Full Year GDP Growth in New Zealand increased to 5.50 percent in 2021 from -2.10 percent in 2020. source: Statistics New Zealand

Full Year GDP Growth in New Zealand averaged 2.61 percent from 1988 until 2021, reaching an all time high of 5.60 percent in 1994 and a record low of -2.10 percent in 2020. This page includes a chart with historical data for New Zealand Full Year GDP Growth. New Zealand Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on February of 2023.

Full Year GDP Growth in New Zealand is expected to reach 1.70 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Full Year GDP Growth is projected to trend around 0.20 percent in 2024 and 2.20 percent in 2025, according to our econometric models.

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New Zealand Full Year GDP Growth

New Zealand Full Year GDP Growth
In New Zealand, services are the biggest sector of the economy and account for 75 percent of total GDP. Within services the most important segments are: finance, insurance and business services (30 percent); personal and community services (13 percent), and transport and communication (11 percent). Industry accounts for 17 percent of GDP. Within industry, manufacturing represents 13 percent of GDP while construction 4 percent. The remaining 8 percent is contributed by agriculture, fishing, forestry and mining.
Actual Previous Highest Lowest Dates Unit Frequency
5.50 -2.10 5.60 -2.10 1988 - 2021 percent Yearly