New Zealand’s economy expanded by 0,4 percent from a year earlier in the second quarter of 2022, slowing from a downwardly revised 1 percent growth in the previous period but surpassing market estimates of a 0.2 percentage jump. The Kiwi economy maintained its expansionary trend on a yearly basis as the easing of pandemic related restrictions and opening of domestic and international travel supported industries that suffered the most from Covid measures. On a quarterly basis, the GDP rose by 1.7 percent, rebounding from the 0.2 percent contraction in the first quarter. source: Statistics New Zealand
GDP Annual Growth Rate in New Zealand averaged 2.59 percent from 1988 until 2022, reaching an all time high of 17.90 percent in the second quarter of 2021 and a record low of -10.20 percent in the second quarter of 2020. This page provides - New Zealand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.
GDP Annual Growth Rate in New Zealand is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand GDP Annual Growth Rate is projected to trend around 2.00 percent in 2023 and 2.40 percent in 2024, according to our econometric models.