New Zealand’s economy expanded by 0.8% quarter-on-quarter in the first quarter of 2025, accelerating from 0.5% growth in the previous period and slightly beating market expectations of 0.7%. This marked the second consecutive quarter of growth following two quarters of contraction. Economic activity increased across all three major industry groups, with the strongest gains seen in manufacturing (+2.4% vs. +0.1% in Q4), followed by professional, scientific, technical, administrative, and support services (+2.4% vs. -0.1%), and agriculture, forestry, and fishing (+0.8%, unchanged). Construction rebounded with a 0.5% gain after a 3.6% drop in the previous quarter, while mining also returned to growth at +1% following a -1% decline. However, some sectors posted declines, including arts and recreation services (-1.9% vs. +1.3%) and information, media, and telecommunications (-0.8% vs. -2.9%). On an annual basis, GDP contracted by 0.7% in Q1, following a 1.3% decline in Q4. source: Statistics New Zealand

The Gross Domestic Product (GDP) in New Zealand expanded 0.80 percent in the first quarter of 2025 over the previous quarter. GDP Growth Rate in New Zealand averaged 0.62 percent from 1986 until 2025, 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 September of 2025.

The Gross Domestic Product (GDP) in New Zealand expanded 0.80 percent in the first quarter of 2025 over the previous quarter. 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. In the long-term, the New Zealand GDP Growth Rate is projected to trend around 0.70 percent in 2026 and 0.60 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-19 10:45 PM
GDP Growth Rate QoQ
Q4 0.7% -1.1% 0.4% 0.2%
2025-06-18 10:45 PM
GDP Growth Rate QoQ
Q1 0.8% 0.5% 0.7% 0.7%
2025-09-17 10:45 PM
GDP Growth Rate QoQ
Q2 0.8% 0.4%


Related Last Previous Unit Reference
GDP Growth Rate YoY -0.70 -1.30 percent Mar 2025
GDP Constant Prices 72398.00 71733.00 NZD Million Mar 2025
GDP from Agriculture 3779.00 3749.00 NZD Million Mar 2025
GDP from Construction 4125.00 4106.00 NZD Million Mar 2025
GDP from Manufacturing 5536.00 5408.00 NZD Million Mar 2025
GDP from Mining 493.00 488.00 NZD Million Mar 2025
GDP from Public Administration 3353.00 3351.00 NZD Million Mar 2025
GDP from Services 49268.00 49073.00 NZD Million Mar 2025
GDP from Transport 2825.00 2799.00 NZD Million Mar 2025
GDP from Utilities 1820.00 1820.00 NZD Million Mar 2025
GDP Growth Rate 0.80 0.50 percent Mar 2025
Gross Fixed Capital Formation 17112.00 17013.00 NZD Million Mar 2025
Gross National Product 76512.00 76272.00 NZD Million Mar 2025

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
0.80 0.50 14.10 -10.40 1986 - 2025 percent Quarterly

News Stream
New Zealand GDP Expands For 2nd Quarter
New Zealand’s economy expanded by 0.8% quarter-on-quarter in the first quarter of 2025, accelerating from 0.5% growth in the previous period and slightly beating market expectations of 0.7%. This marked the second consecutive quarter of growth following two quarters of contraction. Economic activity increased across all three major industry groups, with the strongest gains seen in manufacturing (+2.4% vs. +0.1% in Q4), followed by professional, scientific, technical, administrative, and support services (+2.4% vs. -0.1%), and agriculture, forestry, and fishing (+0.8%, unchanged). Construction rebounded with a 0.5% gain after a 3.6% drop in the previous quarter, while mining also returned to growth at +1% following a -1% decline. However, some sectors posted declines, including arts and recreation services (-1.9% vs. +1.3%) and information, media, and telecommunications (-0.8% vs. -2.9%). On an annual basis, GDP contracted by 0.7% in Q1, following a 1.3% decline in Q4.
2025-06-18
New Zealand Economy Posts 0.7% Quarterly Growth After Two Contractions
New Zealand's economy grew by 0.7% quarter-on-quarter in the three months to December 2024, recovering from a 1.1% contraction in the previous period and surpassing the market's expected 0.4% growth. This expansion comes after two consecutive quarters of declines, the largest since late 2021 during the height of the pandemic and lockdowns. The primary drivers of growth were agriculture, forestry, and fishing (+1.4% vs. -0.2% in Q3), rental, hiring, and real estate services (+1.1% vs. +1.1% in Q2), and manufacturing (+0.3% vs. -2.1% in Q3). However, business services (-0.2% vs. -1.6% in Q3) and construction (-3.1% vs. -2.5% in Q3) continued to weigh on the economy. On an annual basis, GDP contracted by 1.1%, following a 1.6% decline in Q2.
2025-03-19
New Zealand Economy Back in Recession
New Zealand's economy contracted by 1% quarter-on-quarter in the September 2024 quarter, following an upwardly revised 1.1% decline in the previous period, worse than the market's expected 0.4% contraction, and bringing the country back to the recession. The big falls in the June and September quarters were the biggest quarterly drops since late 2021 at the height of the pandemic and lockdowns. The main downward pressure came from manufacturing (-2.6% vs. +1.3% in Q2), business services (-1.5% vs. -0.7% in Q2), and construction (-2.8% vs. -1.6% in Q2). However, positive contributions came from rental, hiring, and real estate services (+1.0% vs. -0.1% in Q2) and agriculture, forestry, and fishing (+1.4% vs. +0.3% in Q2). On an annual basis, GDP fell by 1.5%, following a 0.5% decline in the second quarter.
2024-12-18