New Zealand’s economy expanded by 1.5% year-on-year in the three months to March 2026, matching the revised figure in the previous quarter and exceeding the expected 1.1% growth. It was the third consecutive quarter of annual growth, boosted by service industries (2.0% vs 1.8% in Q4 2025), due mainly to higher wholesale trade (7.7%), retail trade and accommodation (4.4%), arts, recreation, and other services (2.5%), public administration and safety (2.3%), and professional, scientific, technical, administration, and support services (2.0%). Conversely, goods-producing industries shrank 0.4%, weighed down by construction activities (-3.8%), while primary industries were unchanged, with agriculture, forestry, and fishing growing 1.7%, offset by a 10.9% fall in the mining sector. On a quarterly basis, the economy expanded by 0.8% in Q1 2026, accelerating from an upwardly revised 0.5% growth in Q4 2025 but falling slightly short of forecasts of 0.9%. source: Statistics New Zealand

The Gross Domestic Product (GDP) in New Zealand expanded 1.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in New Zealand averaged 2.45 percent from 1987 until 2026, reaching an all time high of 17.70 percent in the second quarter of 2021 and a record low of -9.70 percent in the second quarter of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

The Gross Domestic Product (GDP) in New Zealand expanded 1.50 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in New Zealand is expected to be 1.20 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 Annual Growth Rate is projected to trend around 2.50 percent in 2027 and 3.20 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-18 09:45 PM
GDP Growth Rate YoY
Q4 1.3% 1.1% 1.7% 1.3%
2026-06-17 10:45 PM
GDP Growth Rate YoY
Q1 1.5% 1.5% 1.1% 1.0%
2026-09-17 10:45 PM
GDP Growth Rate YoY
Q2 1.5% 1.2%


Related Last Previous Unit Reference
GDP Growth Rate YoY 1.50 1.50 percent Mar 2026
GDP Constant Prices 73699.00 72963.00 NZD Million Mar 2026
GDP from Agriculture 3668.00 3624.00 NZD Million Mar 2026
GDP from Construction 4285.00 4327.00 NZD Million Mar 2026
GDP from Manufacturing 5634.00 5531.00 NZD Million Mar 2026
GDP from Mining 445.00 503.00 NZD Million Mar 2026
GDP from Public Administration 3433.00 3458.00 NZD Million Mar 2026
GDP from Services 50058.00 49821.00 NZD Million Mar 2026
GDP from Transport 2975.00 2945.00 NZD Million Mar 2026
GDP from Utilities 1815.00 1821.00 NZD Million Mar 2026
GDP Growth Rate 0.80 0.50 percent Mar 2026
Gross Fixed Capital Formation 17539.00 17203.00 NZD Million Mar 2026
Gross National Product 78486.00 77764.00 NZD Million Mar 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 17.70 -9.70 1987 - 2026 percent Quarterly

News Stream
New Zealand Q1 GDP Annual Growth Beats Estimates
New Zealand’s economy expanded by 1.5% year-on-year in the three months to March 2026, matching the revised figure in the previous quarter and exceeding the expected 1.1% growth. It was the third consecutive quarter of annual growth, boosted by service industries (2.0% vs 1.8% in Q4 2025), due mainly to higher wholesale trade (7.7%), retail trade and accommodation (4.4%), arts, recreation, and other services (2.5%), public administration and safety (2.3%), and professional, scientific, technical, administration, and support services (2.0%). Conversely, goods-producing industries shrank 0.4%, weighed down by construction activities (-3.8%), while primary industries were unchanged, with agriculture, forestry, and fishing growing 1.7%, offset by a 10.9% fall in the mining sector. On a quarterly basis, the economy expanded by 0.8% in Q1 2026, accelerating from an upwardly revised 0.5% growth in Q4 2025 but falling slightly short of forecasts of 0.9%.
2026-06-17
New Zealand GDP Expands 1.3% Annually in Q4
New Zealand’s economy expanded by 1.3% year-on-year in the three months to December 2025, marking its second consecutive annual growth. This followed a 1.1% expansion in the previous period and was less than the expected 1.7% growth. The rebound was driven by a recovery in primary industries, led by strong growth in agriculture, forestry, and fishing (0.5%, up from -0.1%). The services sector also strengthened markedly, rising 0.7% compared with 0.7% in the third quarter, supported by solid gains in retail trade (1.3%), wholesale trade (0.9%), financial and insurance services (1.5%), and public administration and safety (0.5%). Meanwhile, the goods-producing sector continued to contract but at a much slower pace (-0.4% versus 1.7%), with utilities posting robust growth of 0.7%. On a quarterly basis, the economy expanded by 0.2%.
2026-03-18
New Zealand GDP Up 1.3% YoY in Q3
New Zealand’s economy expanded by 1.3% year-on-year in the three months to September 2025, marking its first annual growth in five quarters. This followed a 1.1% contraction in the previous period and was in line with expectations. The rebound was driven by a recovery in primary industries, led by strong growth in agriculture, forestry, and fishing (2.5%, up from 1.1%). The services sector also strengthened markedly, rising 1.6% compared with 0.3% in the second quarter, supported by solid gains in retail trade (3.5%), wholesale trade (3.3%), professional, scientific, technical and administrative services (3.1%), and public administration and safety (2.5%). Meanwhile, the goods-producing sector continued to contract but at a much slower pace (-0.9% versus -5.9%), with utilities posting robust growth of 4.4%. On a quarterly basis, the economy expanded by 1.1%.
2025-12-17