About New Zealand

General Information
New Zealand is a country in the southwestern Pacific Ocean consisting of 2 main islands, both marked by volcanoes and glaciation. Capital Wellington, on the North Island, is home to Te Papa Tongarewa, the expansive national museum. Wellington’s dramatic Mt. Victoria, along with the South Island’s Fiordland and Southern Lakes, stood in for mythical Middle Earth in Peter Jackson’s “Lord of the Rings” films.

Population
New Zealand has a population of 4,790,820

Political Structure
New Zealand is a constitutional monarchy with a parliamentary democracy, although its constitution is not codified. Elizabeth II is the Queen of New Zealand and the head of state. The Queen is represented by the Governor-General, whom she appoints on the advice of the Prime Minister. The Governor-General can exercise the Crown’s prerogative powers, such as reviewing cases of injustice and making appointments of ministers, ambassadors and other key public officials, and in rare situations, the reserve powers (e.g. the power to dissolve Parliament or refuse the Royal Assent of a bill into law). The powers of the Queen and the Governor-General are limited by constitutional constraints and they cannot normally be exercised without the advice of ministers.

Infrastructure and Economy
New Zealand has a high-income economy with a nominal gross domestic product (GDP) per capita of US$36,254. The currency is the New Zealand dollar, informally known as the “Kiwi dollar”; it also circulates in the Cook Islands (see Cook Islands dollar), Niue, Tokelau, and the Pitcairn Islands. New Zealand was ranked ninth in the 2015 Human Development Index and third in the 2016 Index of Economic Freedom.

Language
English is the predominant language in New Zealand.

Currency
New Zealand dollar ($) (NZD)

Exchange Controls
New Zealand has no exchange controls.