Markets Actual Q4 Q1 Q2 Q3 2020
Currency 0.63 0.62 0.62 0.61 0.61 0.6
Stock Market (points) 11026.60 10828 10739 10649 10561 10386
Government Bond 10Y (%) 1.12 1.16 1.19 1.22 1.25 1.32
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.50 0.7 0.8 0.8 0.7 0.8
GDP Annual Growth Rate (%) 2.10 2.4 2.7 3 3.1 3.1
Unemployment Rate (%) 3.90 4.4 4.3 4.2 4.3 4.5
Inflation Rate (%) 1.70 1.8 2 1.9 2 2.1
Inflation Rate Mom (%) 0.60 0.4 0.6 0.5 0.3 0.3
Interest Rate (%) 1.00 0.75 0.75 0.75 0.75 1
Balance of Trade (NZD Million) -1565.48 -400 300 300 200 -300
Current Account (NZD Million) -1106.00 -2915 400 -1600 -4800 -2882
Current Account to GDP (%) -3.60 -2.5 -2.4 -2.4 -2.4 -2.4
Government Debt to GDP (%) 19.90 20 21 21 21 21
Government Budget (% of GDP) 1.90 1.6 1 1 1 1
Business Confidence (%) -53.50 -48 -35 -27 -13 10
Manufacturing PMI 48.40 49 51.5 51.2 52.6 53.4
Consumer Confidence (Index Points) 103.10 104 105 107 106 107
Retail Sales MoM (%) 0.20 0.9 1 1.2 0.8 1.3
Building Permits 3076.00 2750 2800 2860 2730 2900
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Growth Rate (%) 0.50 0.7 0.8 0.8 0.7 0.8
GDP Annual Growth Rate (%) 2.10 2.4 2.7 3 3.1 3.1
GDP (USD Billion) 205.02 215 219 219 219 219
GDP Constant Prices (NZD Million) 63427.00 63940 64002 64496 64684 65602
Gross National Product (NZD Million) 66286.00 66997 67063 67104 67300 68739
Gross Fixed Capital Formation (NZD Million) 15651.00 15830 15846 16183 16231 16242
GDP per capita (USD) 38000.70 38500 38900 38900 38900 38900
GDP per capita PPP (USD) 36354.79 37100 37700 37700 37700 37700
GDP From Agriculture (NZD Million) 3379.00 3451 3454 3421 3431 3540
GDP From Construction (NZD Million) 3886.00 3879 3883 4036 4048 3980
GDP From Manufacturing (NZD Million) 6056.00 6179 6185 6281 6299 6340
GDP From Mining (NZD Million) 774.00 748 748 838 840 767
GDP From Public Administration (NZD Million) 2786.00 2797 2799 2818 2826 2869
GDP From Services (NZD Million) 42434.00 43128 43170 43244 43370 44249
GDP From Transport (NZD Million) 3032.00 3027 3030 3059 3068 3105
GDP From Utilities (NZD Million) 1753.00 1726 1728 1735 1740 1771
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 3.90 4.4 4.3 4.2 4.3 4.5
Unemployed Persons (Thousand ) 109.00 124 124 126 125 122
Employment Change (%) 0.80 0.9 0.5 0.7 0.9 0.6
Labor Force Participation Rate (%) 70.40 70.6 70.7 70.7 70.8 70.8
Wages (NZD/Hour) 32.42 31.93 32.18 32.35 32.35 33.06
Wages in Manufacturing (NZD/Hour) 30.68 32 32 32 32 34
Minimum Wages (NZD/Hour) 17.70 17.7 19.8 19.8 19.8 19.8
Population (Million) 4.93 4.97 5 5 5 5
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 11.2 11 11 11.1 11
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.70 1.8 2 1.9 2 2.1
Inflation Rate Mom (%) 0.60 0.4 0.6 0.5 0.3 0.3
Consumer Price Index CPI (Index Points) 1032.00 1043 1044 1047 1052 1065
Core Consumer Prices (Index Points) 1032.00 1047 1046 1047 1051 1068
Producer Prices (Index Points) 1151.00 1172 1078 1180 1192 1180
Food Inflation (%) 2.20 2 1.8 1.6 1.6 1.7
Cpi Housing Utilities (Index Points) 1060.00 1066 1067 1074 1080 1088
CPI Transportation (Index Points) 1023.00 1075 1076 1037 1042 1098
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 1.00 0.75 0.75 0.75 0.75 1
Interbank Rate (%) 1.53 1.7 1.95 1.3 1.3 1.95
Deposit Interest Rate (%) 1.25 2.95 3.2 1.2 1.2 3.2
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (NZD Million) -1565.48 -400 300 300 200 -300
Current Account (NZD Million) -1106.00 -2915 400 -1600 -4800 -2882
Current Account to GDP (%) -3.60 -2.5 -2.4 -2.4 -2.4 -2.4
Imports (NZD Million) 5691.47 5300 4500 4900 6100 5400
Exports (NZD Million) 4126.00 4900 4800 5100 4900 5100
Tourist Arrivals 255585.00 525000 360000 275000 269000 530000
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 19.90 20 21 21 21 21
Government Budget (% of GDP) 1.90 1.6 1 1 1 1
Government Spending (NZD Million) 11638.00 11737 11748 11801 11836 12042
Government Debt (NZD Million) 57495.00 58000 57000 57000 57000 57000
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Business Confidence (%) -53.50 -48 -35 -27 -13 10
Manufacturing PMI 48.40 49 51.5 51.2 52.6 53.4
Industrial Production (%) -0.40 1 2.3 2.5 1.6 2.5
Changes in Inventories (NZD Million) 42.00 340 340 340 340 380
Car Registrations 5037.00 4600 5900 6300 5800 4700
Services Pmi 54.40 55 57 55 56 58
Composite Pmi 52.10 53.5 53.7 54 53.6 53.8
Consumer Actual Q4 Q1 Q2 Q3 2020
Consumer Confidence (Index Points) 103.10 104 105 107 106 107
Retail Sales MoM (%) 0.20 0.9 1 1.2 0.8 1.3
Retail Sales YoY (%) 2.90 3.5 4 3.8 3.5 3.7
Consumer Spending (NZD Million) 39273.00 40050 40089 40101 40218 41091
Bank Lending Rate (%) 9.00 9.17 9.42 9.1 9.1 9.42
Housing Actual Q4 Q1 Q2 Q3 2020
Building Permits 3076.00 2750 2800 2860 2730 2900
Housing Index (%) 1.30 -0.3 0.1 0.3 0.7 0.8
Construction Output (%) 11.80 4.3 4.9 4.5 4.2 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.