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.

New Zealand GDP Annual Growth Rate
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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 [+]


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 June of 2019.

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




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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