Markets Actual Q3 Q4 Q1 Q2 2020
Currency 0.64 0.65 0.65 0.64 0.64 0.63
Stock Market (points) 10709.32 10789 10706 10622 10539 10376
Government Bond 10Y (%) 1.09 1.49 1.52 1.55 1.58 1.65
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.8 0.8 0.7 0.8 0.9
GDP Annual Growth Rate (%) 2.50 2.5 2.6 2.8 3 3.1
Unemployment Rate (%) 3.90 4.3 4.4 4.3 4.2 4.3
Inflation Rate (%) 1.70 1.9 1.8 2 1.9 2.1
Inflation Rate Mom (%) 0.60 0.7 0.9 0.6 0.5 0.3
Interest Rate (%) 1.00 1 0.75 0.75 0.75 1
Balance of Trade (NZD Million) 365.45 -1575 -400 300 200 -300
Current Account (NZD Million) 680.00 -4300 -2915 400 -1600 -2882
Current Account to GDP (%) -3.60 -2.5 -2.5 -2.4 -2.4 -2.4
Government Debt to GDP (%) 19.90 20 20 21 21 21
Government Budget (% of GDP) 1.90 1.6 1.6 1 1 1
Business Confidence (%) -44.30 -32 -30 -25 -20 10
Manufacturing PMI 48.20 47.8 49 51.5 51.2 53.4
Consumer Confidence (Index Points) 103.50 102 104 105 107 107
Retail Sales MoM (%) 0.70 0.5 0.9 1 1.2 1.3
Building Permits 3070.00 2800 2750 2800 2860 2900
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Growth Rate (%) 0.60 0.8 0.8 0.7 0.8 0.9
GDP Annual Growth Rate (%) 2.50 2.5 2.6 2.8 3 3.1
GDP (USD Billion) 205.02 215 215 219 219 219
GDP Constant Prices (NZD Million) 62800.00 62699 63940 64002 64558 65602
Gross National Product (NZD Million) 65340.00 65986 66997 67063 67170 68739
Gross Fixed Capital Formation (NZD Million) 15758.00 15384 15830 15846 16199 16242
GDP per capita (USD) 38000.70 38500 38500 38900 38900 38900
GDP per capita PPP (USD) 36354.79 37100 37100 37700 37700 37700
GDP From Agriculture (NZD Million) 3331.00 3424 3451 3454 3424 3540
GDP From Construction (NZD Million) 3930.00 3754 3879 3883 4040 3980
GDP From Manufacturing (NZD Million) 6116.00 6118 6179 6185 6287 6340
GDP From Mining (NZD Million) 816.00 750 748 748 839 767
GDP From Public Administration (NZD Million) 2744.00 2709 2797 2799 2821 2869
GDP From Services (NZD Million) 42107.00 42129 43128 43170 43286 44249
GDP From Transport (NZD Million) 2979.00 2890 3027 3030 3062 3105
GDP From Utilities (NZD Million) 1689.00 1721 1726 1728 1736 1771
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 3.90 4.3 4.4 4.3 4.2 4.3
Unemployed Persons (Thousand ) 109.00 125 124 124 126 122
Employment Change (%) 0.80 0.5 0.4 0.5 0.5 0.6
Labor Force Participation Rate (%) 70.40 70.9 70.9 70.8 71 71.2
Wages (NZD/Hour) 32.42 31.93 32.18 32.35 32.35 33.06
Wages in Manufacturing (NZD/Hour) 30.68 30.12 32 32 32 34
Minimum Wages (NZD/Hour) 17.70 17.7 17.7 19.8 19.8 19.8
Population (Million) 4.93 5.1 4.93 5.02 5.02 5.02
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Youth Unemployment Rate (%) 10.30 11.5 11.2 11 11 11
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 1.70 1.9 1.8 2 1.9 2.1
Inflation Rate Mom (%) 0.60 0.7 0.9 0.6 0.5 0.3
Consumer Price Index CPI (Index Points) 1032.00 1043 1043 1047 1045 1065
Core Consumer Prices (Index Points) 1032.00 1043 1047 1046 1047 1068
Producer Prices (Index Points) 1151.00 1170 1172 1078 1180 1180
Food Inflation (%) 0.90 1.8 2 1.8 1.6 1.7
Cpi Housing Utilities (Index Points) 1060.00 1062 1066 1074 1073 1088
CPI Transportation (Index Points) 1023.00 1064 1075 1037 1036 1098
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 1.00 1 0.75 0.75 0.75 1
Interbank Rate (%) 1.55 1.55 1.3 1.3 1.3 1.55
Deposit Interest Rate (%) 1.10 1.45 1.2 1.2 1.2 1.45
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (NZD Million) 365.45 -1575 -400 300 200 -300
Current Account (NZD Million) 680.00 -4300 -2915 400 -1600 -2882
Current Account to GDP (%) -3.60 -2.5 -2.5 -2.4 -2.4 -2.4
Imports (NZD Million) 4648.29 5450 5300 4500 4900 5400
Exports (NZD Million) 5013.73 3900 4900 4800 5100 5100
Tourist Arrivals 213500.00 270000 525000 360000 275000 530000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 19.90 20 20 21 21 21
Government Budget (% of GDP) 1.90 1.6 1.6 1 1 1
Government Spending (NZD Million) 11491.00 11485 11737 11748 11813 12042
Government Debt (NZD Million) 57495.00 58000 58000 57000 57000 57000
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Business Confidence (%) -44.30 -32 -30 -25 -20 10
Manufacturing PMI 48.20 47.8 49 51.5 51.2 53.4
Industrial Production (%) 2.20 1.3 2.1 2.3 2.5 2.5
Changes in Inventories (NZD Million) -201.00 -400 340 340 340 380
Car Registrations 6061.00 5757 5762 5764 5764 5764
Services Pmi 54.70 56 56 57 55 58
Composite Pmi 52.10 53 53.5 53.7 54 53.8
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 103.50 102 104 105 107 107
Retail Sales MoM (%) 0.70 0.5 0.9 1 1.2 1.3
Retail Sales YoY (%) 3.30 3.1 3.5 4 3.8 3.7
Consumer Spending (NZD Million) 39047.00 38981 40050 40089 40140 41091
Bank Lending Rate (%) 9.34 9.35 9.1 9.1 9.1 9.35
Housing Actual Q3 Q4 Q1 Q2 2020
Building Permits 3070.00 2800 2750 2800 2860 2900
Housing Index (%) 0.30 0.7 -0.3 0.1 0.3 0.8
Construction Output (%) 15.70 3.6 4.3 4.9 4.5 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.