Markets Actual Q2 Q3 Q4 Q1 2020
Currency 0.67 0.68 0.67 0.67 0.66 0.65
Stock Market (points) 9959.62 9768 9692 9617 9542 9394
Government Bond 10Y (%) 2.00 1.87 1.9 1.94 1.97 2.05
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 0.7 0.8 0.8 0.7 1
GDP Annual Growth Rate (%) 2.30 3.1 2.5 2.7 2.8 2.6
Unemployment Rate (%) 4.30 4.2 4.4 4.4 4.3 4.3
Inflation Rate (%) 1.50 1.7 1.9 1.8 1.9 2.1
Inflation Rate Mom (%) 0.10 0.5 0.7 0.9 0.6 0.3
Interest Rate (%) 1.75 1.5 1.5 1.5 1.75 2
Balance of Trade (NZD Million) 11.70 -500 -1575 -400 300 -300
Current Account (NZD Million) -3260.00 -650 -4271 -2915 400 -2882
Current Account to GDP (%) -2.80 -2.5 -2.5 -2.5 -2.4 -2.4
Government Debt to GDP (%) 22.20 20 20 20 21 21
Government Budget (% of GDP) 1.50 1.6 1.6 1.6 1 1
Business Confidence (%) -38.00 -38 -32 -30 -25 15
Manufacturing PMI 51.90 52.6 53 53 53.5 54
Consumer Confidence (Index Points) 103.80 107 108 109 108 107
Retail Sales MoM (%) 1.70 1.1 1.1 1.2 1 1.3
Building Permits 3307.00 2150 2300 2250 2300 2400
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 0.7 0.8 0.8 0.7 1
GDP Annual Growth Rate (%) 2.30 3.1 2.5 2.7 2.8 2.6
GDP (USD Billion) 205.85 225 225 225 250 250
GDP Constant Prices (NZD Million) 62259.00 62621 62699 63940 64002 65602
Gross National Product (NZD Million) 65236.00 65984 65986 66997 67063 68739
Gross Fixed Capital Formation (NZD Million) 15414.00 15601 15384 15830 15846 16242
GDP per capita (USD) 37852.87 38500 38500 38500 38900 38900
GDP per capita PPP (USD) 36085.84 37100 37100 37100 37700 37700
GDP From Agriculture (NZD Million) 3360.00 3407 3424 3451 3454 3540
GDP From Construction (NZD Million) 3777.00 3790 3754 3879 3883 3980
GDP From Manufacturing (NZD Million) 6017.00 6184 6118 6179 6185 6340
GDP From Mining (NZD Million) 728.00 667 750 748 748 767
GDP From Public Administration (NZD Million) 2723.00 2677 2709 2797 2799 2869
GDP From Services (NZD Million) 41994.00 42056 42129 43128 43170 44249
GDP From Transport (NZD Million) 2947.00 2895 2890 3027 3030 3105
GDP From Utilities (NZD Million) 1681.00 1764 1721 1726 1728 1771
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.30 4.2 4.4 4.4 4.3 4.3
Unemployed Persons (Thousand ) 120.00 124 125 124 124 125
Employment Change (%) 0.10 0.2 0.5 0.4 0.5 0.6
Labor Force Participation Rate (%) 70.90 70.7 70.9 70.9 70.8 71.2
Wages (NZD/Hour) 31.70 31.93 32.18 32.35 32.35 33.06
Wages in Manufacturing (NZD/Hour) 30.00 30.12 30.45 32 32 34
Minimum Wages (NZD/Hour) 17.70 17.7 17.7 17.7 19.8 19.8
Population (Million) 4.84 5.1 5.1 4.93 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 (%) 14.10 12.5 11.5 11.2 11 11
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.50 1.7 1.9 1.8 1.9 2.1
Inflation Rate Mom (%) 0.10 0.5 0.7 0.9 0.6 0.3
Consumer Price Index CPI (Index Points) 1026.00 1032 1043 1043 1044 1065
Core Consumer Prices (Index Points) 1026.00 1034 1043 1047 1046 1068
Producer Prices (Index Points) 1158.00 1160 1170 1172 1078 1180
Food Inflation (%) 1.20 1.3 1.8 2 1.8 1.7
Cpi Housing Utilities (Index Points) 1053.00 1049 1062 1066 1067 1088
CPI Transportation (Index Points) 1017.00 1037 1064 1075 1076 1098
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.75 1.5 1.5 1.5 1.75 2
Interbank Rate (%) 1.90 1.7 1.7 1.7 1.95 1.95
Deposit Interest Rate (%) 3.20 2.95 2.95 2.95 3.2 3.2
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (NZD Million) 11.70 -500 -1575 -400 300 -300
Current Account (NZD Million) -3260.00 -650 -4271 -2915 400 -2882
Current Account to GDP (%) -2.80 -2.5 -2.5 -2.5 -2.4 -2.4
Imports (NZD Million) 4803.93 5300 5450 5300 4500 5400
Exports (NZD Million) 4815.63 4800 3900 4900 4800 5100
Tourist Arrivals 417934.00 250000 270000 525000 360000 530000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 22.20 20 20 20 21 21
Government Budget (% of GDP) 1.50 1.6 1.6 1.6 1 1
Government Spending (NZD Million) 11428.00 11576 11485 11737 11748 12042
Government Debt (NZD Million) 59480.00 58000 58000 58000 57000 57000
Taxes Actual Q2 Q3 Q4 Q1 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 Q2 Q3 Q4 Q1 2020
Business Confidence (%) -38.00 -38 -32 -30 -25 15
Manufacturing PMI 51.90 52.6 53 53 53.5 54
Industrial Production (%) 0.30 3.6 1.81 3.2 2.5 3.4
Changes in Inventories (NZD Million) 105.00 80 -400 340 340 380
Car Registrations 5119.00 5757 5762 5764 5764 5764
Services Pmi 52.90 54.8 56 56 57 58
Composite Pmi 51.90 53.7 53 53.5 53.7 53.8
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 103.80 107 108 109 108 107
Retail Sales MoM (%) 1.70 1.1 1.1 1.2 1 1.3
Retail Sales YoY (%) 3.50 3.8 3.6 3.8 4 3.7
Consumer Spending (NZD Million) 38997.00 38707 38981 40050 40089 41091
Bank Lending Rate (%) 9.46 9.17 9.17 9.17 9.42 9.42
Housing Actual Q2 Q3 Q4 Q1 2020
Building Permits 3307.00 2150 2300 2250 2300 2400
Housing Index (%) 0.80 0.3 0.7 -0.3 0.1 1.2
Construction Output (%) 6.10 4 3.6 4.3 4.9 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.