Economic Freedom of the World
economic-freedom-of-the-world-2016
economic-freedom-of-the-world-2016
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New Zealand<br />
Chapter 2: Country Data Tables • 135<br />
1980 1990 2000 2005 2010 2013 2014<br />
Rating (Rank) Rating (Rank) Rating (Rank) Rating (Rank) Rating (Rank) Rating (Rank) Rating (Rank)<br />
Summary Ratings (Rank) 6.44 (20) 7.86 (9) 8.52 (5) 8.44 (3) 8.08 (4) 8.36 (3) 8.35 (3)<br />
Rating (Data) Rating (Data) Rating (Data) Rating (Data) Rating (Data) Rating (Data) Rating (Data)<br />
Area 1. Size <strong>of</strong> Government 3.82 5.30 6.68 6.24 4.91 6.44 6.39<br />
A. Government consumption 5.12 (22.59) 5.54 (21.17) 4.84 (23.56) 4.87 (23.45) 4.00 (26.40) 4.59 (24.40) 4.40 (25.05)<br />
B. Transfers and subsidies 4.17 (21.90) 2.64 (27.50) 6.90 (11.87) 7.10 (11.16) 2.63 (27.55) 6.17 (14.56) 6.17 (14.56)<br />
C. Government enterprises and investment 4.00 (30.80) 6.00 (25.30) 10.00 (14.84) 8.00 (16.17) 8.00 (19.10) 8.00 (16.66) 8.00 (16.66)<br />
D. Top marginal tax rate 2.00 7.00 5.00 5.00 5.00 7.00 7.00<br />
(i) Top marginal income tax rate 2.00 (62) 7.00 (33) 5.00 (39) 5.00 (39) 5.00 (36) 7.00 (33) 7.00 (33)<br />
(ii) Top marginal income and payroll tax rate 7.00 (33) 5.00 (40) 5.00 (40) 5.00 (37) 7.00 (35) 7.00 (34)<br />
Area 2. Legal System and Property Rights 8.04 8.35 9.10 8.70 8.69 8.77 8.73<br />
A. Judicial independence 9.19 8.86 9.55 9.58 9.47<br />
B. Impartial courts 9.19 8.15 7.59 7.83 7.63<br />
C. Protection <strong>of</strong> property rights 7.15 8.66 8.07 8.26 8.49<br />
D. Military interference in rule <strong>of</strong> law and politics 10.00 10.00 10.00 10.00 10.00<br />
E. Integrity <strong>of</strong> <strong>the</strong> legal system 10.00 9.65 9.17 9.17 9.17<br />
F. Legal enforcement <strong>of</strong> contracts 7.50 7.48 7.18 7.18<br />
G. Regulatory costs <strong>of</strong> <strong>the</strong> sale <strong>of</strong> real property 9.93 9.93 9.95 9.95<br />
H. Reliability <strong>of</strong> police 7.46 8.67 9.14 9.14<br />
I. Business costs <strong>of</strong> crime 8.08 7.76 7.79 7.56<br />
Area 3. Sound Money 6.31 8.64 9.54 9.65 9.65 9.49 9.45<br />
A. Money growth 9.11 (4.46) 7.25 (13.76) 9.19 (4.06) 9.73 (1.36) 9.84 (-0.81) 9.10 (4.52) 8.85 (5.75)<br />
B. Standard deviation <strong>of</strong> inflation 9.20 (2.00) 7.84 (5.39) 9.48 (1.29) 9.47 (1.33) 9.34 (1.66) 9.14 (2.15) 9.15 (2.13)<br />
C. Inflation: most recent year 6.93 (15.36) 9.46 (2.70) 9.48 (2.62) 9.39 (3.04) 9.42 (2.91) 9.74 (1.30) 9.82 (0.91)<br />
D. <strong>Freedom</strong> to own foreign currency bank accounts 0.00 10.00 10.00 10.00 10.00 10.00 10.00<br />
