New Zealand’s economy grew 0.2% qoq in Q2 2026, above forecasts of 0.1%, but slowing from an upwardly revised 0.9% expansion in Q1 and marking the weakest growth since Q2 2025. GDP growth was mainly driven by goods-producing industries, which rose 1.3%, supported by construction (2.7%), electricity, gas, water, and waste services (0.5%), and manufacturing (0.4%). Meanwhile, service industries grew 0.2%, led by higher output in public administration and safety (2.0%) and information (1.7%). In contrast, primary industries contracted 0.3%, weighed down by mining activities (-0.4%) and agriculture, forestry, and fishing (-0.3%). On the expenditure side, exports rose 3.3%, while imports fell 0.8%. Meanwhile, private consumption stalled, while government spending fell 1.7%. Gross fixed capital formation also grew, mainly supported by an increase in residential buildings (4.4%). Year-on-year, GDP advanced 2.6%, after an upwardly revised 1.7% growth in Q1 and surpassing estimates of 2.3%. source: Statistics New Zealand

The Gross Domestic Product (GDP) in New Zealand expanded 0.20 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in New Zealand averaged 0.61 percent from 1986 until 2026, reaching an all time high of 14.10 percent in the third quarter of 2020 and a record low of -10.40 percent in the second quarter of 2020. This page provides - New Zealand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The Gross Domestic Product (GDP) in New Zealand expanded 0.20 percent in the second quarter of 2026 over the previous quarter. GDP Growth Rate in New Zealand is expected to be 0.60 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 Growth Rate is projected to trend around 0.70 percent in 2027 and 0.80 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-17 10:45 PM
GDP Growth Rate QoQ
Q1 0.8% 0.5% 0.9% 0.8%
2026-09-16 10:45 PM
GDP Growth Rate QoQ
Q2 0.2% 0.9% 0.1% 0.1%
2026-12-16 09:45 PM
GDP Growth Rate QoQ
Q3 0.2% 0.6%


Related Last Previous Unit Reference
GDP Growth Rate YoY 2.60 1.70 percent Jun 2026
GDP Constant Prices 74135.00 73869.00 NZD Million Jun 2026
GDP from Agriculture 3680.00 3690.00 NZD Million Jun 2026
GDP from Construction 4466.00 4349.00 NZD Million Jun 2026
GDP from Manufacturing 5672.00 5647.00 NZD Million Jun 2026
GDP from Mining 443.00 445.00 NZD Million Jun 2026
GDP from Public Administration 3516.00 3446.00 NZD Million Jun 2026
GDP from Services 50225.00 50120.00 NZD Million Jun 2026
GDP from Transport 2911.00 2961.00 NZD Million Jun 2026
GDP from Utilities 1827.00 1818.00 NZD Million Jun 2026
GDP Growth Rate 0.20 0.90 percent Jun 2026
Gross Fixed Capital Formation 17933.00 17670.00 NZD Million Jun 2026
Gross National Product 78235.00 78636.00 NZD Million Jun 2026


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. Services are the biggest sector of the economy and account for 75 percent of total GDP including: 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 with manufacturing constituting 13 percent and construction 4 percent. Agriculture, fishing, forestry and mining accounts for the remaining 8 percent.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.90 14.10 -10.40 1986 - 2026 percent Quarterly

News Stream
New Zealand Q2 GDP Growth Beats Estimates
New Zealand’s economy grew 0.2% qoq in Q2 2026, above forecasts of 0.1%, but slowing from an upwardly revised 0.9% expansion in Q1 and marking the weakest growth since Q2 2025. GDP growth was mainly driven by goods-producing industries, which rose 1.3%, supported by construction (2.7%), electricity, gas, water, and waste services (0.5%), and manufacturing (0.4%). Meanwhile, service industries grew 0.2%, led by higher output in public administration and safety (2.0%) and information (1.7%). In contrast, primary industries contracted 0.3%, weighed down by mining activities (-0.4%) and agriculture, forestry, and fishing (-0.3%). On the expenditure side, exports rose 3.3%, while imports fell 0.8%. Meanwhile, private consumption stalled, while government spending fell 1.7%. Gross fixed capital formation also grew, mainly supported by an increase in residential buildings (4.4%). Year-on-year, GDP advanced 2.6%, after an upwardly revised 1.7% growth in Q1 and surpassing estimates of 2.3%.
2026-09-16
New Zealand Q1 GDP Growth Below Forecasts
The economy of New Zealand advanced 0.8% quarter-on-quarter in Q1 2026, accelerating from an upwardly revised 0.5% growth in Q4 2025 but falling slightly short of forecasts of 0.9%. GDP growth was mainly driven by service industries, which rose 0.5%, supported by wholesale trade (2.4%), retail trade and accommodation (1.2%), professional, scientific, technical, administrative, and support services (1.1%), and transport, postal, and warehousing services (1.0%). Meanwhile, goods-producing industries grew 0.4%, due to higher activity in the manufacturing sector (1.9%). In contrast, primary industries contracted 0.5%, weighed down by mining activities (-11.6%). On the expenditure side, private consumption and gross fixed capital formation each grew 1.6%, while government spending expanded by 1.5%. Meanwhile, exports and imports rose 3.1% and 4.2%, respectively. Year-on-year, GDP expanded 1.5%, matching the revised figure in Q4 and surpassing market estimates of 1.1% growth.
2026-06-17
New Zealand Growth Hinges on Conflict Resolution: RBNZ Breman
New Zealand’s economy remains closely tied to Middle East developments, Reserve Bank Governor Anna Breman said, adding that a quicker resolution to the conflict could unlock stronger growth this year. After holding the cash rate at 2.25%, she noted that earlier cuts continue to filter through, supporting activity. With early-year momentum, the economy is well-positioned, if external risks ease. Data showed a pickup in January and February, though tensions weighed on sentiment in March and are expected to dampen April. Breman stressed that uncertainty remains high, with the conflict’s duration and severity the key swing factor. Beyond oil prices, supply disruptions will shape near-term growth and inflation. A swift de-escalation could lower fuel costs and boost confidence, while a prolonged conflict risks sustaining strains and elevated inflation. The RBNZ’s pause reflects this balance, giving policymakers time to assess global risks while keeping a bias to act if pressures intensify.
2026-04-09