Markets Actual Q1 Q2 Q3 Q4 2021
Currency 0.63 0.64 0.64 0.63 0.63 0.62
Stock Market (points) 12073.34 11559 11472 11384 11297 11122
Government Bond 10Y (%) 1.29 1.38 1.42 1.47 1.52 1.61

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) 0.70 0.3 0.5 0.7 0.7 0.7
GDP Annual Growth Rate (%) 2.30 2.1 2.3 2.3 2.5 2.6
Unemployment Rate (%) 4.00 4.1 4.2 4.3 4.2 4
Inflation Rate (%) 1.90 2.2 2.1 2 1.9 2
Inflation Rate Mom (%) 0.50 0.4 0.5 0.6 0.7 0.5
Interest Rate (%) 1.00 1 1 1 1 1
Balance of Trade (NZD Million) 547.19 300 200 -1200 -300 -300
Current Account (NZD Million) -6351.00 400 -1600 -4800 -2882 -2790
Current Account to GDP (%) -3.60 -2.4 -2.4 -2.4 -2.4 -2.3
Government Debt to GDP (%) 19.90 21 21 21 21 20
Government Budget (% of GDP) 1.90 1 1 1 1 0.7
Business Confidence (%) -13.20 -26 -27 -13 10 10
Manufacturing PMI (points) 49.60 51.5 51.2 52.6 53.4 53.4
Consumer Confidence (points) 109.90 107 107 106 107 106
Retail Sales MoM (%) 1.60 1 1.2 0.8 1.3 1.5
Building Permits 3275.00 3300 3560 3730 3600 3980
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 2021
GDP Growth Rate (%) 0.70 0.3 0.5 0.7 0.7 0.7
GDP Annual Growth Rate (%) 2.30 2.1 2.3 2.3 2.5 2.6
GDP (USD Billion) 205.02 219 219 219 219 225
GDP Constant Prices (NZD Million) 64392.00 64360 64714 65133 66002 67718
Gross National Product (NZD Million) 68171.00 66212 67048 68955 69875 71692
Gross Fixed Capital Formation (NZD Million) 16104.00 16332 16293 16289 16507 16936
GDP per capita (USD) 38000.70 38900 38900 38900 38900 39300
GDP per capita PPP (USD) 36354.79 37700 37700 37700 37700 37700
GDP From Agriculture (NZD Million) 3383.00 3364 3372 3422 3468 3558
GDP From Construction (NZD Million) 4098.00 4156 4122 4145 4200 4310
GDP From Manufacturing (NZD Million) 6106.00 6194 6140 6176 6259 6421
GDP From Mining (NZD Million) 774.00 828 792 783 793 814
GDP From Public Administration (NZD Million) 2818.00 2783 2837 2850 2888 2964
GDP From Services (NZD Million) 42617.00 42532 42916 43107 43682 44818
GDP From Transport (NZD Million) 2759.00 2827 2861 2791 2828 2902
GDP From Utilities (NZD Million) 1718.00 1726 1742 1738 1761 1807

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 4.00 4.1 4.2 4.3 4.2 4
Employed Persons (Thousand ) 2648.00 2660 2680 2700 2720 2800
Unemployed Persons (Thousand ) 111.00 116 121 125 122 120
Employment Change (%) 0.00 0.5 0.7 0.9 0.6 0.6
Labor Force Participation Rate (%) 70.10 70.3 70.5 70.7 70.8 71
Wages (NZD/Hour) 32.83 31.93 32.18 32.35 32.35 33.06
Wages in Manufacturing (NZD/Hour) 30.78 32 32 32 34 34
Minimum Wages (NZD/Hour) 17.70 19.8 19.8 19.8 19.8 21.5
Population (Million) 4.93 5.02 5.02 5.02 5.11 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 (%) 11.60 11.8 11.6 11.2 11 10.8
Part Time Employment (Thousand) 519.00 558 561 567 567 571
Employment Rate (%) 67.30 67.4 67.5 67.6 67.7 68.1
Full Time Employment (Thousand) 2130.00 2156 2171 2197 2197 2236

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 1.90 2.2 2.1 2 1.9 2
Inflation Rate Mom (%) 0.50 0.4 0.5 0.6 0.7 0.5
Consumer Price Index CPI (points) 1044.00 1049 1054 1060 1064 1085
Core Consumer Prices (points) 1045.00 1044 1051 1059 1059 1080
Core Inflation Rate (%) 2.00 1.8 1.8 1.9 1.9 2
Producer Prices (points) 1165.00 1078 1180 1192 1180 1190
Inflation Expectations (%) 1.90 2 2 2.1 2.1 2
Food Inflation (%) 3.50 1.8 1.6 1.6 1.7 1.7
Cpi Housing Utilities (points) 1078.00 1076 1082 1094 1098 1120
CPI Transportation (points) 1049.00 1039 1044 1049 1069 1090

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 1.00 1 1 1 1 1
Interbank Rate (%) 1.53 1.53 1.53 1.53 1.53 1.53
Foreign Exchange Reserves (NZD Million) 30042.00 28700 29100 29200 29300 29400
Banks Balance Sheet (NZD Million) 584096.00 537028 545000 540000 548000 553000
Deposit Interest Rate (%) 1.30 1.2 1.2 1.2 1.2 1.2
Central Bank Balance Sheet (NZD Million) 30214.00 30300 31500 29500 29700 28500

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (NZD Million) 547.19 300 200 -1200 -300 -300
Current Account (NZD Million) -6351.00 400 -1600 -4800 -2882 -2790
Current Account to GDP (%) -3.60 -2.4 -2.4 -2.4 -2.4 -2.3
Imports (NZD Million) 4997.06 4500 4900 6100 5400 5400
Exports (NZD Million) 5544.24 4800 5100 4900 5100 5300
External Debt (NZD Million) 294466.00 287088 285592 288000 294446 294446
Foreign Direct Investment (NZD Million) 909.00 622 501 470 470 516
Tourist Arrivals 528219.00 340000 275000 269000 530000 540000
Weapons Sales (USD Million) 6.00 1.5 1.5 1.5 1.5 1.5

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 19.90 21 21 21 21 20
Government Budget (% of GDP) 1.90 1 1 1 1 0.7
Government Budget Value (NZD Million) 5534.00 9933 9933 9933 9933 12240
Government Spending (NZD Million) 12161.00 12046 12146 12301 12465 12789
Military Expenditure (USD Million) 2307.00 2480 2480 2480 2480 2480
Government Debt (NZD Million) 57495.00 57000 57000 57000 57000 56000

Taxes Actual Q1 Q2 Q3 Q4 2021
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 2021
Business Confidence (%) -13.20 -26 -27 -13 10 10
Manufacturing PMI (points) 49.60 51.5 51.2 52.6 53.4 53.4
Industrial Production (%) 0.20 2.3 0.2 0.6 2.5 2.5
Capacity Utilization (%) 92.00 92.8 93 93 92.8 93
Changes in Inventories (NZD Million) 747.00 340 340 340 380 380
Car Registrations 4826.00 5900 6300 5800 4700 4800
Services Pmi (points) 57.10 52 52.5 52 53 57
Composite Pmi (points) 53.10 51.8 51.6 51.8 52.2 53.4

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 109.90 107 107 106 107 106
Retail Sales MoM (%) 1.60 1 1.2 0.8 1.3 1.5
Retail Sales YoY (%) 4.50 4 3.8 3.5 3.7 4
Consumer Spending (NZD Million) 39684.00 39634 39811 40140 40676 41734
Private Sector Credit (NZD Million) 477141.00 464149 469745 480000 480000 496315
Bank Lending Rate (%) 9.09 9 9 9 9 9
Credit Card Spending (NZD Million) 5809.00 5710 5740 5810 5850 6070
Households Debt To GDP (% of GDP) 94.60 93.5 93.6 93.3 93.4 93.6
Households Debt To Income (%) 164.40 167 167 166 167 168

Housing Actual Q1 Q2 Q3 Q4 2021
Building Permits 3275.00 3300 3560 3730 3600 3980
Housing Index (%) 1.40 1.1 1.1 0.9 0.8 0.8
Construction Output (%) 11.80 5.1 4.5 4.2 4 6
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.