Area 4. <strong>Freedom</strong> to Trade Internationally 7.62 8.85 9.32 8.73 8.67 8.45 8.65<br />
A. Tariffs 7.87 6.56 9.01 8.88 9.10 9.16 9.16<br />
(i) Revenue from trade taxes (% <strong>of</strong> trade sector) 8.33 (2.50) 8.87 (1.70) 9.47 (0.79) 9.30 (1.04) 8.81 (1.79) 8.91 (1.63) 8.91 (1.63)<br />
(ii) Mean tariff rate 7.40 (13.00) 7.10 (14.50) 9.47 (0.79) 9.00 (5.00) 9.58 (2.10) 9.60 (2.00) 9.60 (2.00)<br />
(iii) Standard deviation <strong>of</strong> tariff rates 3.72 (15.70) 8.24 (4.40) 8.33 (4.17) 8.92 (2.69) 8.97 (2.58) 8.96 (2.60)<br />
B. Regulatory trade barriers 9.38 8.90 8.86 8.09 8.73<br />
(i) Non-tariff trade barriers 9.09 9.04 8.95 7.43 8.74<br />
(ii) Compliance cost <strong>of</strong> importing and exporting 9.67 8.76 8.76 8.76 8.72<br />
C. Black-market exchange rates 10.00 10.00 10.00 10.00 10.00 10.00 10.00<br />
D. Controls <strong>of</strong> <strong>the</strong> movement <strong>of</strong> capital and people 5.00 10.00 8.89 7.15 6.72 6.56 6.73<br />
(i) Foreign ownership/investment restrictions 9.32 7.84 7.36 6.89 7.40<br />
(ii) Capital controls 5.00 10.00 8.46 7.69 6.92 6.92 6.92<br />
(iii) <strong>Freedom</strong> <strong>of</strong> foreigners to visit 5.90 5.86 5.87 5.87<br />
Area 5. Regulation 6.38 8.18 7.94 8.86 8.49 8.63 8.51<br />
A. Credit Market regulations 6.18 9.59 9.83 10.00 9.61 9.89 9.90<br />
(i) Ownership <strong>of</strong> banks 5.00 10.00 10.00 10.00 10.00 10.00 10.00<br />
(ii) Private sector credit 7.54 8.77 9.49 10.00 8.84 9.67 9.70<br />
(iii) Interest rate controls (negative real interest rates) 6.00 10.00 10.00 10.00 10.00 10.00 10.00<br />
B. Labor Market regulations 6.58 6.78 5.92 8.51 8.51 8.66 8.48<br />
(i) Hiring regulations and minimum wage 3.62 8.90 8.90 8.90 8.90<br />
(ii) Hiring and firing regulations 7.62 3.07 4.46 4.54 5.09 4.14<br />
(iii) Centralized collective bargaining 5.18 5.18 8.05 7.68 7.61 7.95 7.82<br />
(iv) Hours regulations 4.57 4.31 4.84 10.00 10.00 10.00 10.00<br />
(v) Mandated cost <strong>of</strong> worker dismissal 10.00 10.00 10.00 10.00<br />
(vi) Conscription 10.00 10.00 10.00 10.00 10.00 10.00 10.00<br />
C. Business regulations 8.09 8.08 7.36 7.34 7.15<br />
(i) Administrative requirements 7.47 4.13 5.01 5.09 4.76<br />
(ii) Bureaucracy costs 7.80 6.13 2.04 2.04 2.04<br />
(iii) Starting a business 7.85 9.61 9.96 9.98 9.98<br />
(iv) Extra payments/bribes/favoritism 9.23 9.60 9.27 9.25 8.45<br />
(v) Licensing restrictions 9.81 9.81 9.40 9.40<br />
(vi) Cost <strong>of</strong> tax compliance 9.22 8.07 8.30 8.30<br />
www.free<strong>the</strong>world.com • www.fraserinstitute.org • Fraser Institute ©2016
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