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$850
US$738
GB £329
Round of golf 18 holes
NZ$20 - $100
US$13 - $63
GB £8 - £38
Cup of coffee
NZ$3.50
US$2.20
GB £1.35
32” LCD flat screen television
NZ$1088
US$79
GB £421
Pair of jeans
NZ$100 - $200
US$79 - $158
GB £38 - £77
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Movie ticket
NZ$15
US$9.50
GB £5.80
Ford focus
2.0L, 5 speed manual
5 door hatch
NZ$32,000
US$20,246
GB £12,395
Litre of petrol
NZ$2.10
US$1.32
GB £0.81
Car insurance
NZ$350/year
US$277/year
GB £135/year
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Prices may fluctuate
Exchange rates as at July 2007
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