New Zealand | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.10 0.7 0.7 0.8 0.9 0.8 percent [+]
Unemployment Rate 5.20 5.1 5.2 5.2 5.3 5.3 percent [+]
Inflation Rate 1.30 0.4 0.5 0.6 0.8 2.2 percent [+]
Interest Rate 1.75 1.75 1.5 1.5 1.5 2.25 percent [+]
Balance of Trade -41.38 -295 -230 -212 -207 -205 NZD Million [+]
Government Debt to GDP 24.60 23.77 23.71 23.65 23.59 22.32 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 0.72 0.68 0.67 0.66 0.68 0.55 [+]
Stock Market 7089.52 6740 6670 6600 6530 5500 points [+]
Government Bond 10Y 3.26 3.54 3.57 3.61 3.28 4.16 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.10 0.7 0.7 0.8 0.9 0.8 percent [+]
GDP Annual Growth Rate 3.50 2.1 2.3 2.4 2.7 2.3 percent [+]
GDP 173.75 180 180 180 180 250 USD Billion [+]
GDP Constant Prices 58298.00 61861 63602 65173 66731 122046 NZD Million [+]
Gross National Product 60080.00 60428 60887 61350 61817 67719 NZD Million [+]
Gross Fixed Capital Formation 14305.00 14478 14656 14761 14891 16474 NZD Million [+]
GDP per capita 36801.40 36940 36940 36741 36940 38420 USD [+]
GDP per capita PPP 35158.64 35150 35150 35150 35150 36100 USD [+]
GDP From Agriculture 3262.00 3285 3293 3310 3320 3451 NZD Million [+]
GDP From Construction 3516.00 3537 3562 3540 3555 3549 NZD Million [+]
GDP From Manufacturing 5849.00 5866 5859 5852 5852 5854 NZD Million [+]
GDP From Mining 797.00 814 829 829 828 821 NZD Million [+]
GDP From Public Administration 2455.00 2472 2476 2488 2495 2575 NZD Million [+]
GDP From Services 38193.00 38753 39016 39263 39504 42173 NZD Million [+]
GDP From Transport 2469.00 2433 2451 2468 2485 2707 NZD Million [+]
GDP From Utilities 1618.00 1616 1624 1618 1622 1621 NZD Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 5.20 5.1 5.2 5.2 5.3 5.3 percent [+]
Employed Persons 2510.00 2557 2579 2603 2620 2720 Thousand [+]
Unemployed Persons 139.00 127 128 127 127 127 Thousand [+]
Employment Change 0.80 1.29 1.01 0.97 0.89 0.65 percent [+]
Labor Force Participation Rate 70.50 70.19 70.26 70.33 70.39 70.81 percent [+]
Labour Costs 1137.00 1141 1145 1150 1154 1203 Index Points [+]
Productivity 167.96 168 169 168 168 168 Index Points [+]
Job Vacancies 145.80 148 150 151 152 154 Index Points [+]
Job Advertisements 41656.18 43681 44132 44403 44567 44819 [+]
Wages 29.80 29.9 30.03 30.13 30.16 31.04 NZD/Hour [+]
Wages in Manufacturing 28.71 -156 18.1 -146 12.07 9.5 NZD Million/Quarter [+]
Minimum Wages 15.75 15.25 15.25 15.25 15.25 16.75 NZD/Hour [+]
Population 4.60 4.61 4.63 4.65 4.67 4.79 Million [+]
Retirement Age Women 65.00 65 65 65 65 65 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Full Time Employment 1981.00 2006 2022 2040 2055 2137 Thousand [+]
Employment Rate 66.90 67.07 67.4 67.57 67.73 68.08 percent [+]
Part Time Employment 528.00 532 532 530 532 531 Thousand [+]
Youth Unemployment Rate 11.10 11.22 11.5 11.22 11.21 11.27 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.30 0.4 0.5 0.6 0.8 2.2 percent [+]
Inflation Rate Mom 0.40 0.25 0.24 0.23 0.22 0.22 percent [+]
Consumer Price Index CPI 1214.00 1212 1214 1217 1219 1246 Index Points [+]
Core Consumer Prices 1216.00 1215 1217 1219 1222 1249 Index Points [+]
Core Inflation Rate 1.42 0.52 0.48 0.52 0.39 0.49 percent [+]
GDP Deflator 1127.00 1132 1133 1134 1134 1136 Index Points [+]
Producer Prices 1059.00 1064 1069 1073 1076 1083 Index Points [+]
Export Prices 993.00 993 1000 1003 1004 1002 Index Points [+]
Import Prices 780.00 779 779 780 781 781 Index Points [+]
Food Inflation 1.40 1.39 1.38 1.38 1.38 1.38 percent [+]
Cpi Transportation 1076.00 1017 1022 1013 1017 1014 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 1.75 1.75 1.5 1.5 1.5 2.25 percent [+]
Interbank Rate 2.39 2.39 2.42 2.45 2.46 2.46 percent [+]
Money Supply M0 6298.00 6011 5949 5950 5951 5951 NZD Million [+]
Money Supply M1 50527.00 50746 51577 52457 53308 63226 NZD Million [+]
Money Supply M2 153357.00 155097 156900 158695 160439 178230 NZD Million [+]
Money Supply M3 325467.00 329050 333845 338511 343117 394715 NZD Million [+]
