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.

The Gross Domestic Product (GDP) in New Zealand was worth 260.24 billion US dollars in 2024, according to official data from the World Bank. The GDP value of New Zealand represents 0.25 percent of the world economy. This dataset provides - New Zealand GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

New Zealand Gross Domestic Product (GDP) data was reported at 112,923.000 NZD mn in Dec 2024. This records an increase from the previous number of 103,132.000 NZD mn for Sep 2024. New Zealand Gross Domestic Product (GDP) data is updated quarterly, averaging 41,235.000 NZD mn from Jun 1987 (Median) to Dec 2024, with 151 observations. The data reached an all-time high of 112,923.000 NZD mn in Dec 2024 and a record low of 15,530.000 NZD mn in Sep 1987. New Zealand Gross Domestic Product (GDP) data remains active status in CEIC and is reported by Stats NZ. The data is categorized under Global Database’s New Zealand – Table NZ.A001: SNA08: GDP by Expenditure.

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 gross domestic product (GDP) in current prices in New Zealand amounted to about 257.73 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by approximately 235.18 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP will rise by around 48.57 billion U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

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.

The rental, hiring, and real estate services industry in New Zealand recorded a gross domestic product (GDP) of around **** billion New Zealand dollars in the year ended March 2025. Across the reported period, the industry witnessed continuous year-on-year growth in its 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.

All data produced and managed by the National Accounts Quarterlies team for the production of quarterly GDP releases. QGDP outputs are: - the production-based measure of GDP in chain-volume measures expressed in 2009/10 prices GDP(P) - the expenditure-based measure of GDP in both current prices and chain-volume measures expressed in 2009/10 prices – GDP(E)

Graph and download economic data for Real GDP at Constant National Prices for New Zealand (RGDPNANZA666NRUG) from 1950 to 2019 about New Zealand, real, GDP, and price.

The gross domestic product (GDP) per capita in New Zealand was estimated at 48,310 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 41,050 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 4,540 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).

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: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for New Zealand (NZLGDPRQPSMEI) from Q1 1989 to Q1 2025 about New Zealand, real, GDP, and rate.

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.

GDP Deflator in New Zealand increased to 1525 points in the first quarter of 2025 from 1509 points in the fourth quarter of 2024. This dataset provides - New Zealand GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in New Zealand from 2011 to 2021. In 2021, agriculture contributed around 5.78 percent to the GDP of New Zealand, 18.97 percent came from the industry and 67.11 percent from the service sector.

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.

GDP from Construction in New Zealand increased to 4125 NZD Million in the first quarter of 2025 from 4106 NZD Million in the fourth quarter of 2024. This dataset provides - New Zealand Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for New Zealand (NAEXKP01NZA189S) from 1988 to 2022 about New Zealand, real, and GDP.

New Zealand NZ: Government Expenditure on Education: Total: % of GDP data was reported at 6.345 % in 2015. This records a decrease from the previous number of 6.355 % for 2014. New Zealand NZ: Government Expenditure on Education: Total: % of GDP data is updated yearly, averaging 5.829 % from Dec 1973 (Median) to 2015, with 36 observations. The data reached an all-time high of 7.153 % in 2012 and a record low of 3.430 % in 1986. New Zealand NZ: Government Expenditure on Education: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s New Zealand – Table NZ.World Bank: Education Statistics. General government expenditure on education (current, capital, and transfers) is expressed as a percentage of GDP. It includes expenditure funded by transfers from international sources to government. General government usually refers to local, regional and central governments.; ; United Nations Educational, Scientific, and Cultural Organization (UNESCO) Institute for Statistics.; Median;