Breaking News

New Zealand Gross Domestic Product (GDP) YoY

Latest Release

Mar 15, 2023

Actual

2.2%

Forecast

3.3%

6.4%

Total business activity comprises primary industries + goods producing industries + service industries. Includes unallocated taxes on production and imports, bank service charge and balancing items. Conceptually, both the production and expenditure-based GDP series are the same. However, as each series uses independent data and estimation techniques, some differences between the alternative measures arise. The expenditure-based series has historically shown more quarterly volatility and is more likely to be subject to timing and valuation problems. For these reasons, the production-based measure is the preferred measure for quarter-on-quarter and annual changes.

Importance:

Country:

Currency: NZD

Source: Statistics New Zealand

Release Date	Time	Actual	Forecast	Previous
Mar 15, 2023 (Q4)	17:45	2.2%	3.3%	6.4%
Dec 14, 2022 (Q3)	17:45	6.4%	5.5%	0.3%
Sep 14, 2022 (Q2)	18:45	0.4%	0.2%	1.2%
Jun 15, 2022 (Q1)	18:45	1.2%	3.3%	3.1%
Mar 16, 2022 (Q4)	17:45	3.1%	3.3%	-0.3%
Dec 15, 2021 (Q3)	17:45	-0.3%	-1.6%	17.9%

News

New Zealand economy shrinks in Q4 as rate hikes, high inflation weigh By Investing.com - Mar 15, 2023

By Ambar Warrick Investing.com -- New Zealand’s economic growth missed expectations in the fourth quarter, data showed on Thursday, with gross domestic product instead shrinking amid pressure...

New Zealand Q2 GDP Beats Expectations, Avoids Recession By Investing.com - Sep 14, 2022 1

By Ambar Warrick Investing.com-- New Zealand’s economy grew more than expected in the second quarter, data showed on Thursday, as the country began rolling back restrictions introduced during the...

Asia FX Tepid, Dollar Steadies Ahead of U.S. CPI Inflation By Investing.com - Sep 13, 2022 1

By Ambar Warrick Investing.com-- Most Asian currencies moved little on Tuesday, while the U.S. dollar curbed a recent losing streak as markets turned cautious ahead of hotly anticipated U.S. inflation...

Analysis

Asia Session: Markets Like Their Rate Hikes Rare By Jeffrey Halley - Jun 16, 2022 2

Unless you were living on Mars, and even there they probably heard the news, the FOMC hiked the Fed Funds rate by 0.75% overnight to a target range of 1/50%-1.75%, as anticipated by the market. The...

U.S. Dollar Slides Despite Hawkish Fed, BoE Takes Central Bank Torch By JFD Team - Mar 17, 2022

Yesterday, the Fed hiked rates by 25bps, and signaled six more lift-offs until the end of this year. Though a much more hawkish stance than in December, the US dollar drifted lower, and equities...

Week Ahead: 9 Major Rate Decisions With Developed Markets Moving Slow By Ed Moya - Dec 10, 2021

A huge week of central bank rate decisions will tell a diverging story over how developed markets can afford to hold off on rate hiking cycles, while emerging markets continue to tighten monetary...

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