Foreign Exchange Reserves 25557.00 24902 24954 24975 24970 24970 NZD Million [+]
Banks Balance Sheet 510565.00 511579 512409 512560 512679 512717 NZD Million [+]
Deposit Interest Rate 3.80 4.16 4 3.85 3.7 3.8 percent [+]
Central Bank Balance Sheet 26212.00 25732 25914 25945 25935 25933 NZD Million [+]
Loans To Private Sector 94779.00 95901 96818 97672 98444 103733 NZD Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -41.38 -295 -230 -212 -207 -205 NZD Million [+]
Exports 4381.50 4003 3936 3965 3964 3961 NZD Million [+]
Imports 4422.90 4394 4428 4437 4432 4432 NZD Million [+]
Current Account -4891.00 763 -1187 -2986 -1003 -35.22 NZD Million [+]
Current Account to GDP -3.10 -4.42 -4.29 -4.15 -4.02 -5.16 percent [+]
External Debt 260715.00 263096 264225 265514 266694 279590 NZD Million [+]
Terms of Trade 1273.00 1284 1286 1293 1298 1297 Index Points [+]
Capital Flows 5247.00 2695 2097 4083 3979 3447 NZD Million [+]
Foreign Direct Investment 334.00 488 552 494 483 477 NZD Million [+]
Tourist Arrivals 494193.00 266698 237829 271310 278718 266695 [+]
Crude Oil Production 33.00 33.87 33.87 33.87 33.87 33.87 BBL/D/1K [+]
Weapons Sales 7.00 0.31 -5.07 -10.46 -13.25 -17.42 USD Million [+]
Terrorism Index 0.23 0.13 0.1 0.07 0.03 0.44 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 24.60 23.77 23.71 23.65 23.59 22.32 percent [+]
Government Budget 0.70 -0.33 0.3 0.3 0.9 -3.63 percent of GDP [+]
Government Budget Value 1831.00 1919 2152 2385 2618 590 NZD Million [+]
Government Spending 10899.00 11001 11057 11108 11159 11749 NZD Million [+]
Government Revenues 98159.00 98445 99264 100084 100904 109477 NZD Million [+]
Fiscal Expenditure 95880.00 93944 94646 95348 96050 98746 NZD Milliom [+]
Asylum Applications 28.00 26.55 27.19 26.93 26.99 26.99 Persons [+]
Government Debt 61880.00 59160 60180 60691 61201 57386 NZD Million [+]
Military Expenditure 2446.70 2408 2426 2443 2422 2329 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Business Confidence 21.70 19.39 16.26 13.88 11.97 4.83 [+]
Manufacturing PMI 51.60 53.14 52.98 52.97 53.01 53.03 [+]
Industrial Production 5.10 4.66 4.36 4.45 4.44 4.43 percent [+]
Capacity Utilization 92.70 92.2 92.39 92.66 92.85 92.53 percent [+]
Changes in Inventories -200.00 20.75 177 177 148 103 NZD Million [+]
Car Registrations 4601.00 4624 4565 4657 4559 4561 Cars [+]
Competitiveness Index 5.31 5.27 5.27 5.27 5.27 5.36 Points [+]
Competitiveness Rank 13.00 17.47 17.47 14.39 13.37 13.39 [+]
Composite Pmi 56.20 55.66 55.73 55.81 55.85 55.86 [+]
Ease of Doing Business 1.00 1.29 1.29 1.29 1.29 1.75 [+]
Corruption Index 88.00 91.81 91.95 92.09 92.23 94.29 Points [+]
Corruption Rank 1.00 2.87 3 3.12 3.25 4.26 [+]
Steel Production 64.02 45.39 46.35 46.98 47.25 47.36 Thousand Tonnes [+]
Services Pmi 59.50 59.33 59.74 59.97 60.11 60.36 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 113.10 112 110 111 112 112 [+]
Retail Sales MoM 0.80 0.92 0.74 0.85 0.83 0.85 percent [+]
Retail Sales YoY 4.20 4.64 4.05 4.36 4.79 4.65 percent [+]
Consumer Spending 35218.00 35355 35590 35827 36065 39074 NZD Million [+]
Private Sector Credit 408555.00 415127 421780 428327 434774 504927 NZD Million [+]
Bank Lending Rate 9.19 9.17 9.17 9.18 9.19 9.21 percent [+]
Consumer Credit 246877.00 251753 256576 261340 266046 318286 NZD Million [+]
Households Debt To Income 165.00 170 171 173 174 186 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 2215.00 2370 2367 2354 2353 2355 [+]
Housing Index 0.20 1.46 0.86 1.07 1.02 1.03 percent [+]
Construction Output 22.10 18.36 15.11 14.21 14.42 16.81 percent [+]
Home Ownership Rate 64.80 64.73 64.65 64.58 64.5 62.85 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 28.00 28 28 28 28 28 percent [+]
Personal Income Tax Rate 33.00 33 33 33 33 33 percent [+]
Sales Tax Rate 15.00 15 15 15 15 15 percent [+]
Social Security Rate 11.00 11 11 11 11 11 percent [+]
Social Security Rate For Companies 3.00 3 3 3 3 3 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for New Zealand including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the New Zealand economy. 2/23/2017