New Zealand GDP Annual Growth Rate

The GDP in New Zealand advanced 2.5 percent year-on-year in the first quarter of 2019, matching the upwardly revised 2.5 expansion of the previous period (original: 2.3 percent) and slightly above expectations of 2.5 percent. Growth was mainly nudged by construction, up 5.6 percent after a 1.0 percent rise in the previous quarter. Also, primary activity jumped 1.4 percent after a 0.2 percent advance, while mining rebounded 3.2 percent after plummeting 11.3 percent in the previous three months. Within services, transport, postal & warehousing expanded 5.9 percent, followed by a 4.3 percent expansion in public administration & safety. On a quarterly basis, GDP advanced 0.6 percent, matching both a 0.6 percent expansion in the previous period and market forecasts. GDP Annual Growth Rate in New Zealand averaged 2.62 percent from 1988 until 2019, reaching an all time high of 7.30 percent in the third quarter of 1993 and a record low of -2.30 percent in the first quarter of 2009.

GDP Annual Growth Rate in New Zealand is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in New Zealand to stand at 2.80 in 12 months time. In the long-term, the New Zealand GDP Annual Growth Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
2018-09-19	10:45 PM	GDP Growth Rate YoY	2.8%	2.6%	2.5%	2.5%
2018-12-19	09:45 PM	GDP Growth Rate YoY	2.6%	3.2%	2.8%	2.80%
2019-03-20	09:45 PM	GDP Growth Rate YoY	2.3%	2.6%	2.5%	2.7%
2019-06-19	10:45 PM	GDP Growth Rate YoY	2.5%	2.5%	2.4%	2.6%
2019-09-19	10:45 PM	GDP Growth Rate YoY		2.5%		2.2%
2019-12-19	09:45 PM	GDP Growth Rate YoY				2.5%

New Zealand GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	0.60	0.60	2.80	-2.40	percent	[+]
GDP Annual Growth Rate	2.50	2.50	7.30	-2.30	percent	[+]
GDP	205.85	189.29	205.85	5.18	USD Billion	[+]
GDP Constant Prices	62800.00	62282.00	62800.00	26747.00	NZD Million	[+]
Gross National Product	65340.00	65236.00	65340.00	25092.00	NZD Million	[+]
Gross Fixed Capital Formation	15758.00	15414.00	15758.00	4063.00	NZD Million	[+]
GDP per capita	37852.87	37528.46	37852.87	20202.51	USD	[+]
GDP per capita PPP	36085.84	35776.57	36085.84	22181.32	USD	[+]
GDP From Agriculture	3331.00	3410.00	3422.00	1804.00	NZD Million	[+]
GDP From Construction	3930.00	3777.00	3930.00	1108.00	NZD Million	[+]
GDP From Manufacturing	6116.00	6017.00	6266.00	3968.00	NZD Million	[+]
GDP From Mining	816.00	728.00	1187.00	437.00	NZD Million	[+]
GDP From Public Administration	2744.00	2723.00	2744.00	1311.00	NZD Million	[+]
GDP From Services	42107.00	41994.00	42107.00	16791.00	NZD Million	[+]
GDP From Transport	2979.00	2947.00	2979.00	941.00	NZD Million	[+]
GDP From Utilities	1689.00	1681.00	1737.00	1040.00	NZD Million	[+]

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 June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.50	2.50	7.30	-2.30	1988 - 2019	percent	Quarterly

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Country	Last		Previous	Range
China	6.40	Mar/19	6.4	15.4 : 3.8	%
India	5.80	Mar/19	6.6	11.4 : -5.2	%
Indonesia	5.07	Mar/19	5.18	7.16 : 1.56	%
Saudi Arabia	3.60	Dec/18	2.5	24.2 : -20.7	%
United States	3.20	Mar/19	3	13.4 : -3.9	%
Spain	2.40	Mar/19	2.3	5.6 : -4.3	%
Australia	1.80	Mar/19	2.3	8.3 : -3.5	%
United Kingdom	1.80	Mar/19	1.4	9.7 : -6.1	%
Netherlands	1.70	Mar/19	2.2	6.1 : -4.6	%
South Korea	1.70	Mar/19	2.9	20.8 : -7.3	%
Switzerland	1.70	Mar/19	1.5	5.8 : -3.7	%
Canada	1.30	Mar/19	1.6	9.3 : -4.1	%
Euro Area	1.20	Mar/19	1.2	5 : -5.5	%
France	1.20	Mar/19	1.2	12.6 : -3.8	%
Mexico	1.20	Mar/19	1.7	9 : -9.1	%
Singapore	1.20	Mar/19	1.3	19 : -8.8	%
Japan	0.90	Mar/19	0.3	9.4 : -8.8	%
Germany	0.70	Mar/19	0.6	7.2 : -6.8	%
Brazil	0.50	Mar/19	1.1	10.1 : -5.5	%
Russia	0.50	Mar/19	2.7	12.1 : -11.2	%
South Africa	0.00	Mar/19	1.1	7.1 : -2.6	%
Italy	-0.10	Mar/19	0	10.3 : -7.2	%
Turkey	-2.60	Mar/19	-3	11.7 : -14.4	%
Argentina	-5.80	Mar/19	-6.2	16.2 : -16.3	%