New Zealand GDP Annual Growth Rate

Last Release

Dec 31, 2022

Actual

2.2

Units In

6.4

Frequency

Quarterly

Next Release

Mar 18, 2026

Time to Release

2 Months 29 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
17.9 Jun 2021	-10.2 Jun 2020	2.61 %	1988-2022	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 by 1.3% year-on-year in the three months to September 2025, marking its first annual growth in five quarters. This followed a 1.1% contraction in the previous period and was in line with expectations. The rebound was driven by a recovery in primary industries, led by strong growth in agriculture, forestry, and fishing (2.5%, up from 1.1%). The services sector also strengthened markedly, rising 1.6% compared with 0.3% in the second quarter, supported by solid gains in retail trade (3.5%), wholesale trade (3.3%), professional, scientific, technical and administrative services (3.1%), and public administration and safety (2.5%). Meanwhile, the goods-producing sector continued to contract but at a much slower pace (-0.9% versus -5.9%), with utilities posting robust growth of 4.4%. On a quarterly basis, the economy expanded by 1.1%.