New Zealand

Price of Goods in US$, which in US would Cost $1 - New Zealand Compared to Continent

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Kiribati	$0.22
Solomon Is.	$0.44
Tonga	$0.47
Samoa	$0.49
Vanuatu	$0.58
PNG	$0.62
Fiji	$0.98
New Zealand	$1.11
Australia	$1.27

 

 

New Zealand: Currency +/- valuation index

This is a cost of living indicator. The figure shows how much how much a bundle of goods and services costing US$1 in the US would cost in other countries (similar to The Economist's Big Mac Index).

To arrive at the figure, the Global Property Guide takes the difference between the IMF's nominal GDP figures, and their purchasing power parity GDP figures for the latest year available.

Note that currency undervaluation (as measured by PPP) is not a good predictor of future currency movements.

These cost of living indicators refer to data collected annually (for date of collection, see Data FAQ )

Source: calculated using figures from the IMF World Economic Outlook Database

 

New Zealand has a quarterly house price index, available from the Reserve Bank of New Zealand. Monthly median house prices are published by the Real Estate Institute of New Zealand (REINZ), which also publishes residential market news. Rental market data are freely available from the Massey University Real Estate Analysis Unit.

General economics statistics are from the Reserve Bank of New Zealand.