Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Transparency in public procurement
New Zealand's public procurement notices are made available online and tender documents transparently detail procurement procedures. The transparency of the process encourages more participation and greater competition, which drive value for money.
Cost to start a business
According to the World Bank, the average cost of starting a business in New Zealand is 0.2% of income per capita, easing the entry of new firms.
Time required to start a business
According to the World Bank, it only takes half a day to start a business in New Zealand, the shortest timeframe of any InfraCompass 2020 country. Shorter times to set up can persuade businesses, including new infrastructure entities, to set up in a country.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Procurement:
Transparency in public procurement
Permits:
Cost to start a business
Permits:
Time required to start a business
Opportunities to Grow
Long term GDP growth trend
Although New Zealand's long-term GDP growth rate has risen to 2.6% from a 20-year low in 2015 of 2.1%, it is still lower than its 20 year average of 3%. Long-term growth rates signal a country’s capacity to fund infrastructure from future growth.
Stocks traded
New Zealand’s value of stocks traded as a share of GDP was 6%, compared to the average of 43% for High Income Countries. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
Gross government debt
New Zealand’s gross government debt fell to 29.5% of GDP in 2019, a decline that has continued from a peak of 35.7% of GDP in 2012. Although higher than the 20 year average of 28%, the 2019 figure is still lower than the High Income Countries’ average of 74% of GDP, suggesting capacity to borrow to fund infrastructure.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Funding capacity:
Long term GDP growth trend
Financial markets:
Stocks traded
Funding capacity:
Gross government debt
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
New Zealand
High Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
48,317 USD
Population5.1 million persons
75.5 (0-100 best)
Infrastructure investment2.8% of GDP
Infrastructure gap0.3% of GDP
204.7 USD billion
GDP growth rate2.5%
GDP per capita growth rate-1.4%
Gross Government Debt30.0% of GDP
Inflation rate1.4%
Summary credit rating93.0 (0-100 best)
Unemployment rate4.8%
Urbanisation ratio87.0% of total population
Road connectivity80.9 (0-100 best)
Quality of road infrastructure4.5 (1-7 best)
3.9 (1-7 best)
Efficiency of air transport services5.5 (1-7 best)
Efficiency of seaport services4.9 (1-7 best)
Electricity access100.0% of population
Electricity supply quality7.1% of output lost
Exposure to unsafe drinking water2.2% of population
Reliability of water supply6.1 (1-7 best)
Digital Adoption Index0.7 (0-1 best)
Mobile-broadband subscriptions114.5 per 100 population
Fixed-broadband Internet subscriptions34.7 per 100 population