most of new zealands land supports which economic activity
agriculture Pastoral farming
title: Economic history of New Zealand text: Economic history of New Zealand The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea. It is a mixed economy that functions on free-market principles and has a sizable manufacturing and service sector and an efficient agricultural sector. New Zealand has the 54th largest export economy in the world measured by nominal gross domestic product. In 2016, New Zealand title: Economy of New Zealand text: "New Zealand dollars (NZ$) per US$1" – 1.4771 (2016), 1.2652 (2012), 1.3869 (2005), 1.5248 (2004), 1.9071 (2003), 2.1622 (2002), 2.3788 (2001), 2.2012 (2000), 1.8886 (1999), 1.8632 (1998), 1.5083 (1997), 1.4543 (1996), 1.5235 (1995) Economy of New Zealand The economy of New Zealand is the 53rd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 68th-largest in the world when measured by purchasing power parity (PPP). New Zealand has one of the most globalised economies and depends greatly on international trade – mainly with Australia, the European Union, the United States, China, South Korea, Japan title: Economy of New Zealand text: of all GDP activity . Large-scale manufacturing industries include aluminium production, food processing, metal fabrication, wood and paper products. Mining, manufacturing, electricity, gas, water, and waste services accounted for 16.5% of GDP . The primary sector continues to dominate New Zealand's exports, despite accounting for only 6.5% of GDP . The major capital market is the New Zealand Exchange, known as the NZX. , NZX had a total of 258 listed securities with a combined market capitalisation of NZD $94.1 billion. New Zealand's currency, the New Zealand dollar (informally known as the "Kiwi dollar") also circulates in five Pacific island title: Economy of New Zealand text: Economy of New Zealand The economy of New Zealand is the 53rd-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 68th-largest in the world when measured by purchasing power parity (PPP). New Zealand has one of the most globalised economies and depends greatly on international trade – mainly with Australia, the European Union, the United States, China, South Korea, Japan and Canada. New Zealand's Closer Economic Relations agreement with Australia means that the economy aligns closely with that of Australia. New Zealand's diverse market economy has a sizable service sector, accounting for 63% title: Agriculture in New Zealand text: Agriculture in New Zealand In New Zealand, agriculture is the largest sector of the tradable economy, contributing about two-thirds of exported goods in 2006–7. For the year ended March 2002, agricultural exports were valued at over $14.8 billion. New Zealand is unique in being the only developed country to be totally exposed to the international markets since subsidies, tax concessions and price supports for the agricultural sector were removed in the 1980s. However, as of 2017, the New Zealand Government still provides state investment in infrastructure which supports agriculture. Pastoral farming is the major land use but there are increases