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%. source: Statistics New Zealand

The Gross Domestic Product (GDP) in New Zealand expanded 1.30 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in New Zealand averaged 2.45 percent from 1987 until 2025, 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 April of 2026.

The Gross Domestic Product (GDP) in New Zealand expanded 1.30 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in New Zealand is expected to be 0.70 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 3.20 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-17 09:45 PM
GDP Growth Rate YoY
Q3 1.3% -1.1% 1.3% 1.1%
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 1.3% 0.7%


Related Last Previous Unit Reference
GDP Growth Rate YoY 1.30 1.10 percent Dec 2025
GDP Constant Prices 72457.00 72406.00 NZD Million Dec 2025
GDP from Agriculture 3641.00 3624.00 NZD Million Dec 2025
GDP from Construction 4274.00 4335.00 NZD Million Dec 2025
GDP from Manufacturing 5510.00 5509.00 NZD Million Dec 2025
GDP from Mining 504.00 486.00 NZD Million Dec 2025
GDP from Public Administration 3461.00 3444.00 NZD Million Dec 2025
GDP from Services 49763.00 49408.00 NZD Million Dec 2025
GDP from Transport 2934.00 2902.00 NZD Million Dec 2025
GDP from Utilities 1818.00 1805.00 NZD Million Dec 2025
GDP Growth Rate 0.20 0.90 percent Dec 2025
Gross Fixed Capital Formation 17049.00 17429.00 NZD Million Dec 2025
Gross National Product 77518.00 77162.00 NZD Million Dec 2025


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
1.30 1.10 17.70 -9.70 1987 - 2025 percent Quarterly

News Stream
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
NZ Annual GDP Falls 0.6% in Q2, Missing Expectations
New Zealand’s economy contracted by 0.6% year-on-year in Q2 2025, extending the 0.6% decline seen in the previous quarter and defying expectations of flat growth. The downturn was driven by a 4.7% drop in goods-producing industries (vs. -2.8% in Q1), with sharp declines in construction (-7.6% vs. -8%) and manufacturing (-3.2% vs. +2%). In contrast, service industries grew 0.5%, up from a 0.1% rise in Q1, while the primary sector inched up 0.1%, slowing from 0.5% growth previously. On a quarterly basis, GDP fell 0.9%, reversing a 0.9% expansion in the first quarter.
2025-09-17