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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 %1988-2021Statistics 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

New Zealand GDP Indicators

All New Zealand indicators
Indicator
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 BillionYearly1960-2020
GDP Annual Growth Rate
3.1
Dec 2021
-0.3
Sep 2021
-10.2
Jun 2020
17.9
Jun 2021
%Quarterly1988-2021
GDP From Agriculture
3,322
Dec 2021
3,433
Sep 2021
1,762
Jun 1989
3,477
Jun 2021
NZD MillionQuarterly1987-2021
GDP From Construction
4,583
Dec 2021
4,213
Sep 2021
1,108
Sep 1992
4,583
Dec 2021
NZD MillionQuarterly1987-2021
GDP From Manufacturing
6,191
Dec 2021
5,801
Sep 2021
3,920
Jun 1991
6,397
Jun 2021
NZD MillionQuarterly1987-2021
GDP From Mining
582
Dec 2021
663
Sep 2021
437
Dec 1988
1,187
Dec 2007
NZD MillionQuarterly1987-2021
GDP From Public Administration
3,166
Dec 2021
3,148
Sep 2021
1,312
Jun 1998
3,166
Dec 2021
NZD MillionQuarterly1987-2021
GDP From Services
45,672
Dec 2021
44,484
Sep 2021
16,826
Jun 1987
45,672
Dec 2021
NZD MillionQuarterly1987-2021
GDP From Transport
2,544
Dec 2021
2,607
Sep 2021
941
Jun 1987
2,801
Sep 2018
NZD MillionQuarterly1987-2021
GDP From Utilities
1,805
Dec 2021
1,776
Sep 2021
1,040
Sep 1992
1,805
Dec 2021
NZD MillionQuarterly1987-2021
GDP Growth Rate
3
Dec 2021
-3.7
Sep 2021
-9.9
Jun 2020
13.9
Sep 2020
%Quarterly1987-2021
GDP per capita
39,870.2
Dec 2020
40,315.47
Dec 2019
22,492.92
Dec 1977
40,315.47
Dec 2019
USDYearly1977-2020
GDP per capita PPP
42,404.39
Dec 2020
42,877.94
Dec 2019
26,466.67
Dec 1991
42,877.94
Dec 2019
USDYearly1990-2020
Gdp Constant Prices
68,483
Dec 2021
66,502
Sep 2021
26,743
Mar 1988
69,724
Jun 2021
NZD MillionQuarterly1987-2021
Gross Fixed Capital Formation
17,633
Dec 2021
15,907
Sep 2021
4,056
Jun 1991
17,633
Dec 2021
NZD MillionQuarterly1987-2021
Gross National Product
74,753
Dec 2021
71,848
Sep 2021
25,073
Dec 1991
74,952
Mar 2021
NZD MillionQuarterly1987-2021

GDP Annual Growth Rate across Pacific

GDP Annual Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Australia
4.2
Dec 2021
3.9
Sep 2021
-6
Jun 2020
9.5
Jun 2021
% Quarterly1960-2021
Fiji
-19
Dec 2020
-0.4
Dec 2019
-19
Dec 2020
12.7
Dec 1973
% Yearly1971-2020
New Caledonia
-1.2
Dec 2019
-0.1
Dec 2018
-1.2
Dec 2019
6.9
Dec 2010
% Yearly1998-2019
New Zealand
3.1
Dec 2021
-0.3
Sep 2021
-10.2
Jun 2020
17.9
Jun 2021
% Quarterly1988-2021
Papua New Guinea
-3.8
Dec 2020
5.9
Dec 2019
-6.34
Dec 1997
13.5
Dec 2014
% Yearly1995-2020

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