New Zealand GDP Growth Rate  1987-2018 | Data | Chart | Calendar

The New Zealand economy advanced 0.6 percent on quarter in the fourth quarter of 2017, matching the expansion in the previous period but slightly below the 0.7 percent growth expected by consensus. Manufacturing output edged down 0.1 percent after expanding 0.7 percent in Q3. Meantime, construction lost steam in Q4 (0.7 percent vs 3.5 percent). In contrast, utilities rebounded 1.5 percent after plunging 1.9 percent, whereas services grew further (1.1 percent vs 0.6 percent). On an annual basis, GDP expanded 2.9 percent, also below consensus expectations of 3.1 percent growth. GDP Growth Rate in New Zealand averaged 0.64 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
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New Zealand GDP Grows 0.6% in Q4


The New Zealand economy advanced 0.6 percent on quarter in the fourth quarter of 2017, matching the expansion in the previous period but slightly below the 0.7 percent growth expected by consensus.

Manufacturing output edged down 0.1 percent after expanding 0.7 percent in Q3. Meantime, construction lost steam in Q4 (0.7 percent vs 3.5 percent) and primary industries plunged 2.4 percent after remaining unchanged in the previous quarter, with agriculture contracting 3.2 percent (vs -0.4 percent in Q3).

In contrast, utilities rebounded 1.5 percent after plunging 1.9 percent, whereas services grew further (1.1 percent vs 0.6 percent in Q3) nudged by wholesale trade (2.2 percent vs 0.7 percent) and retail trade & accommodation (1.6 percent vs 0.0 percent).

Year-on-year, GDP expanded 2.9 percent, also below consensus expectations of 3.1 percent growth and the slowest growth rate since September of 2014.


Mario | mario@tradingeconomics.com
3/14/2018 10:17:42 PM



Calendar GMT Actual Previous Consensus TEForecast
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 0.6% 1.0% 0.5% 0.7%
2018-03-14 09:45 PM GDP Growth Rate QoQ 0.6% 0.6% 0.7% 0.7%
2018-06-20 10:45 PM GDP Growth Rate QoQ 0.6% 0.5% 0.7%
2018-09-20 10:45 PM GDP Growth Rate QoQ 0.70%
2018-12-20 09:45 PM GDP Growth Rate QoQ 0.70%


New Zealand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 0.60 2.80 -2.40 percent [+]
GDP Annual Growth Rate 2.90 3.00 7.30 -2.50 percent [+]
GDP 185.02 175.56 200.70 5.18 USD Billion [+]
GDP Constant Prices 61061.00 60836.00 61061.00 26759.00 NZD Million [+]
Gross National Product 64124.00 62839.00 64124.00 25092.00 NZD Million [+]
Gross Fixed Capital Formation 15541.00 15178.00 15541.00 4063.00 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 3220.00 3328.00 3369.00 1804.00 NZD Million [+]
GDP From Construction 3838.00 3813.00 3838.00 1108.00 NZD Million [+]
GDP From Manufacturing 5936.00 5943.00 6266.00 3968.00 NZD Million [+]
GDP From Mining 776.00 762.00 1187.00 437.00 NZD Million [+]
GDP From Public Administration 2545.00 2526.00 2545.00 1311.00 NZD Million [+]
GDP From Services 40529.00 40107.00 40529.00 16800.00 NZD Million [+]
GDP From Transport 2815.00 2769.00 2815.00 941.00 NZD Million [+]
GDP From Utilities 1733.00 1708.00 1741.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.60 0.60 2.80 -2.40 1987 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.20 Mar/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.40 Mar/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Spain 0.70 Mar/18
Switzerland 0.60 Mar/18
Netherlands 0.50 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.10 Mar/18
Japan -0.20 Mar/18
Russia -0.38 Dec/17
Indonesia -0.42 Mar/18


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