Photograph: Auckland CBD and a view of the Sky Tower. Photography by Dominey Flores.
New Zealand’s economy is growing steadily even amidst economic downturns in other countries. New Zealand’s strength lies in its’ stable government that is focused on economic growth and development. Over the last five years the country’s government has passed economic reforms to enhance the commercial sector, and enable entrepreneurs to ‘do business’ easier.
New Zealand has recently ranked a close second to Singapore among the best places to do business in the world according to a recent World Bank survey. The tax regime for companies is attractive as are incentives to invest in the country, which includes among the shortest time to set up a business in the developed world, the costs of running a business are low and a social general environment favouring businesses are all responsible for the massive foreign direct investments that the country has attracted in recent years.
According to the Reserve Bank of New Zealand, the country’s central bank, growth projections for 2015 are expected to hit or exceed 3%. This has been supported by continued low inflation rates coupled with a consistently low unemployment rate which is among the most impressive in the developed world at the moment.
A 4.6 percent growth of the labour force is expected in the year 2015 which is one of the most impressive in recent history. Also enjoying historic highs is the annual increase in long-term and permanent skilled immigration fuelled by the robust economy’s capacity to absorb foreign skilled workers. This immigration is expected to be in the excess of 50,000 in 2015 alone.
There has been a significant rise in the GDP’s investment share. This has risen from what was then an impressive 21% in and around 2011 to 2014 figure 24%. There has been a sustained increment in investment with serious investment in construction in and around the major cities of Auckland and Christchurch. This has not been the only driving force in the economy; a gradual decline in the prices of capital goods and an ever expanding demand has resulted in a positive economic outlook.
Challenges to be faced in the near future
The overall outlook is favourable for the foreseeable future barring a massive natural catastrophe.
What is lacking in most sectors is the supply of skilled staff to help drive this growth; this has necessitated the immigration of tens of thousands of skilled workers to New Zealand to take advantage of the country’s rapidly expanding economy.
Skilled foreign workers are welcome to New Zealand. A thriving economy needs a sufficient, skilled and dedicated workforce, particularly in the face of an ageing population. The country’s population cannot sustain this and this has led to massive job opportunities that foreign skilled workers can apply for and get hired.
The economy is experiencing a chronic supply in some skilled jobs. This is being experienced in most growth sectors which include:
This information is supplied by Immigration New Zealand, the department charged with overseeing immigration issues in the country.
If you have an occupation and recognised qualifications that match a skilled occupation on the Long Term Skill Shortage List, you might be eligible to apply for Residence under the Skilled Migrant Category. This means that you must be in possession of the right papers and be registered with the local professional associations which may necessitate the taking of local examinations to ascertain your suitability. This is in addition to satisfying all other requirements that are not directly associated with the job you are being offered (i.e., medical and character requirements).
Why Relocating to New Zealand is a Smart Move
New Zealand has consistently topped the countries with the best employment rights, work life balance, and socio-political environment to raise a family. New Zealand’s egalitarian government places immense emphasis on respecting basic human rights, providing decent and subsidised education, health care, housing and social support. This, coupled with the fact that New Zealand has one of the lowest crime rates in the world has made it the ideal place to live,work and raise a family.