New Zealand | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.90 0.8 0.7 0.7 0.8 0.77 percent [+]
Unemployment Rate 4.90 5.2 5.1 5.2 5.2 5.3 percent [+]
Inflation Rate 0.40 0.4 0.4 0.5 0.6 2.2 percent [+]
Interest Rate 1.75 1.75 1.75 1.5 1.5 2.25 percent [+]
Balance of Trade -846.00 -474 -276 -222 -208 -202 NZD Million [+]
Government Debt to GDP 24.60 23.83 23.71 23.65 23.59 22.32 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 0.71 0.69 0.69 0.68 0.67 0.56 [+]
Stock Market 6904.85 6750 6680 6610 6540 5450 points [+]
Government Bond 10Y 3.26 3.07 3.1 3.13 3.16 3.65 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 0.90 0.8 0.7 0.7 0.8 0.77 percent [+]
GDP Annual Growth Rate 3.60 2.5 2.1 2.3 2.4 2.3 percent [+]
GDP 173.75 170 180 180 180 250 USD Billion [+]
GDP Constant Prices 57179.00 57243 57435 57635 57849 61517 NZD Million [+]
Gross National Product 58642.00 59493 59913 60338 60768 66738 NZD Million [+]
Gross Fixed Capital Formation 14283.00 14244 14340 14492 14619 16303 NZD Million [+]
GDP per capita 36463.53 36740 36940 36940 37145 38420 USD [+]
GDP per capita PPP 34762.35 35041 35150 35150 35150 36100 USD [+]
GDP From Agriculture 3493.00 3494 3506 3526 3542 3763 NZD Million [+]
GDP From Construction 3739.00 3806 3812 3803 3809 3805 NZD Million [+]
GDP From Manufacturing 5756.00 5756 5737 5746 5742 5743 NZD Million [+]
GDP From Mining 874.00 881 890 896 896 892 NZD Million [+]
GDP From Public Administration 2407.00 2430 2443 2446 2454 2513 NZD Million [+]
GDP From Services 37674.00 38134 38343 38542 38729 40377 NZD Million [+]
GDP From Transport 2313.00 2362 2377 2390 2405 2606 NZD Million [+]
GDP From Utilities 1649.00 1650 1642 1650 1643 1646 NZD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 4.90 5.2 5.1 5.2 5.2 5.3 percent [+]
Employed Persons 2494.00 2525 2557 2579 2603 2720 Thousand [+]
Unemployed Persons 128.00 130 127 128 127 127 Thousand [+]
Employment Change 1.40 1.35 1.29 1.01 0.97 0.65 percent [+]
Labor Force Participation Rate 70.10 70.14 70.19 70.26 70.33 70.81 percent [+]
Labour Costs 1132.00 1137 1141 1145 1150 1203 Index Points [+]
Productivity 167.02 166 166 167 167 167 Index Points [+]
Job Vacancies 142.10 144 146 147 148 150 Index Points [+]
Job Advertisements 41656.18 42939 43681 44132 44403 44819 [+]
Wages 29.84 29.94 30.05 30.2 30.34 31.74 NZD/Hour [+]
Wages in Manufacturing 28.67 3424 3443 3461 3480 3761 NZD Million/Quarter [+]
Minimum Wages 14.75 15 15 15 14.75 16.75 NZD/Hour [+]
Population 4.60 4.67 4.68 4.68 4.69 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 1950.00 1976 2000 2014 2030 2114 Thousand [+]
Employment Rate 66.70 67.07 67.4 67.57 67.73 68.08 percent [+]
Part Time Employment 542.00 536 538 539 537 538 Thousand [+]
Youth Unemployment Rate 11.10 11.22 11.5 11.22 11.21 11.27 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 0.40 0.4 0.4 0.5 0.6 2.2 percent [+]
Inflation Rate Mom 0.30 0.3 0.25 0.24 0.23 0.22 percent [+]
Consumer Price Index CPI 1207.00 1210 1212 1214 1217 1246 Index Points [+]
Core Consumer Prices 1209.00 1211 1213 1215 1218 1245 Index Points [+]
Core Inflation Rate 0.50 0.69 0.52 0.48 0.52 0.49 percent [+]
GDP Deflator 1130.00 1137 1140 1141 1143 1145 Index Points [+]
Producer Prices 1049.00 1054 1057 1061 1064 1071 Index Points [+]
Export Prices 993.00 996 993 1000 1003 1002 Index Points [+]
Import Prices 780.00 774 779 779 780 781 Index Points [+]
Food Inflation 0.10 0.12 0.13 0.14 0.14 0.14 percent [+]
Cpi Transportation 1026.00 1024 1017 1022 1013 1014 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 1.75 1.75 1.75 1.5 1.5 2.25 percent [+]
Interbank Rate 2.58 2.59 2.61 2.63 2.64 2.64 percent [+]
