Agriculture is 45% of exports. Expected to rise 6% by 2022.
Agriculture & Forestry Jobs | Work in NZ | New Zealand Now
"Agriculture and forestry are among New Zealand's powerhouse industries. Together with fisheries and related industries they generated 44.6% of our total overseas trade in the year to June 2015 and employed over 141,400 people or over 6% of our total workforce. It’s big business by any reckoning - and your chance to work in a sector that makes waves around the world.
Despite some challenging conditions in 2015, the meat, horticulture, seafood and other sectors grew strongly, helping to offset slowdowns in dairy and forestry. Medium term prospects are good with the Ministry for Primary Industries forecasting earnings from the sector to rise around 6% between 2018 and 2022.
New Zealand is the world's largest dairy and sheep meat exporter."
My point was that their tourism receipts will be hit by the coronavirus. Agriculture exports should not be affected too much. MOO
But their amount of exports is very low. 45% of a low number is not a big deal. As I keep stating, New Zealand already knows this. If they can consume more of their own product and do without the things they have been importing (and they can), they'll be fine.
Why so much interest in seeing New Zealand deal with what could be a 10% decline in GDP when UK and US are looking at much higher declines?
Further, New Zealand is proposing for itself different measures of economic health, something other nations should take a look at. And to conclude, NZ can still export via air cargo if there's something specific it also needs to import.
Tourism is a much bigger part of California's economy. MUCH bigger. And we too will survive. New Zealand will not have a really big problem covering that missing 5% of GDP, especially as they're using other measures (health related) to judge how well their economy is doing. Jobs lost in tourism can go to other sectors, where people are much needed.
UK's tourism is going to be hit MUCH harder. It's
10% not 5.5% like NZ. For France it's 9% but interestingly, half of it is Euros spent by French people traveling within France - and of course, the EU makes up another couple of percent - so they're good.
Greece is the nation with a real problem, not New Zealand. Greece has wanted to curtail tourism, as many islands think they are over-touristed. However, no one wants to get rid of it altogether because it may be as much as 30% of GDP.
All incoming Europeans (including UK) will be required to have a test and be in quarantine in Greece for a week. Kind of eats up vacation time, doesn't it? If positive, then 2 weeks mandatory. I believe the tourist has to pay for this though (so you can see how that helps the "tourist" economy a bit). Athens will be the main point of entry.
So if New Zealand decides to separate itself from the rest of the globe for a year, it should be fine. Greece is prepared to take a hit in tourism; all European visitors have to pay for 1 week of staying in a hotel room with room service of delivery as part of their "Greek holiday" before they can go on to the island where they want to frolic in the sun.
Personally, I think tourism globally is going to experience an extraordinary decline, regardless of what New Zealand expects or does - it just isn't going to happen. Air travel is still something like 1/10th of what it was last year.
Do you think Brits will book Greek vacations under these new rules? I'm very curious. We'll know soon enough ( I guess people with a 2 week holiday planned might not mind spending 1 week of it locked in the same hotel without a pool or other amenities, just being in their room - could be relaxing if there was a view ).
