New Zealand ranks highly on most indicators of well-being, but incomes are below the OECD average due to low labour productivity.
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Analysis for New Zealand from OECD trade facilitation indicators that identify areas where countries can improve border procedures, reduce trade costs, boost trade flows and reap greater benefits from international trade.
New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors.