New Zealand | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.7 0.7 0.8 0.9 0.68 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 -18.29 -75.95 -153 -173 -179 -181 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 0.71 0.7 0.7 0.69 0.68 0.57 [+]
Stock Market 7069.16 7080 7010 6930 6790 5720 points [+]
Government Bond 10Y 3.17 3.32 3.36 3.39 3.42 3.95 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.7 0.7 0.8 0.9 0.68 percent [+]
GDP Annual Growth Rate 2.70 2.1 2.3 2.4 2.7 2.3 percent [+]
GDP 173.75 180 180 180 180 250 USD Billion [+]
GDP Constant Prices 58178.00 58419 58611 58693 58815 59119 NZD Million [+]
Gross National Product 61130.00 61593 62102 62504 62653 63279 NZD Million [+]
Gross Fixed Capital Formation 14370.00 14472 14554 14623 14692 15454 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 3145.00 3123 3103 3112 3126 3151 NZD Million [+]
GDP From Construction 3575.00 3564 3587 3573 3580 3578 NZD Million [+]
GDP From Manufacturing 5754.00 5734 5725 5719 5736 5731 NZD Million [+]
GDP From Mining 781.00 797 810 812 816 808 NZD Million [+]
GDP From Public Administration 2449.00 2467 2470 2483 2489 2563 NZD Million [+]
GDP From Services 38459.00 38726 38982 39225 39461 42100 NZD Million [+]
GDP From Transport 2450.00 2468 2478 2468 2485 2480 NZD Million [+]
GDP From Utilities 1615.00 1611 1618 1612 1617 1615 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 166.55 166 167 167 167 167 Index Points [+]
Job Vacancies 149.10 149 152 154 155 158 Index Points [+]
Job Advertisements 41216.40 41657 41983 42259 42428 42726 [+]
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 [+]
Employment Rate 66.90 67.07 67.4 67.57 67.73 68.08 percent [+]
Full Time Employment 1981.00 2006 2022 2040 2055 2137 Thousand [+]
Part Time Employment 528.00 532 532 530 532 531 Thousand [+]
Youth Unemployment Rate 13.60 13.19 12.35 12.53 12.96 12.76 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 1152.00 1155 1161 1166 1167 1172 Index Points [+]
Producer Prices 1059.00 1064 1069 1073 1076 1083 Index Points [+]
Export Prices 1040.00 1055 1067 1070 1060 1057 Index Points [+]
Import Prices 764.00 768 768 769 771 771 Index Points [+]
Cpi Transportation 1076.00 1017 1022 1013 1017 1014 Index Points [+]
Food Inflation 2.20 2.22 2.23 2.23 2.23 2.23 percent [+]
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 2.31 2.29 2.31 2.36 2.37 2.37 percent [+]
Money Supply M0 5978.00 5972 5919 5920 5922 5922 NZD Million [+]
Money Supply M1 48584.00 49945 50348 51115 51875 60527 NZD Million [+]
Money Supply M2 150882.00 152508 153070 153875 154562 160407 NZD Million [+]
Money Supply M3 324913.00 328118 332670 337148 341544 390484 NZD Million [+]
Foreign Exchange Reserves 25668.00 25090 25193 25204 25199 25199 NZD Million [+]
Banks Balance Sheet 509658.00 510582 511150 511195 511285 511306 NZD Million [+]
Deposit Interest Rate 3.80 4.16 4 3.85 3.7 3.8 percent [+]
Central Bank Balance Sheet 26106.00 25920 26099 26111 26103 26102 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 -18.29 -75.95 -153 -173 -179 -181 NZD Million [+]
Exports 4005.54 3961 3947 3974 3962 3965 NZD Million [+]
Imports 4023.82 4140 4320 4337 4310 4310 NZD Million [+]
Current Account -2335.00 1392 -949 -4698 -2301 -2187 NZD Million [+]
Current Account to GDP -2.70 -4.07 -4.08 -4.08 -4.08 -5.37 percent [+]
External Debt 261128.00 262679 263714 265000 266132 278661 NZD Million [+]
Terms of Trade 1362.00 1376 1371 1381 1374 1354 Index Points [+]
Capital Flows -2568.00 635 1660 3013 427 1749 NZD Million [+]
Foreign Direct Investment 680.00 436 562 430 463 467 NZD Million [+]
Tourist Arrivals 380034.00 321802 208558 283691 316651 282371 [+]
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 10994.00 11026 11089 11147 11197 11815 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 41.00 37.6 35.25 36.51 36.06 36.2 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 16.60 16.65 14.27 12.25 10.65 4.67 [+]
Manufacturing PMI 55.20 54.67 54.21 54.35 54.42 54.45 [+]
Industrial Production 2.30 1.79 2 2.81 3.52 2.75 percent [+]
Capacity Utilization 92.70 92.2 92.39 92.66 92.85 92.53 percent [+]
Changes in Inventories 906.00 373 250 258 114 166 NZD Million [+]
Car Registrations 4732.00 4636 4580 4671 4573 4575 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 90.00 90 89 89 88 89 Points [+]
Corruption Rank 1.00 2.87 3 3.12 3.25 4.26 [+]
Services Pmi 58.80 59.22 59.56 59.74 59.86 60.08 [+]
Steel Production 50.03 50.45 53.34 52.24 52.28 52.24 Thousand Tonnes [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 111.90 115 111 112 112 112 [+]
Retail Sales MoM 0.60 0.83 0.65 0.78 0.78 0.81 percent [+]
Retail Sales YoY 4.20 4.64 4.05 4.36 4.79 4.65 percent [+]
Consumer Spending 35298.00 35755 36000 36208 36476 37822 NZD Million [+]
Private Sector Credit 410620.00 415176 421852 428416 434882 505266 NZD Million [+]
Bank Lending Rate 9.25 9.26 9.3 9.33 9.34 9.34 percent [+]
Consumer Credit 248163.00 251130 255501 259821 264081 310787 NZD Million [+]
Households Debt To Income 167.90 169 170 171 172 181 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Building Permits 2234.00 2293 2276 2277 2278 2278 [+]
Housing Index 0.30 1.56 0.65 0.92 0.83 0.85 percent [+]
Construction Output 20.90 18.76 15.6 14.7 14.69 17.11 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. 3/27/2017