The New Zealand economy advanced 0.5 percent on quarter in the three months to June 2019, slowing from a 0.6 percent expansion in the previous period but beating market expectations of 0.4 percent. The services sector, which represents about two-thirds of the economy, was the main contributor to GDP, increasing 0.7 percent (vs 0.3 percent in Q1), of which retail trade & accommodation (0.7 percent vs -0.6 percent); transport, postal & warehousing (1.8 percent vs 1.2 percent); and financial & insurance services (0.8 percent vs 0.7 percent). Also, primary industries rose 0.7 percent, rebounding from a 0.5 percent contraction, driven by agriculture, forestry & fishing (1.6 percent vs -2 percent). Meanwhile, the secondary sector shrank 0.2 percent (vs 1.9 percent in Q1), due to manufacturing (-0.8 percent vs 1.2 percent) and construction (-0.8 percent vs 1.9 percent). On a yearly basis, the GDP advanced 2.1 percent, easing from a 2.5 percent expansion in Q1. GDP Growth Rate in New Zealand averaged 0.64 percent from 1987 until 2019, 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.

GDP Growth Rate in New Zealand is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in New Zealand to stand at 0.80 in 12 months time. In the long-term, the New Zealand GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

New Zealand GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 09:45 PM GDP Growth Rate QoQ Q3 0.3% 1% 0.6% 0.8%
2019-03-20 09:45 PM GDP Growth Rate QoQ Q4 0.6% 0.3% 0.6% 0.7%
2019-06-19 10:45 PM GDP Growth Rate QoQ Q1 0.6% 0.6% 0.6% 0.6%
2019-09-18 10:45 PM GDP Growth Rate QoQ Q2 0.5% 0.6% 0.4% 0.5%
2019-12-18 09:45 PM GDP Growth Rate QoQ Q3 0.5% 0.6%


New Zealand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.60 2.80 -2.40 percent [+]
GDP Annual Growth Rate 2.10 2.50 7.30 -2.30 percent [+]
GDP 205.02 202.59 205.02 5.18 USD Billion [+]
GDP Constant Prices 63427.00 62985.00 63427.00 26747.00 NZD Million [+]
Gross National Product 66286.00 65524.00 66286.00 25079.00 NZD Million [+]
Gross Fixed Capital Formation 15651.00 15807.00 15807.00 4058.00 NZD Million [+]
GDP per capita 38000.70 37678.40 38000.70 20073.00 USD [+]
GDP per capita PPP 36354.79 36046.39 36354.79 22651.10 USD [+]
GDP From Agriculture 3379.00 3326.00 3404.00 1804.00 NZD Million [+]
GDP From Construction 3886.00 3917.00 3917.00 1108.00 NZD Million [+]
GDP From Manufacturing 6056.00 6105.00 6212.00 3920.00 NZD Million [+]
GDP From Mining 774.00 810.00 1187.00 437.00 NZD Million [+]
GDP From Public Administration 2786.00 2736.00 2786.00 1311.00 NZD Million [+]
GDP From Services 42434.00 42124.00 42434.00 16758.00 NZD Million [+]
GDP From Transport 3032.00 2979.00 3032.00 941.00 NZD Million [+]
GDP From Utilities 1753.00 1700.00 1753.00 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. 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. 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 2.80 -2.40 1987 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.50 Sep/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Saudi Arabia -1.30 Mar/19


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