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New Zealand GDP Annual Growth Rate
Last Release
Dec 31, 2021
Actual
3.1
Forecast
N/A
Previous
-0.3
Frequency
Quarterly
Units In
%
Next Release
Jun 15, 2022
Time to Release
23 Days 5 Hours
Highest | Lowest | Average | Date Range | Source |
17.9 Jun 2021 | -10.2 Jun 2020 | 2.61 % | 1988-2021 | Statistics New Zealand |
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.
Latest Updates
New Zealand’s economy expanded 3% from a year earlier in the fourth quarter of 2021, from a downwardly revised 0.2% contraction in the prior period and below market expectations of a 3.3% increase. The economy expanded amid looser Covid-19 restrictions throughout the country, in sharp contrast with the previous quarter. On a quarterly basis, the economy grew 3 percent in the three months leading to December, after contracting 3.6 percent in the prior quarter. Considering the full 2021, the Kiwi economy contracted 1.4 percent, compared to the 2.2 percent increase in 2020, despite the pandemic.
New Zealand GDP Annual Growth Rate History
Last 12 readings
A Look at the Markets
New Zealand GDP Indicators
All New Zealand indicatorsIndicator | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
| GDP | 210.89 Dec 2020 | 212.89 Dec 2019 | 7.91 Dec 1971 | 212.89 Dec 2019 | USD Billion | Yearly | 1960-2020 |
| GDP Annual Growth Rate | 3.1 Dec 2021 | -0.3 Sep 2021 | -10.2 Jun 2020 | 17.9 Jun 2021 | % | Quarterly | 1988-2021 |
| GDP From Agriculture | 3,322 Dec 2021 | 3,433 Sep 2021 | 1,762 Jun 1989 | 3,477 Jun 2021 | NZD Million | Quarterly | 1987-2021 |
| GDP From Construction | 4,583 Dec 2021 | 4,213 Sep 2021 | 1,108 Sep 1992 | 4,583 Dec 2021 | NZD Million | Quarterly | 1987-2021 |
| GDP From Manufacturing | 6,191 Dec 2021 | 5,801 Sep 2021 | 3,920 Jun 1991 | 6,397 Jun 2021 | NZD Million | Quarterly | 1987-2021 |
| GDP From Mining | 582 Dec 2021 | 663 Sep 2021 | 437 Dec 1988 | 1,187 Dec 2007 | NZD Million | Quarterly | 1987-2021 |
| GDP From Public Administration | 3,166 Dec 2021 | 3,148 Sep 2021 | 1,312 Jun 1998 | 3,166 Dec 2021 | NZD Million | Quarterly | 1987-2021 |
| GDP From Services | 45,672 Dec 2021 | 44,484 Sep 2021 | 16,826 Jun 1987 | 45,672 Dec 2021 | NZD Million | Quarterly | 1987-2021 |
| GDP From Transport | 2,544 Dec 2021 | 2,607 Sep 2021 | 941 Jun 1987 | 2,801 Sep 2018 | NZD Million | Quarterly | 1987-2021 |
| GDP From Utilities | 1,805 Dec 2021 | 1,776 Sep 2021 | 1,040 Sep 1992 | 1,805 Dec 2021 | NZD Million | Quarterly | 1987-2021 |
| GDP Growth Rate | 3 Dec 2021 | -3.7 Sep 2021 | -9.9 Jun 2020 | 13.9 Sep 2020 | % | Quarterly | 1987-2021 |
| GDP per capita | 39,870.2 Dec 2020 | 40,315.47 Dec 2019 | 22,492.92 Dec 1977 | 40,315.47 Dec 2019 | USD | Yearly | 1977-2020 |
| GDP per capita PPP | 42,404.39 Dec 2020 | 42,877.94 Dec 2019 | 26,466.67 Dec 1991 | 42,877.94 Dec 2019 | USD | Yearly | 1990-2020 |
| Gdp Constant Prices | 68,483 Dec 2021 | 66,502 Sep 2021 | 26,743 Mar 1988 | 69,724 Jun 2021 | NZD Million | Quarterly | 1987-2021 |
| Gross Fixed Capital Formation | 17,633 Dec 2021 | 15,907 Sep 2021 | 4,056 Jun 1991 | 17,633 Dec 2021 | NZD Million | Quarterly | 1987-2021 |
| Gross National Product | 74,753 Dec 2021 | 71,848 Sep 2021 | 25,073 Dec 1991 | 74,952 Mar 2021 | NZD Million | Quarterly | 1987-2021 |
GDP Annual Growth Rate across Pacific
GDP Annual Growth Rate global viewCountry | Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|---|
4.2 Dec 2021 | 3.9 Sep 2021 | -6 Jun 2020 | 9.5 Jun 2021 | % | Quarterly | 1960-2021 | |
-19 Dec 2020 | -0.4 Dec 2019 | -19 Dec 2020 | 12.7 Dec 1973 | % | Yearly | 1971-2020 | |
-1.2 Dec 2019 | -0.1 Dec 2018 | -1.2 Dec 2019 | 6.9 Dec 2010 | % | Yearly | 1998-2019 | |
3.1 Dec 2021 | -0.3 Sep 2021 | -10.2 Jun 2020 | 17.9 Jun 2021 | % | Quarterly | 1988-2021 | |
-3.8 Dec 2020 | 5.9 Dec 2019 | -6.34 Dec 1997 | 13.5 Dec 2014 | % | Yearly | 1995-2020 |