New Zealand Average Salaries & Expenditures

 
Contents
Average Employment Income   Average Salary per Sector   Total Personal Average Income   Consumption Expenditure   Workforce Composition
Vacation Time   Exchange Rates   Cost of Living   References
 

Average Employment Income

:
annual, per worker, incl. dependent & self employment
   Disposable (1)  Gross (2)   
2004
19,708
27,540
 
25,264
35,304
 
constant 2005 US$ at PPP
current dollars
(1)    Based on gross employment average income and non-consumption expenditure per worker.
(2)    Based on salary & business average income per capita and proportion of workers to household size.
Source: New Zealand Household Economic Survey [26], 2003-2004 (1.35 workers and 2.69 persons per household).
 

Average Salary in New Zealand - Sector Comparison.

Sector  Net Monthly Income  constant 2005 US$ (1) Notes                                                                               Gross Monthly Average Income (2) Compulsory Deductions (3) Weekly Hours (4)
 
Gas-Electricity-Water average income PPP $ 2,635 $ 2,519 Standardized income (175 hours/month), full-time equivalent employees, 2004. 4,975 dollars 26% 38.3
Mining-Quarrying average income PPP $ 2,620 $ 2,505 Standardized income (185 hours/month), full-time equivalent employees, 2004. 4,947 dollars 26% 43.1
Financial average income PPP $ 2,489 $ 2,380 Standardized income (165 hours/month), full-time equivalent employees, 2004. 4,637 dollars 25% 34.5
Education average income PPP $ 2,130 $ 2,037 Standardized income (160 hours/month), full-time equivalent employees, 2004. 3,917 dollars 24% 29.9
Real Estate average income PPP $ 2,003 $ 1,915 Standardized income (160 hours/month), full-time equivalent employees, 2004. 3,683 dollars 24% 34.7
Transport-Communication average income PPP $ 1,947 $ 1,861 Standardized income (180 hours/month), full-time equivalent employees, 2004. 3,533 dollars 23% 39.4
Manufacturing average income PPP $ 1,913 $ 1,829 Standardized income (180 hours/month), full-time equivalent employees, 2004. 3,472 dollars 23% 38.0
All Sectors average income PPP $ 1,858 $ 1,776 Standardized income (165 hours/month), full-time equivalent employees, 2004. Excl. agriculture, hunting, fishing. 3,328 dollars 22% 34.8
Construction average income PPP $ 1,811 $ 1,732 Standardized income (180 hours/month), full-time equivalent employees, 2004. 3,245 dollars 22% 39.0
Hotels-Restaurants average income PPP $ 1,184 $ 1,132 Standardized income (160 hours/month), full-time equivalent employees, 2004. 2,094 dollars 21% 29.8
 
  (1) The net average income in "constant 2005 US$" is computed using the Interbank nominal exchange rate [a] and the U.S. inflation rate [d]. The net average income in "constant 2005 US$" at PPP is computed using the OECD PPP exchange rates for actual individual consumption [l] and the U.S. inflation rate [d]. The latter reflects the purchasing power in the United States in 2005.
  (2) The gross monthly average income is based on data supplied by Statistics New Zealand to the International Labour Organization [9]. The average income includes the salaries and wages of paid employees. Employees include both men and women unless otherwise noted.
  (3) The compulsory deductions are obtained from the New Zealand PAYE Tax Calculator [t]. The deductions are limited to income tax; there is no social security contribution by the employee in New Zealand. The deductions are representative of single-earner-married-without-child status (tax category M).
  (4) The number of hours worked per week is based on data supplied by Statistics New Zealand to the International Labour Organization [9]. The hours by sector correspond to the hours actually worked.
 
