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.

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.

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.

New Zealand: Economic growth forecast: The latest value from 2030 is 2.2 percent, a decline from 2.24 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for New Zealand from 1980 to 2030 is 2.49 percent. The minimum value, -1.32 percent, was reached in 1991 while the maximum of 6.86 percent was recorded in 1984.

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.

New Zealand: Economic growth: the rate of change of real GDP: The latest value from 2024 is -0.13 percent, a decline from 1.39 percent in 2023. In comparison, the world average is 3.20 percent, based on data from 177 countries. Historically, the average for New Zealand from 1961 to 2024 is 2.66 percent. The minimum value, -4.59 percent, was reached in 1967 while the maximum of 10.19 percent was recorded in 1969.

Full Year GDP Growth in New Zealand decreased to -0.50 percent in 2024 from 1.80 percent in 2023. This dataset includes a chart with historical data for New Zealand Full Year GDP Growth.

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 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...

New Zealand NZ: GDP: Growth data was reported at 3.029 % in 2018. This records a decrease from the previous number of 3.471 % for 2017. New Zealand NZ: GDP: Growth data is updated yearly, averaging 2.706 % from Mar 1972 (Median) to 2018, with 47 observations. The data reached an all-time high of 7.800 % in 1974 and a record low of -4.311 % in 1988. New Zealand NZ: GDP: Growth 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.WDI: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Historical dataset showing New Zealand economic growth by year from 1960 to 2018.

New Zealand NZ: GDP: Growth: Gross Value Added: Services data was reported at 3.981 % in 2016. This records an increase from the previous number of 3.216 % for 2015. New Zealand NZ: GDP: Growth: Gross Value Added: Services data is updated yearly, averaging 3.265 % from Dec 1978 (Median) to 2016, with 39 observations. The data reached an all-time high of 9.157 % in 1986 and a record low of -1.034 % in 1990. New Zealand NZ: GDP: Growth: Gross Value Added: Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate for value added in services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Services correspond to ISIC divisions 50-99. They include value added in wholesale and retail trade (including hotels and restaurants), transport, and government, financial, professional, and personal services such as education, health care, and real estate services. Also included are imputed bank service charges, import duties, and any statistical discrepancies noted by national compilers as well as discrepancies arising from rescaling. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The industrial origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

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.

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 NZ: GDP: Growth: Imports of Goods and Services data was reported at 5.078 % in 2017. This records an increase from the previous number of 2.048 % for 2016. New Zealand NZ: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 4.974 % from Mar 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 21.321 % in 1974 and a record low of -21.596 % in 1976. New Zealand NZ: GDP: Growth: Imports of Goods and Services 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: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for New Zealand (NAEXKP06NZA657S) from 1989 to 2024 about New Zealand, exports, goods, services, real, and GDP.

Economic growth, quarterly in New Zealand, March, 2025 The most recent value is 0.8 percent as of Q1 2025, an increase compared to the previous value of 0.5 percent. Historically, the average for New Zealand from Q3 1986 to Q1 2025 is 0.62 percent. The minimum of -10.4 percent was recorded in Q2 2020, while the maximum of 14.1 percent was reached in Q3 2020. | TheGlobalEconomy.com

New Zealand NZ: GDP: Growth: Gross Capital Formation data was reported at 5.281 % in 2017. This records an increase from the previous number of 3.112 % for 2016. New Zealand NZ: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 5.376 % from Mar 1972 (Median) to 2017, with 46 observations. The data reached an all-time high of 31.133 % in 1974 and a record low of -32.512 % in 1976. New Zealand NZ: GDP: Growth: Gross Capital Formation 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.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In the year ended March 2025, New Zealand's construction industry GDP declined by around *** percent from the previous year. The industry's GDP has remained above **** billion New Zealand dollars since 2020.

GDP per capita growth (annual %) in New Zealand was reported at --1.8757 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. New Zealand - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.