Money Supply M0 5661.00 5532 5421 5324 5240 4780 NZD Million [+]
Money Supply M1 46881.00 47601 48419 49251 50096 62433 NZD Million [+]
Money Supply M2 149620.00 155353 158699 162115 165602 218270 NZD Million [+]
Money Supply M3 313698.00 321410 326251 330972 335650 400719 NZD Million [+]
Foreign Exchange Reserves 24463.00 24417 24415 24415 24416 24416 NZD Million [+]
Banks Balance Sheet 505997.00 517304 523001 528965 535089 622534 NZD Million [+]
Deposit Interest Rate 3.80 3.7 3.72 3.74 3.75 3.8 percent [+]
Central Bank Balance Sheet 25338.00 25323 25429 25357 25364 25368 NZD Million [+]
Loans To Private Sector 91743.00 92904 93476 94015 94499 97819 NZD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -846.00 -474 -276 -222 -208 -202 NZD Million [+]
Exports 3897.00 4128 4017 3959 3998 3990 NZD Million [+]
Imports 4743.00 4557 4415 4446 4460 4455 NZD Million [+]
Current Account -945.00 -1146 927 -39.62 -1371 72.92 NZD Million [+]
Current Account to GDP -3.10 -4.02 -4.16 -4.3 -4.44 -5.16 percent [+]
External Debt 258477.00 261654 263008 264271 265580 280063 NZD Million [+]
Terms of Trade 1273.00 1284 1284 1286 1293 1297 Index Points [+]
Capital Flows 1478.00 1495 1674 1566 795 1468 NZD Million [+]
Foreign Direct Investment 529.00 412 418 346 445 483 NZD Million [+]
Tourist Arrivals 260246.00 277075 263491 250980 259036 259179 [+]
Crude Oil Production 33.00 33.87 33.87 33.87 33.87 33.87 BBL/D/1K [+]
Terrorism Index 0.23 0.03 0.03 0.04 0.04 0.44 [+]
Weapons Sales 7.00 0.31 -5.07 -10.46 -13.25 -17.42 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 24.60 23.83 23.71 23.65 23.59 22.32 percent [+]
Government Budget 0.70 0.3 -0.37 0.3 0.3 -3.63 percent of GDP [+]
Government Budget Value 1831.00 1685 2152 2385 2618 590 NZD Million [+]
Government Spending 10685.00 10760 10805 10847 10889 11410 NZD Million [+]
Government Revenues 98159.00 97625 99264 100084 100904 109477 NZD Million [+]
Fiscal Expenditure 95880.00 93241 94646 95348 96050 98746 NZD Milliom [+]
Asylum Applications 28.00 27.7 26.55 27.19 26.93 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 Q4/16 Q1/17 Q2/17 Q3/17 2020
Business Confidence 20.50 25.7 15.95 13.59 11.73 4.7 [+]
Manufacturing PMI 55.20 56.18 55.91 55.85 55.88 55.9 [+]
Industrial Production 4.50 7.04 6.5 4.06 1.95 4.72 percent [+]
Capacity Utilization 92.50 92.21 92.2 92.39 92.66 92.53 percent [+]
Changes in Inventories -390.00 69.29 161 230 219 179 NZD Million [+]
Car Registrations 5144.00 4946 5004 4928 5005 4932 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 [+]
Ease of Doing Business 1.00 1.29 1.29 1.29 1.29 1.75 [+]
Corruption Index 88.00 92.23 92.36 92.49 92.62 94.26 Points [+]
Corruption Rank 4.00 3.25 3.33 3.42 3.51 4.25 [+]
Steel Production 30.94 45.83 44.81 44.63 45.15 45.35 Thousand Tonnes [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 108.00 109 108 108 109 108 [+]
Retail Sales MoM 0.90 1.43 1.25 1.11 1.44 1.31 percent [+]
Retail Sales YoY 5.10 5.44 5.68 5.11 5.56 5.4 percent [+]
Consumer Spending 34129.00 34080 34275 34472 34669 37368 NZD Million [+]
Private Sector Credit 399437.00 405246 410782 416232 421578 482365 NZD Million [+]
Bank Lending Rate 9.27 9.28 9.31 9.34 9.35 9.36 percent [+]
Consumer Credit 242132.00 247421 252664 257850 262981 324788 NZD Million [+]
Households Debt To Income 162.90 166 167 168 169 177 percent [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Building Permits 2618.00 2604 2617 2627 2625 2623 [+]
Housing Index 4.00 0.56 1.63 1.06 1.27 1.22 percent [+]
Construction Output 21.10 22.52 22.1 17.99 15.89 17.87 percent [+]
Home Ownership Rate 64.80 64.5 64.43 64.36 64.28 62.85 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/3/2016