Lyrics:

There is no depression in New Zealand
There are no sheep on our farms
There is no depression in New Zealand
We can all keep perfectly calm
But everybody's talking about World War Three
'Cause everybody's talking about World War Three
But we're as safe as safe can be
There's no unrest in this country
We have no dole queues
We have no drug addicts
We have no racism
We have no sexism
Sexism, no, no
There is no depression in New Zealand
There are no teeth in our heads
There is no depression in New Zealand
We sleep in a well made bed
Oh, but everybody's talking about World War Three
Yes, everybody's talking about World War Three
But we're as safe as safe can be
There's no unrest in this country
We have no SIS
We have no secrets
We have no rebellion
We have no Valium
Valium, no, no
There is no depression in New Zealand
There are no sheep on our farms
There is no depression in New Zealand
We can all keep perfectly calm
Perfectly calm
Perfectly calm
Perfectly calm
Perfectly calm