New Zealand GDP Growth RateNew Zealand GDP Growth RateNew Zealand GDP Growth Rate

New Zealand GDP Growth Rate

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Key data points


Last release
Observation period
Q2 2024
Next release
Forecast
Highest
14.10% on Sep 30, 2020
Lowest
−10.10% on Jun 30, 2020

About New Zealand GDP Growth Rate


Category
GDP
Source
Frequency
Quarterly
Units
%
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. Services are the biggest sector of the economy and account for 75 percent of total GDP including: 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 with manufacturing constituting 13 percent and construction 4 percent. Agriculture, fishing, forestry and mining accounts for the remaining 8 percent.