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Economy, Services

business consultancy, retail sales, banking, GDP, tourists

The services sector is the most important to the economy in terms of contribution to GDP and employment. Services include tourism, transportation, retail sales, hospitality, education, health, business consultancy, and banking. These are mostly urban trades, although many serve agricultural production as well. Tourism is one of the most important components of this sector in New Zealand. Ten percent of New Zealand jobs are in the tourism industry. Tourism is also the country’s top earner of foreign exchange. In 2001 New Zealand hosted 1.9 million tourists from countries such as Australia, the United Kingdom, the United States, Japan, South Korea, China, and Germany.

Article key phrases:

business consultancy, retail sales, banking, GDP, tourists, important components, South Korea, tourism industry, services sector, Japan, economy, China, Australia, countries, hospitality, United States, transportation, health, employment, United Kingdom, education


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