New Zealand GDP Annual Growth Rate

The GDP in New Zealand expanded 2.8 percent year-on-year in the second quarter of 2018, slightly up from a downwardly revised 2.6 percent growth in the previous period and above market expectations of 2.5 percent. The uptick against Q1 was mainly explained by wholesale trade (+4.9 percent vs +4.1 percent in Q1), financial & insurance services (+2.8 percent vs +1.4 percent), construction (+3.6 percent vs +2.3 percent in Q1) and utilities (+2.8 percent vs -1.2 percent). Agriculture (+1.6 percent vs -1.9 percent), information media & telecommunications (+4.8 percent vs +4.2 percent) and transport (+5.3 percent vs 6.9 percent) also increased solidly. In contrast, mining extended its sharp contraction (-18.8 percent vs -0.4 percent). On a quarterly basis, GDP expanded 1.0 percent, up from 0.5 percent in the previous quarter and above expectations of 0.7 percent. It was the largest quarterly rise in two years, as 15 of the 16 industries expanded. GDP Annual Growth Rate in New Zealand averaged 2.61 percent from 1988 until 2018, reaching an all time high of 7.30 percent in the third quarter of 1993 and a record low of -2.40 percent in the first quarter of 2009.

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Calendar	GMT		Actual	Previous	Consensus	TEForecast
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	2.7%	2.9%	2.7%	3.2%
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		2.8%		2.80%

New Zealand GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	1.00	0.50	2.80	-2.40	percent	[+]
GDP Annual Growth Rate	2.80	2.60	7.30	-2.40	percent	[+]
GDP	205.85	189.29	205.85	5.18	USD Billion	[+]
GDP Constant Prices	61875.00	61140.00	61875.00	26757.00	NZD Million	[+]
Gross National Product	65229.00	64823.00	65229.00	25092.00	NZD Million	[+]
Gross Fixed Capital Formation	15637.00	15648.00	15648.00	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	3360.00	3228.00	3360.00	1804.00	NZD Million	[+]
GDP From Construction	3824.00	3803.00	3837.00	1108.00	NZD Million	[+]
GDP From Manufacturing	6000.00	5975.00	6266.00	3968.00	NZD Million	[+]
GDP From Mining	602.00	753.00	1187.00	437.00	NZD Million	[+]
GDP From Public Administration	2611.00	2603.00	2611.00	1311.00	NZD Million	[+]
GDP From Services	41215.00	40796.00	41215.00	16791.00	NZD Million	[+]
GDP From Transport	2877.00	2826.00	2877.00	941.00	NZD Million	[+]
GDP From Utilities	1784.00	1720.00	1784.00	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 November of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.80	2.60	7.30	-2.40	1988 - 2018	percent	Quarterly

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Country	Last		Previous	Highest	Lowest
India	8.20	Jun/18	7.7	11.4	-5.2	%	Quarterly
China	6.50	Sep/18	6.7	15.4	3.8	%	Quarterly
Turkey	5.20	Jun/18	7.3	11.7	-14.4	%	Quarterly
Indonesia	5.17	Sep/18	5.27	7.16	1.56	%	Quarterly
Australia	3.40	Jun/18	3.2	9	-3.4	%	Quarterly
Switzerland	3.40	Jun/18	2.9	5.8	-3.7	%	Quarterly
United States	3.00	Sep/18	2.9	13.4	-3.9	%	Quarterly
Mexico	2.60	Sep/18	2.6	9	-9.1	%	Quarterly
Singapore	2.60	Sep/18	4.1	19	-8.8	%	Quarterly
Spain	2.50	Sep/18	2.5	5.6	-4.3	%	Quarterly
Netherlands	2.40	Sep/18	3.1	6.1	-4.6	%	Quarterly
South Korea	2.00	Sep/18	2.8	19.6	-7.4	%	Quarterly
Canada	1.90	Jun/18	2.3	9.3	-4.1	%	Quarterly
Euro Area	1.70	Sep/18	2.2	5	-5.5	%	Quarterly
Saudi Arabia	1.61	Jun/18	1.15	24.2	-20.7	%	Quarterly
France	1.50	Sep/18	1.7	12.6	-3.8	%	Quarterly
United Kingdom	1.50	Sep/18	1.2	9.7	-6.1	%	Quarterly
Russia	1.30	Sep/18	1.9	12.1	-11.2	%	Quarterly
Germany	1.10	Sep/18	2	7.2	-6.8	%	Quarterly
Brazil	1.00	Jun/18	1.2	10.1	-5.6	%	Quarterly
Italy	0.80	Sep/18	1.2	10.3	-7.2	%	Quarterly
South Africa	0.40	Jun/18	0.8	7.1	-2.6	%	Quarterly
Japan	0.30	Sep/18	1.4	9.4	-8.8	%	Quarterly
Argentina	-4.20	Jun/18	3.9	16.2	-16.3	%	Quarterly