The Gross Domestic Product (GDP) in New Zealand contracted 0.70 percent in the first quarter of 2025 over the same quarter of the previous year. This dataset provides - New Zealand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about New Zealand Real GDP Growth

• The Gross Domestic Product (GDP) in New Zealand expanded 1.8 % YoY in Mar 2023, following a growth of 2.4 % in the previous quarter.
• Real GDP Growth YoY data in New Zealand is updated quarterly, available from Jun 1983 to Mar 2023, with an average rate of 3.1 %.
• The data reached an all-time high of 18.8 % in Jun 2021 and a record low of -9.6 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics New Zealand provides Real GDP in local currency, at chain linked 2009-2010 prices. Real GDP Growth prior to Q2 1988 is calculated from GDP Volume Index sourced from the International Monetary Fund.


Related information about New Zealand Real GDP Growth

• In the latest reports, Nominal GDP of New Zealand reached 62.0 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.6 % in Mar 2023.
• GDP Per Capita in New Zealand reached 46,936.8 USD in Mar 2023.
• Its Gross Savings Rate was measured at 22.8 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 25.4 % in Mar 2023.
• Public Consumption accounted for 20.6 % in Mar 2023.
• Private Consumption accounted for 56.6 % in Mar 2023.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for New Zealand (NAEXKP07NZQ659S) from Q1 1989 to Q4 2024 about New Zealand, imports, goods, services, real, and GDP.

The Gross Domestic Product (GDP) in New Zealand expanded 0.80 percent in the first quarter of 2025 over the previous quarter. This dataset provides - New Zealand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the growth of the real gross domestic product (GDP) in New Zealand amounted to about -0.48 percent. Between 1980 and 2024, the figure dropped by approximately 1.49 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the growth will rise by around 2.68 percentage points, showing an overall upward trend with periodic ups and downs.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The latest data from show economic growth of -0.7 percent, which is an increase from the rate of growth of -1.3 percent in the previous quarter and
a decrease compared to the growth rate of 1.3 percent in the same quarter last year. The economic growth time series for New Zealand cover the period...

Key information about New Zealand Nominal GDP Growth

• New Zealand Nominal GDP Growth was reported at 1.644 % in Sep 2024.
• This records a decrease from the previous number of 2.557 % for Jun 2024.
• New Zealand Nominal GDP Growth data is updated quarterly, averaging 5.353 % from Jun 1988 to Sep 2024, with 146 observations.
• The data reached an all-time high of 20.130 % in Jun 2021 and a record low of -7.270 % in Jun 2020.
• New Zealand Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Stats NZ provides Nominal GDP in local currency.

Graph and download economic data for National Accounts: National Accounts Deflators: Gross Domestic Product: GDP Deflator for New Zealand (NZLGDPDEFQISMEI) from Q1 1988 to Q3 2023 about New Zealand, implicit price deflator, and GDP.

New Zealand ASB Forecast: Real GDP: Growth Rate: Year to Date data was reported at 2.400 % in Sep 2026. This stayed constant from the previous number of 2.400 % for Jun 2026. New Zealand ASB Forecast: Real GDP: Growth Rate: Year to Date data is updated quarterly, averaging 2.400 % from Jun 2016 (Median) to Sep 2026, with 42 observations. The data reached an all-time high of 5.700 % in Dec 2021 and a record low of -3.500 % in Sep 2020. New Zealand ASB Forecast: Real GDP: Growth Rate: Year to Date data remains active status in CEIC and is reported by ASB Bank Limited. The data is categorized under Global Database’s New Zealand – Table NZ.A009: SNA08: Real GDP by Expenditure: Forecast: ASB Bank Ltd.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Private Final Consumption Expenditure for New Zealand (NAEXKP02NZQ659S) from Q1 1989 to Q4 2024 about New Zealand, consumption expenditures, consumption, private, real, and GDP.

Key information about New Zealand GDP Deflator Growth

• New Zealand GDP deflator (implicit price deflator) increased 5.4 % in Sep 2022, compared with an increase of 6.4 % in the previous quarter.
• New Zealand GDP Deflator Growth data is updated quarterly, available from Jun 1988 to Sep 2022, with an average rate of 2.1 %.
• The data reached an all-time high of 8.6 % in Sep 1988 and a record low of -2.1 % in Dec 2014.

CEIC calculates GDP Deflator Growth from quarterly GDP Deflator. Statistics New Zealand provides GDP Deflator, at chain linked 2009-2010 prices.


