Ireland and New Zealand are two countries which have successfully changed their economies from agrarian to knowledge based economy. In the last few decades, the two countries have made great strides in changing the face of their economies and successfully moved from dependant on agrarian economy.
However, New Zealand still maintains a strong and profitable agrarian sector although its contribution to the GDP output has been minimal compared to other sectors. There are peculiar changing economic landscapes in both countries as evidenced in household savings. Ireland was however more affected by the current economic crisis compared to New Zealand. This paper will make a comparative analysis of some economic aspects between Ireland and New Zealand.