New Zealand GDP Annual Growth Rate  1988-2017 | Data | Chart | Calendar

The Gross Domestic Product in New Zealand advanced 3.50 percent year-on-year in the third quarter of 2016, following a downwardly revised 3.4 percent expansion in the previous period. It is the highest growth rate since the last quarter of 2014 but lower than market expectations of 3.7 percent. GDP Annual Growth Rate in New Zealand averaged 2.51 percent from 1988 until 2016, reaching an all time high of 7.30 percent in the third quarter of 1993 and a record low of -2.50 percent in the first quarter of 2009.

New Zealand GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-15 10:45 PM Q1 2.8% 2.3% 2.6% 2.4%
2016-09-14 10:45 PM Q2 3.6% 3% 3.7% 2.6%
2016-12-21 09:45 PM Q3 3.5% 3.4% 3.7% 3.4%
2017-03-15 09:45 PM Q4 3.5% 3.50%
2017-06-15 10:45 PM Q1 3.27%
2017-09-14 10:45 PM Q2 3.05%




New Zealand GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.10 0.70 2.80 -2.40 percent [+]
GDP Annual Growth Rate 3.50 3.40 7.30 -2.50 percent [+]
GDP 173.75 200.14 200.14 5.18 USD Billion [+]
GDP Constant Prices 58298.00 57500.00 58298.00 26766.00 NZD Million [+]
Gross National Product 60080.00 59072.00 60080.00 25099.00 NZD Million [+]
Gross Fixed Capital Formation 14305.00 14111.00 14305.00 4071.00 NZD Million [+]
GDP per capita 36801.40 36272.47 36801.40 21659.83 USD [+]
GDP per capita PPP 35158.64 34653.33 35158.64 22888.25 USD [+]
GDP From Agriculture 3262.00 3264.00 3264.00 1804.00 NZD Million [+]
GDP From Construction 3516.00 3445.00 3516.00 1107.00 NZD Million [+]
GDP From Manufacturing 5849.00 5777.00 6266.00 3968.00 NZD Million [+]
GDP From Mining 797.00 792.00 1187.00 437.00 NZD Million [+]
GDP From Public Administration 2455.00 2414.00 2455.00 1311.00 NZD Million [+]
GDP From Services 38193.00 37788.00 38193.00 16867.00 NZD Million [+]
GDP From Transport 2469.00 2380.00 2469.00 941.00 NZD Million [+]
GDP From Utilities 1618.00 1622.00 1629.00 1040.00 NZD Million [+]



New Zealand GDP Annual Growth Rate Notes

In New Zealand, services are the biggest sector of the economy and account for 75 percent of total GDP. Within services the most important segments are: finance, insurance and business services (30 percent); personal and community services (13 percent), and transport and communication (11 percent). Industry accounts for 17 percent of GDP. Within industry, manufacturing represents 13 percent of GDP while construction 4 percent. The remaining 8 percent is contributed by agriculture, fishing, forestry and mining. This page provides - New Zealand GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.50 3.40 7.30 -2.50 1988 - 2016 percent Quarterly



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