New Zealand GDP Annual Growth Rate  1988-2018 | Data | Chart | Calendar

The GDP in New Zealand expanded 2.9 percent year-on-year in the fourth quarter of 2017, down from an upwardly revised 3.0 percent growth in the previous period and below market expectations of 3.1 percent. It was the slowest growth rate since September of 2014. The downtick compared to the third quarter was mainly explained by softer growth in construction (1.2 percent vs 1.9 percent) and primary industries (1.5 percent vs 2.9 percent). In contrast, faster growth was observed for manufacturing (2.0 percent vs 1.8 percent) and services (3.2 percent vs 3.0 percent). On a quarterly basis, GDP expanded 0.6 percent, matching the figure for the previous quarter. GDP Annual Growth Rate in New Zealand averaged 2.60 percent from 1988 until 2017, reaching an all time high of 7.30 percent in the third quarter of 1993 and a record low of -2.50 percent in the first quarter of 2009.

New Zealand GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-09-20 10:45 PM GDP Growth Rate YoY 2.5% 2.5% 2.5% 2.8%
2017-12-20 09:45 PM GDP Growth Rate YoY 2.7% 2.8% 2.3% 2.4%
2018-03-14 09:45 PM GDP Growth Rate YoY 2.9% 3.0% 3.1% 2.5%
2018-06-20 10:45 PM GDP Growth Rate YoY 2.9% 3.10%
2018-09-20 10:45 PM GDP Growth Rate YoY 3.10%
2018-12-20 09:45 PM GDP Growth Rate YoY 3.10%


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 Annual Growth Rate

In New Zealand, services are the biggest sector of the economy and account for 75 percent of total GDP. Within services the most important segments are: 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. Within industry, manufacturing represents 13 percent of GDP while construction 4 percent. The remaining 8 percent is contributed by agriculture, fishing, forestry and mining. This page provides - New Zealand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.00 7.30 -2.50 1988 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Russia 1.30 Mar/18
Mexico 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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