The Australian government says its economy will be one of the better performing of developed countries this year.
Deputy Prime Minister and Treasurer Wayne Swan said global prices for resources fell last year but Australia has a strong investment pipeline in the mining industry, with committed projects to the value of about $A270 billion.
Mr Swan said this will flow through to the country's economy.
"Our economy is now 13% larger that it was prior to the global financial crisis," he told CNN.
The Treasurer said economic fundamentals are in good shape, with low public debt, solid growth, solid consumption, contained inflation and lower interest rates.
Australia is New Zealand's largest trading partner.
Separately, the Australian Foundation Investment has reported an increase in half year profit, due to an increase in income from its investment portfolio and its trading portfolio.
The company made $A132.1 million in the six months to the end of December, an increase of 16.3% compared with the same period a year earlier.