 

Personal Average Income

:
annual, per capita, incl. non-monetary income
   Disposable (1)  Gross   Salary   Business   Property   Transfer (2)    
2004
12,830
17,928
 
16,033
22,404
 
11,223
15,683
 
1,459
2,039
 
 
2,052
2,868
 
constant 2005 US$ at PPP
current dollars
(1)    Compulsory deductions over gross income are approximate.
(2)    Incl. private and public superannuation, government benefits.
Source: New Zealand Household Economic Survey [26], 2003-2004 (2.69 persons per household).
 

Consumption Expenditure

:
annual, per capita, incl. non-monetary expenditure
   Total   Health   Housing (1)  Food   Apparel   Education   Transport     
2004
11,524
16,104
 
378
528
 
4,551
6,360
 
1,978
2,764
 
421
588
 
275
384
 
1,967
2,748
 
constant 2005 US$ at PPP
current dollars
(1)    Incl. rent, mortgage payments, property maintenance, fuel and power, appliances, household equipment, utensils, furnishings, supplies.
Source: New Zealand Household Economic Survey [26], 2003-2004 (2.69 persons per household).
 

Workforce Composition

:
percentage of total workforce
   Primary (1)  Manufacturing   Education   Financial   Paid Employees   Unemployed  
2005 7.3   13.6   7.9   3.2   81.0   3.8  
%
(1)    Agriculture, hunting, forestry, fishing, mining, and quarrying.
Source: International Labour Organization [9].
 

Workforce Size

 :  
2.1 million (2005).
Source:   International Labour Organization [9].
 

Population

 :  
4.08 million (2006).
Source:   CIA World Factbook [b].
 

Compulsory Deductions

 :  
20.5% for a single with no child, 14.5% for a single with two children, 20.5% for a one-earner married couple with no child, and 14.5% for a one-earner married couple with two children.
Source:   OECD Tax Database data, 2005, combined deductions on a gross monthly salary income of 3,412 dollars including family allowances in terms of cash transfers [k].
 

Vacation Time

 :  
4 weeks per year as of April 1st 2007 (legally required minimum vacation time) [e].
 

Inflation

 :  
112.7 (2001), 115.7 (2002), 117.7 (2003), 120.5 (2004), 123.9 (2005);
Source:   IMF inflation rates [d], Index: 1995=100.
 

PPP Exchange Rate

 :  
1.403 (2001), 1.408 (2002), 1.451 (2003), 1.439 (2004), 1.486 (2005);
Source:   OECD PPP exchange rates for actual individual consumption [l], New Zealand dollars per U.S. dollar.
 

Nominal Exchange Rate

 :  
2.374 (2001), 2.151 (2002), 1.717 (2003), 1.505 (2004), 1.419 (2005);
Source:   Interbank nominal exchange rates [a], New Zealand dollars per U.S. dollar.
 

Cost of Living

 :  
0.651 (2001), 0.710 (2002), 0.876 (2003), 1.001 (2004), 1.069 (2005);
Source:   Interbank nominal exchange rates [a] and IMF PPP exchange rates [d], US=1.000.
 

 

References

 
[9]   International Labour Organization. Compilation of average salary income worldwide. Classified by country, by employment category, and by gender.
[26]   Statistics New Zealand.
[a]   Interbank nominal exchange rate, Oanda.com; historical currency converter for over 164 currencies and 3 metals.
[d]   World Economic Outlook Database, September 2006, International Monetary Fund.
[e]   Vacation - Wikipedia, from Wikipedia, the free encyclopedia.
[k]   OECD Tax Database. Annual database providing comparative information on personal and corporate income tax and consumption tax systems and rates in OECD countries since 2000. Information on social security contributions levied on employees and their employers is also reported.
[l]   OECD. PPP exchange rates for actual individual consumption.
[t]   New Zealand PAYE Tax Calculator.
 
Other links:
Social Security in New Zealand, Social Security Programs Throughout the World, 2004-2005, compiled by the U.S. Social Security Administration.
New Zealand Economy Overview, CIA World Factbook.
New Zealand: Selected Internet Resources, U.S. Library of Congress.