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.

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New Zealand GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-06-15 10:45 PM Q1 1.2% 3.1% 1.2%
2022-09-14 10:45 PM Q2 0.4% 1% 0.2% -0.3%
2022-12-18 09:45 PM Q3 0.4% 4.8%


Related Last Previous Unit Reference
GDP Growth Rate 1.70 -0.20 percent Jun 2022
GDP Annual Growth Rate 0.40 1.00 percent Jun 2022
GDP Constant Prices 69592.00 68460.00 NZD Million Jun 2022
Gross National Product 75715.00 77152.00 NZD Million Jun 2022
Gross Fixed Capital Formation 16989.00 17574.00 NZD Million Jun 2022
GDP from Utilities 1805.00 1800.00 NZD Million Jun 2022
GDP from Transport 2998.00 2491.00 NZD Million Jun 2022
GDP from Services 46991.00 45780.00 NZD Million Jun 2022
GDP from Public Administration 3176.00 3176.00 NZD Million Jun 2022
GDP from Mining 480.00 524.00 NZD Million Jun 2022
GDP from Manufacturing 5702.00 6068.00 NZD Million Jun 2022
GDP from Construction 4486.00 4654.00 NZD Million Jun 2022
GDP from Agriculture 3327.00 3315.00 NZD Million Jun 2022

New Zealand GDP Annual Growth Rate
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
0.40 1.00 17.90 -10.20 1988 - 2022 percent Quarterly

News Stream
Kiwi Annual GDP Growth Above Expectations
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.
2022-09-14
New Zealand GDP Growth Slows in Q1
New Zealand’s economy expanded by 1.2 percent from a year earlier in the first quarter of 2022, slowing from a 3.1 percent rise in the previous period. On a quarterly basis, the GDP shrank by 0.2 percent in the three months to March, after rising 3 percent in the previous quarter. The change in economic activity came in a quarter marked by the community spread of the Omicron COVID-19 variant. The March 2022 quarter included low travel due to border restrictions. However, there were fewer domestic restrictions than in previous quarters.
2022-06-15
New Zealand GDP Growth Picks Up in Q4
New Zealand’s economy expanded 3% from a year earlier in the fourth quarter of 2021, from a downwardly revised 0.2% contraction in the prior period and below market expectations of a 3.3% increase. The economy expanded amid looser Covid-19 restrictions throughout the country, in sharp contrast with the previous quarter. On a quarterly basis, the economy grew 3 percent in the three months leading to December, after contracting 3.6 percent in the prior quarter. Considering the full 2021, the Kiwi economy contracted 1.4 percent, compared to the 2.2 percent increase in 2020, despite the pandemic.
2022-03-16