Related information about New Zealand GDP Deflator Growth

• In the latest reports, New Zealand GDP expanded 6.5 % YoY in Sep 2022.
• Its Nominal GDP reached 59.8 USD bn in Sep 2022.
• New Zealand GDP Per Capita reached 48,668.5 USD in Mar 2022.
• Its Gross Savings Rate was measured at 20.3 % in Sep 2022.

The gross domestic product (GDP) per capita in New Zealand was estimated at about 48.31 thousand U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by approximately 41.05 thousand U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by around 4.54 thousand U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for New Zealand (NAEXKP07NZQ657S) from Q2 1988 to Q4 2024 about New Zealand, imports, goods, services, real, and GDP.

New Zealand Real(GDP) Gross Domestic ProductGrowth Expectations: 1 Year Ahead data was reported at 2.640 % in Jun 2018. This records a decrease from the previous number of 2.750 % for Mar 2018. New Zealand Real(GDP) Gross Domestic ProductGrowth Expectations: 1 Year Ahead data is updated quarterly, averaging 2.400 % from Sep 1987 (Median) to Jun 2018, with 124 observations. The data reached an all-time high of 4.700 % in Mar 1995 and a record low of -0.400 % in Mar 1988. New Zealand Real(GDP) Gross Domestic ProductGrowth Expectations: 1 Year Ahead data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.S014: Survey of Expectation.

New Zealand Real(GDP) Gross Domestic ProductGrowth Expectations: 2 Years Ahead data was reported at 2.440 % in Dec 2018. This records an increase from the previous number of 2.200 % for Sep 2018. New Zealand Real(GDP) Gross Domestic ProductGrowth Expectations: 2 Years Ahead data is updated quarterly, averaging 2.600 % from Dec 1993 (Median) to Dec 2018, with 101 observations. The data reached an all-time high of 4.000 % in Mar 1995 and a record low of -0.080 % in Mar 2009. New Zealand Real(GDP) Gross Domestic ProductGrowth Expectations: 2 Years Ahead data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.A022: Real GDP: Forecast: Reserve Bank of New Zealand.

Key information about New Zealand Labour Productivity Growth

• New Zealand Labour Productivity dropped by 0.50 % YoY in Sep 2024, compared with a drop of 0.39 % in the previous quarter
• New Zealand Labour Productivity Growth data is updated quarterly, available from Jun 1988 to Sep 2024, averaging at 1.00 %
• The data reached an all-time high of 16.40 % in Jun 2021 and a record low of -10.70 % in Jun 2020

CEIC calculates Labour Productivity Growth from quarterly Real GDP and quarterly Employment. Stats NZ provides Real GDP in local currency, at 2009-2010 prices and Employment

The Gross Domestic Product per capita in New Zealand was last recorded at 41416.28 US dollars in 2024. The GDP per Capita in New Zealand is equivalent to 328 percent of the world's average. This dataset provides - New Zealand GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This report analyses the real growth rate of New Zealand's gross domestic product (GDP). The data for this report is sourced from Statistics New Zealand (Tatauranga Aotearoa). The quarterly-released data is presented in financial years and measured in billions of seasonally adjusted, constant 2009-10 dollars that have been deflated using chain volume measures.

New Zealand RBNZ Forecast: GDP: YoY data was reported at 2.600 % in Mar 2028. This records an increase from the previous number of 2.500 % for Dec 2027. New Zealand RBNZ Forecast: GDP: YoY data is updated quarterly, averaging 2.300 % from Sep 2017 (Median) to Mar 2028, with 43 observations. The data reached an all-time high of 15.600 % in Jun 2021 and a record low of -14.500 % in Jun 2020. New Zealand RBNZ Forecast: GDP: YoY data remains active status in CEIC and is reported by Reserve Bank of New Zealand. The data is categorized under Global Database’s New Zealand – Table NZ.A011: SNA08: Real GDP by Expenditure: Forecast: Reserve Bank of New Zealand.

New Zealand GDP: Deflator: Gross Capital Formation data was reported at 1.514 Index, 2009 in Dec 2026. This records an increase from the previous number of 1.506 Index, 2009 for Sep 2026. New Zealand GDP: Deflator: Gross Capital Formation data is updated quarterly, averaging 0.848 Index, 2009 from Mar 1970 (Median) to Dec 2026, with 228 observations. The data reached an all-time high of 1.514 Index, 2009 in Dec 2026 and a record low of 0.091 Index, 2009 in Mar 1970. New Zealand GDP: Deflator: Gross Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s New Zealand – Table NZ.OECD.EO: GDP: Deflator: Forecast: OECD Member: Quarterly.