New Zealand GDP Growth Rate  1987-2017 | Data | Chart | Calendar

The New Zealand economy advanced 0.8 percent on quarter in the second quarter of 2017, gaining steam after a 0.6 percent expansion in the previous period and matching expectations. Strong export and domestic demand were the main drivers of growth. GDP Growth Rate in New Zealand averaged 0.62 percent from 1987 until 2017, reaching an all time high of 2.80 percent in the third quarter of 1999 and a record low of -2.40 percent in the first quarter of 1991.

New Zealand GDP Growth Rate
width
height
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.




New Zealand Economy Boosted by Services in Q2


The New Zealand economy advanced 0.8 percent on quarter in the second quarter of 2017, gaining steam after an upwardly revised 0.6 percent expansion in the previous and matching expectations. The expansion was boosted by services and manufacturing while construction and mining contracted.

Services were the bright spot behind faster quarterly growth in 2Q, as all service industries combined expanded 1.0 percent after growing 0.5 percent in the first quarter. Three service categories improved markedly in the second quarter, with retail trade and accommodation expanding 2.8 percent (vs 2.0 percent in Q1); transport, postal & warehousing 3.5 percent (vs -1.6 percent); and professional scientific, technical, admin & support 1.1 percent (vs no change in Q1).

Manufacturing also gained steam, climbing 1.8 percent after a 1.2 percent rise in the March quarter. In contrast, utilities advanced only 0.3 percent after a 2.1 percent rebound in the first quarter. Meanwhile, construction contracted less (-1.1 percent vs -2.1 in Q1). 

Finally, mining plunged 5.2 percent (vs a 1.6 percent contraction in 2Q) and agriculture, forestry & mining activity remaining unchanged after expanding 2.8 percent in the previous three months.

Year-on-year, the economy expanded 2.5 percent, matching both the Q1 rate and market expectations.

Mario | mario@tradingeconomics.com
9/21/2017 10:33:19 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-03-15 09:45 PM GDP Growth Rate QoQ 0.4% 0.8% 0.7% 0.8%
2017-06-14 10:45 PM GDP Growth Rate QoQ 0.5% 0.4% 0.7% 0.7%
2017-09-20 10:45 PM GDP Growth Rate QoQ 0.8% 0.6% 0.8% 0.6%
2017-12-20 09:45 PM GDP Growth Rate QoQ 0.8% 0.8% 0.7%
2018-03-14 09:45 PM GDP Growth Rate QoQ
2018-06-20 10:45 PM GDP Growth Rate QoQ


New Zealand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.50 2.80 -2.40 percent [+]
GDP Annual Growth Rate 2.50 2.50 7.30 -2.50 percent [+]
GDP 185.02 175.56 200.70 0.00 USD Billion [+]
GDP Constant Prices 58802.00 58022.00 58802.00 26766.00 NZD Million [+]
Gross National Product 60997.00 61169.00 61169.00 25099.00 NZD Million [+]
Gross Fixed Capital Formation 14396.00 14531.00 14531.00 4071.00 NZD Million [+]
GDP per capita 36842.00 36191.50 36842.00 21506.50 USD [+]
GDP per capita PPP 35269.10 34646.30 35269.10 22767.50 USD [+]
GDP From Agriculture 3207.00 3219.00 3266.00 1804.00 NZD Million [+]
GDP From Construction 3446.00 3489.00 3575.00 1107.00 NZD Million [+]
GDP From Manufacturing 5916.00 5809.00 6266.00 3968.00 NZD Million [+]
GDP From Mining 729.00 774.00 1187.00 437.00 NZD Million [+]
GDP From Public Administration 2535.00 2493.00 2535.00 1311.00 NZD Million [+]
GDP From Services 39055.00 38669.00 39055.00 16867.00 NZD Million [+]
GDP From Transport 2485.00 2395.00 2485.00 941.00 NZD Million [+]
GDP From Utilities 1656.00 1652.00 1656.00 1040.00 NZD Million [+]


New Zealand GDP Growth Rate

New Zealand has an advanced market economy, highly dependent on international trade. The country is closely link with Australia, which is the biggest importer of “kiwi” products, supplier and investor. New Zealand’s most developed industries are focused on tourism and exports of agricultural products and are the main source of growth. Yet, in order to keep current expansion rates, New Zealand needs to address persistent current account deficits fueled by heavy household debts and low domestic investments. This page provides - New Zealand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.50 2.80 -2.40 1987 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17