New Zealand GDP Growth Rate
The Gross Domestic Product (GDP) in New Zealand expanded 1 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in New Zealand averaged 0.61 Percent from 1987 until 2014, reaching an all time high of 2.90 Percent in the third quarter of 1999 and a record low of -2.60 Percent in the first quarter of 1991. GDP Growth Rate in New Zealand is reported by the Statistics New Zealand.
||1987 - 2014
New Zealand has an advanced market economy, highly dependent on international trade. The country is closely link with Australia, which is the biggest importer of “kiwi” products, supplier and investor. New Zealand’s most developed industries are focused on tourism and exports of agricultural products and are the main source of growth. Yet, in order to keep current expansion rates, New Zealand needs to address persistent current account deficits fueled by heavy household debts and low domestic investments. This page provides - New Zealand GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.