Markets Actual Q1 Q2 Q3 Q4 2020
Currency 0.67 0.66 0.66 0.65 0.65 0.64
Stock Market (points) 9144.01 8737 8664 8591 8519 8376
Government Bond 10Y (%) 2.35 2.43 2.47 2.5 2.54 2.62
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.6 0.6 0.8 0.8 1
GDP Annual Growth Rate (%) 2.60 2.8 3.1 2.5 2.9 2.6
Unemployment Rate (%) 3.90 4.5 4.5 4.4 4.4 4.3
Inflation Rate (%) 1.90 1.6 1.7 1.9 1.8 2.1
Inflation Rate Mom (%) 0.90 0.4 0.5 0.7 0.9 0.3
Interest Rate (%) 1.75 1.75 1.75 2 1.75 2
Balance of Trade (NZD Million) -861.00 400 -500 -1575 -400 -300
Current Account (NZD Million) -6150.00 75 -650 -4271 -2915 -2882
Current Account to GDP (%) -2.80 -2.5 -2.5 -2.5 -2.5 -2.4
Government Debt to GDP (%) 22.20 20 20 20 20 21
Government Budget (% of GDP) 1.50 1.6 1.6 1.6 1.6 1
Business Confidence (%) -24.10 -34 -34 -32 -30 15
Manufacturing PMI 55.10 53.1 52.6 53 53 54
Consumer Confidence (Index Points) 109.10 111 107 108 109 107
Retail Sales MoM (%) 0.00 1.2 1.1 1.1 1.2 1.3
Building Permits 2665.00 2100 2150 2300 2250 2400
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Growth Rate (%) 0.30 0.6 0.6 0.8 0.8 1
GDP Annual Growth Rate (%) 2.60 2.8 3.1 2.5 2.9 2.6
GDP (USD Billion) 205.85 225 225 225 225 250
GDP Constant Prices (NZD Million) 61952.00 61845 62614 62726 63749 65406
Gross National Product (NZD Million) 65165.00 65731 66240 65980 67055 68798
Gross Fixed Capital Formation (NZD Million) 15231.00 15659 15605 15421 15673 16080
GDP per capita (USD) 37852.87 38500 38500 38500 38500 38900
GDP per capita PPP (USD) 36085.84 37100 37100 37100 37100 37700
GDP From Agriculture (NZD Million) 3376.00 3303 3402 3418 3474 3564
GDP From Construction (NZD Million) 3699.00 3828 3844 3791 3806 3905
GDP From Manufacturing (NZD Million) 6052.00 6088 6198 6128 6228 6389
GDP From Mining (NZD Million) 738.00 815 677 756 759 779
GDP From Public Administration (NZD Million) 2654.00 2703 2721 2720 2731 2802
GDP From Services (NZD Million) 41638.00 41598 42076 42158 42846 43959
GDP From Transport (NZD Million) 2856.00 2851 2903 2892 2939 3015
GDP From Utilities (NZD Million) 1692.00 1687 1759 1713 1741 1786
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 3.90 4.5 4.5 4.4 4.4 4.3
Employed Persons (Thousand ) 2663.00 2600 2640 2645 2660 2700
Unemployed Persons (Thousand ) 109.00 123 124 125 124 125
Employment Change (%) 1.10 1.1 0.2 0.79 0.4 0.4
Labor Force Participation Rate (%) 71.10 70.8 70.8 70.9 70.9 71.2
Wages (NZD/Hour) 31.39 31.8 31.93 32.18 32.35 33.06
Wages in Manufacturing (NZD/Hour) 29.92 31.2 30.12 30.45 32 34
Minimum Wages (NZD/Hour) 16.50 18 18 18 18 20
Population (Million) 4.84 5.1 5.1 5.1 5.1 5.2
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Youth Unemployment Rate (%) 10.90 11.53 11.22 11.19 11.19 11.31
Part Time Employment (Thousand) 554.00 557 558 561 563 571
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.90 1.6 1.7 1.9 1.8 2.1
Inflation Rate Mom (%) 0.90 0.4 0.5 0.7 0.9 0.3
