New Zealand is Comparable to all OECD Countries
New Zealand manufactures a wide range of competitively-priced consumer goods of a similar style and standard to those found overseas. For items we need to import, such as cars, electrical and computer equipment and petroleum products, costs are on a par or are cheaper than in other comparable countries.
A Goods and Service Tax (GST) of 12.5% applies to everything except income and financial transactions.
Compare Costs for some Standard Items:
Washing machine
5kg electronic
NZ$755
US$600
GB £360
Round of golf 18 holes
NZ$20 - $100
US$50 - $79
GB £8 - £40
Cup of coffee
NZ$3.00
US$3.00
GB £1.20
32” LCD flat screen television
NZ$1100
US$790
GB £800
Pair of jeans
NZ$100 - $200
US$79 - $158
GB £40 - £80
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Movie ticket
NZ$15
US$10-$12
GB £5
Ford focus
2.0L, 5 speed manual
5 door hatch
NZ$31,990
US$14,395
GB £12,812
Litre of petrol
NZ$2.10
US$1.55
GB £0.80
Car insurance
NZ$350/year
US$277/year
GB £140/year
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Prices may fluctuate
Exchange rates as at July 2007
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