New Zealand ranks highly in international comparisons of national performance, such as quality of life, education, protection of civil liberties, government transparency, and economic freedom. The country was the first to introduce a minimum wage and the first to give women the right to vote. New Zealand underwent major economic changes during the 1980s, which transformed it from a protectionist to a liberalized free-trade economy. The service sector dominates the national economy, followed by the industrial sector, and agriculture; international tourism is also a significant source of revenue. Nationally, legislative authority is vested in an elected, unicameral Parliament, while executive political power is exercised by the Cabinet, led by the prime minister, currently Chris Hipkins. King Charles III is the country's monarch and is represented by the governor-general. In addition, New Zealand is organized into 11 regional councils and 67 territorial authorities for local government purposes.
New Zealand's climate is predominantly temperate maritime (Köppen: Cfb), with mean annual temperatures ranging from 10 °C (50 °F) in the south to 16 °C (61 °F) in the north. Historical maxima and minima are 42.4 °C (108.32 °F) in Rangiora, Canterbury, and −25.6 °C (−14.08 °F) in Ranfurly, Otago. Conditions vary sharply across regions from extremely wet on the West Coast of the South Island to semi-arid in Central Otago and the Mackenzie Basin of inland Canterbury and subtropical in Northland. Of the seven largest cities, Christchurch is the driest, receiving on average only 618 millimeters (24.3 in) of rain per year, and Wellington is the wettest, receiving almost twice that amount. Auckland, Wellington, and Christchurch all receive a yearly average of more than 2,000 hours of sunshine.
71.8% of New Zealand residents identified ethnically as European, and 16.5% as Māori. Other major ethnic groups include Asian (15.3%) and Pacific peoples (9.0%), two-thirds of whom live in the Auckland Region. The population has become more multicultural and diverse in recent decades: in 1961, the census reported that the population of New Zealand was 92% European and 7% Māori, with Asian and Pacific's minorities sharing the remaining 1%.
New Zealand has an advanced market economy, ranked 13th in the 2021 Human Development Index, and fourth in the 2022 Index of Economic Freedom. It is a high-income economy with a nominal gross domestic product (GDP) per capita of US$36,254.