 Latin America (11) 286 Other (2) COUNTRY DATA Continued FDI from NZ, Year Ended March 31, 1991 1992 1993 TOTAL INVESTMENT CHANGE (Note I) 2546 728 (2304) to: U.K. 2082 144 (43) Australia (539) 41 (541) United States (410) 2 400 Canada 150 37 Japan 5 13 11 Other European Union 1279 864 399 Other OECD (1) Other Asia and Oceana 624 (1476) (2235) Latin America (645) 914 Other (2) 123 Note I: Totals for 1992 are later data than individual country data, and therefore differ from the sums of the country data. Individual country data for 1993 are provisional and don't sum to the total for 1993.