Why is New Zealand so much poorer than Australia?

Why is New Zealand so much poorer than Australia?

not enough chinks bucks

Is it?

Australia 50k
New Zealand 40k

Compare that to Ireland vs. UK

Ireland 62k
UK 40k

The UK is as poor as NZ, while Ireland is way richer than Australia.

they got heaps of minerals

huh? that decline is absolute rubbish. Our GDP has been growing by ~3-5% each year for 30 years, uninterrupted.

GDP per capita
Australia: $67,035.57
New Zealand: $37,749.44

We have a steady and stable economy, Australia's is based off mining but that's drying up quickly on the west coast. Sadly lost lots of money in the Perth property market.

cos those kangeroo riding koala rapists stole our fucking pavlova!!!

>huh? that decline is absolute rubbish. Our GDP has been growing by ~3-5% each year for 30 years, uninterrupted.

The fluctuations are mostly exchange rate movements.

You can also look at GDP per capita on a PPP basis.

The OP used constant 2010 dollars, which is misleading as the exchange rates are "locked in" in 2010 while still not going for PPP.

Kiwis suck and cant lay proper eggs.

Because their economy was pretty tightly tied to agricultural exports to the UK

And then the UK decided to join the EU which completely fucked over Australia and NZ's trade with the UK

Australia was also hit by it but by to a significantly less so

NZ pretty much spent all of the 80's and 90's rebuilding their economy so that It wasn't reliant on agricultural export to the UK

The irony is that Australia learned absolutely nothing from this because we are reliant on rock exports to Asia

Lack of natural resources. Smaller population base. Lack of economic diversity.

Also this. Plus for a long time we were really just a source of troops for the British Empire.

40k is basically four times the gdp of Brazil. They are basically comparable to South Korea and Japan, only geographically much more pleasant.

Also, the country is one big farm. Think of how cheap most food products are in relation to the paycheck. Both New Zealand and Australia are blessed as fuck.

NZ is a beautiful country and has a purity money can't buy

we did not genocided our natives.
Aussies are based

Mining

LOL mate, if anything food is more expensive here.

Basically mining and a good trade relationship with Asia, NZ too preoccupied with being "clean" which might not be a bad thing in the long run

It's actually pretty expensive to get good healthy food here in NZ. We export most of our good stuff and keep the crap stuff

You just explained why it's better to measure gdp in constant us dollars rather than current dollars. Yearly fluctuations in exchange rates don't necessarily represent changes in economic output.

Also PPP is a giant meme. It's too heavily reliant on estimates; China once had its ppp-adjusted gdp revised by 40%.

you get one love

>You just explained why it's better to measure gdp in constant us dollars rather than current dollars. Yearly fluctuations in exchange rates don't necessarily represent changes in economic output.

Yes, this is correct for NOMINAL GDP per capita.

For PPP it makes sense to look at current international dollars, as PPP looks into how much you can actually buy in terms of goods... but expressed in current dollars. Using historic dollars makes no sense when looking at PPP.

We're not. Australia has been getting a hiding lately and now we are filling up with aussies and expats. If they keep up with the down syndrome governments we are going to overtake them.

Now show the gdp per capita adjusted to PPP
Notice anything?

and no women can resist our men

>Think of how cheap most food products are in relation to the paycheck
food is my second biggest expense, a 1/4 of that 40k if not more would go on food every year.

kek, didn't you guys catch political down syndrome from us, with bucktooth babe and friends but not friends squad

i would try not to laugh also if i seen some dude in public wearing a g string with tattoos on his arse during winter.

The UK tanked our economy in the eighties as one of their conditions to join the EEC and then libertarians raped it

Mrs Ed knows her place.

That data on cost of living is skewed over bad sampling. You guys all live in Auckland, right? If you compare the cost of living of Auckland with places like New York or Los Angeles you'll see that it's quite okay for a big city.

Rural New Zealand must be cheaper than most places in the US. There are places in both New Zealand and Australia which are cheap as fuck, beautiful, and with near zero crime when compared to Brazil.

Australia and Canada: ultra high IQ city people

UK, America and NZ: rural and suburban retards

we are reducing our immigration fast right fucking now convict boy. hows your africans?

>literally the "do it faggot!" face

added to my bugman collection

Not a lack just our govt is too cucked to exploit our resources and bring us into the golden age.

Australia never learned anything, we exported wool, iron ore, agriculture products, and natural resources, all raw materials, we never export industrial manufacture products like Japan, Germany and America do.