New Zealand GDP Annual Growth Rate  1988-2018 | Data | Chart | Calendar

The GDP in New Zealand expanded 2.7 percent year-on-year in the first quarter of 2018, down from 2.9 percent growth in the previous period and matching market expectations. It was the slowest growth rate since June 2014. The downtick compared to the fourth quarter was mainly explained by contractions in primary activity (-2.1 percent), utilities (-0.8 percent), and mining (-0.2 percent). In contrast, faster growth was observed for construction (2.4 percent vs 1.2 percent) and manufacturing (2.1 percent vs 2.0 percent). On a quarterly basis, GDP expanded 0.5 percent, down from 0.6 percent in the previous quarter. 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 -2.50 percent in the first quarter of 2009.

New Zealand GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-20 09:45 PM GDP Growth Rate YoY 2.7% 2.8% 2.3% 2.4%
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%
2018-09-20 10:45 PM GDP Growth Rate YoY 2.7% 2.7%
2018-12-20 09:45 PM GDP Growth Rate YoY 2.80%


New Zealand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.60 2.80 -2.40 percent [+]
GDP Annual Growth Rate 2.70 2.90 7.30 -2.50 percent [+]
GDP 205.85 189.29 205.85 5.18 USD Billion [+]
GDP Constant Prices 61197.00 61061.00 61197.00 26759.00 NZD Million [+]
Gross National Product 64823.00 64124.00 64823.00 25092.00 NZD Million [+]
Gross Fixed Capital Formation 15709.00 15541.00 15709.00 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 3205.00 3220.00 3369.00 1804.00 NZD Million [+]
GDP From Construction 3804.00 3838.00 3838.00 1108.00 NZD Million [+]
GDP From Manufacturing 5977.00 5936.00 6266.00 3968.00 NZD Million [+]
GDP From Mining 763.00 776.00 1187.00 437.00 NZD Million [+]
GDP From Public Administration 2607.00 2545.00 2607.00 1311.00 NZD Million [+]
GDP From Services 40801.00 40529.00 40801.00 16800.00 NZD Million [+]
GDP From Transport 2826.00 2815.00 2826.00 941.00 NZD Million [+]
GDP From Utilities 1721.00 1733.00 1741.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.90 7.30 -2.50 1988 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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