Consumer Price Index CPI (Index Points) 1024.00 1027 1032 1043 1042 1064
Core Consumer Prices (Index Points) 1024.00 1035 1041 1047 1046 1067
Producer Prices (Index Points) 1140.00 1134 1134 1140 1140 1145
Food Inflation (%) 1.00 0.7 1.3 1.8 2 1.7
Cpi Housing Utilities (Index Points) 1042.00 1038 1049 1062 1061 1083
CPI Transportation (Index Points) 1044.00 1034 1037 1064 1063 1085
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 1.75 1.75 1.75 2 1.75 2
Interbank Rate (%) 2.23 2.2 2.2 2.45 2.2 2.2
Deposit Interest Rate (%) 3.20 3.2 3.2 3.45 3.2 3.2
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (NZD Million) -861.00 400 -500 -1575 -400 -300
Current Account (NZD Million) -6150.00 75 -650 -4271 -2915 -2882
Current Account to GDP (%) -2.80 -2.5 -2.5 -2.5 -2.5 -2.4
Imports (NZD Million) 5799.88 5100 5300 5450 5300 5400
Exports (NZD Million) 4938.98 5500 4800 3900 4900 5100
Terms of Trade (Index Points) 1444.00 1424 1398 1392 1383 1374
Tourist Arrivals 283568.00 390000 390000 250000 525000 530000
Weapons Sales (USD Million) 4.00 5 5 5 5 1.5
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 22.20 20 20 20 20 21
Government Budget (% of GDP) 1.50 1.6 1.6 1.6 1.6 1
Government Budget Value (NZD Million) 4069.00 8143 8373 8602 8831 9933
Government Spending (NZD Million) 11294.00 11571 11773 11576 11622 11924
Government Revenues (NZD Million) 109973.00 111193 112641 114089 115537 118329
Fiscal Expenditure (NZD Million) 104014.00 103049 104268 105487 106706 108396
Military Expenditure (USD Million) 2225.60 2450 2450 2450 2450 2480
Government Debt (NZD Million) 59480.00 58000 58000 58000 58000 57000
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
Sales Tax Rate (%) 15.00 15 15 15 15 15
Social Security Rate (%) 11.00 11 11 11 11 11
Social Security Rate For Companies (%) 3.00 3 3 3 3 3
Social Security Rate For Employees (%) 8.00 8 8 8 8 8
Business Actual Q1 Q2 Q3 Q4 2020
Business Confidence (%) -24.10 -34 -34 -32 -30 15
Manufacturing PMI 55.10 53.1 52.6 53 53 54
Industrial Production (%) -0.30 3 3.6 1.81 3.2 3.4
Capacity Utilization (%) 92.80 92.58 92.52 92.62 92.75 92.71
Changes in Inventories (NZD Million) 142.00 600 80 -400 340 380
Car Registrations 5871.00 5739 5757 5762 5764 5764
Services Pmi 53.50 54.71 54.69 54.68 54.68 54.68
Composite Pmi 53.80 54.1 53.7 53 53.5 53.8
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 109.10 111 107 108 109 107
Retail Sales MoM (%) 0.00 1.2 1.1 1.1 1.2 1.3
Retail Sales YoY (%) 2.70 4.2 3.8 3.6 3.8 3.7
Consumer Spending (NZD Million) 38478.00 38268 38692 38959 39594 40623
Bank Lending Rate (%) 9.41 9.42 9.42 9.67 9.42 9.42
Housing Actual Q1 Q2 Q3 Q4 2020
Building Permits 2665.00 2100 2150 2300 2250 2400
Housing Index (%) 0.80 0.5 0.3 0.7 -0.3 1.2
Construction Output (%) 8.10 3.8 4 3.6 4.3 4
Home Ownership Rate (%) 64.80 64.29 64.29 64.29 64.29 64.29


This page has economic forecasts for New Zealand including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the New Zealand economy.