On annual basis, activity rose 2.3 percent following a 2.1 percent expansion. 1988-2020 Data | 2021-2022 Forecast | Calendar. The services sector plunged 10.9 percent, after expanding 0.7 percent in Q1, of which transport, postal and warehousing (-42.1%), retail trade & accommodation (-25.2%); wholesale trade (-13%); and arts, recreation and other services (-25.9%). It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Publish your articles and forecasts in our website. Industry accounts for 17 percent of GDP with manufacturing constituting 13 percent and construction 4 percent. On a quarterly basis, activity rose 0.7 percent following a 0.1 percent expansion, above consensus of 0.6 percent. New Zealand’s GDP expanded 0.7 percent on quarter in the three months to September 2019, up from a 0.1 percent advance in the previous period to beat market expectations of a 0.6 percent rise. New Zealand’s most developed industries are focused on tourism and exports of agricultural products and are the main source of growth. On a quarterly basis, activity rose 0.5 percent following a 0.7 percent expansion. Also, primary activities shrank 7.1 percent, after growing 0.8 percent. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Within services, transport, postal & warehousing fell 4.6 percent. Direct access to our calendar releases and historical data. New Zealand economy grew 0.5 percent, reaching $300 billion for the first time in the June 2019 quarter. Please check your download folder. New Zealand’s GDP shrank 1.6 percent on quarter in the three months to March 2020 following a 0.5 percent increase in the previous period and compared to market expectations of a 1 percent contraction, as travel restrictions and a national lockdown contributed heavily to the largest decline in 29 years. Annual percentage growth rate of GDP at market prices based on constant local currency. Growth was mainly nudged by retail trade (5.1 percent vs 3.0 percent in Q2), information media & telecommunications (4 percent vs 0.7 percent), construction (5 percent vs 4.1 percent) and public administration and safety (4.3 percent vs 5.6 percent). In New Zealand, services are the biggest sector of the economy and account for 75 percent of total GDP. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Download historical data for 20 million indicators using your browser. 1987-2020 Data | 2021-2022 Forecast | Calendar. New Zealand gdp growth rate for 2018 was 3.76%, a 0.6% increase from 2017. Other significant positive contributions came from information & communication (2.7 percent vs 0.6 percent); professional, scientific, technical, admin, and support (0.7% after showing no growth); manufacturing (0.6 percent vs -1.0 percent); construction (0.6 percent vs -0.9 percent) and agriculture (1.5 percent vs 0.1 percent). The services sector tumbled 10.9%, faster than a 1% fall in Q1, in particular retail trade & accommodation (-25.2% vs -1.8% in Q1), wholesale trade (-13.1% vs -0.2%) and transport, postal & warehousing (-38.7% vs -5.2%). Publish your articles and forecasts in our website. The remaining 8 percent is contributed by agriculture, fishing, forestry and mining. Meanwhile, construction dropped 4.1 percent and the transport, postal, and warehousing industry shrank 5.2 percent. New Zealand has an advanced market economy, highly dependent on international trade. Considering 2019 as a whole, the economy grew 3.1 percent, less than a 3.2 percent expansion in 2018. Find statistics on the gross domestic product (GDP), NZ's official measure of economic growth. New Zealand’s GDP expanded 2.3 percent on an annual basis in the three months to September 2019, up from a 2.1 percent expansion in the previous period but below market expectations of a 2.4 percent rise. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. It was the first contraction since the third quarter of 2009, mainly explained by a 3 percent decline in manufacturing and a 5 percent contraction in construction. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. Industry accounts for 17 percent of GDP. Agriculture, fishing, forestry and mining accounts for the remaining 8 percent. New Zealand Services Sector Returns to Growth, New Zealand Manufacturing PMI Rises Further in September, New Zealand Credit Card Spending Rebounds, New Zealand Food Inflation Drops to 3.1% YoY, New Zealand Tourist Arrivals Decline 97% in August, New Zealand Exports Rise 8.6% YoY in August, Canada Wholesale Sales Rise for 4th Straight Month, WTI Crude Falls Ahead of OPEC+ Panel Meeting, Portugal Current Account Surplus Narrows Amid Falling Tourism Revenues, Socialist Candidate Luis Arce Expected to Become Next President of Bolivia, US Stocks Set to Open Higher on Stimulus Hopes, Cyprus More Divided after Presidential Election. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. New Zealand Services Sector Returns to Growth, New Zealand Manufacturing PMI Rises Further in September, New Zealand Credit Card Spending Rebounds, New Zealand Food Inflation Drops to 3.1% YoY, New Zealand Tourist Arrivals Decline 97% in August, New Zealand Exports Rise 8.6% YoY in August, Canada Wholesale Sales Rise for 4th Straight Month, WTI Crude Falls Ahead of OPEC+ Panel Meeting, Portugal Current Account Surplus Narrows Amid Falling Tourism Revenues, Socialist Candidate Luis Arce Expected to Become Next President of Bolivia, US Stocks Set to Open Higher on Stimulus Hopes, Cyprus More Divided after Presidential Election. On a quarterly basis, GDP shrank 1.6 percent on quarter in the three months to March 2020 following a 0.5 percent increase in the previous period and compared to market expectations of a 1 percent contraction. The country is closely link with Australia, which is the biggest importer of “kiwi” products, supplier and investor. On a quarterly basis, the economy expanded 0.5 percent, faster than a 0.7 percent increase in the prior period. In contrast, utilities (1.5 percent vs 0.8 percent) and public administration & safety (5.4 percent vs 4.3 percent) gained steam. Also, agriculture, forestry & fishing shrank 0.2 percent, after expanding 2.4 percent in Q3. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. New Zealand’s economy advanced 1.8 percent year-on-year in fourth quarter of 2019, easing from a 2.3 percent expansion in the previous period and matching market expectations. It was the second successive contraction and the steepest on record, as the COVID-19 outbreak hit the economy. Download historical data for 20 million indicators using your browser. 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). New Zealand’s economy contracted 0.2 year-on-year in the first quarter of 2020 after growing 1.8 percent in the previous period and compared to market expectations of a 0.3 percent increase, as COVID restrictions took a toll. Also, activity rebounded for utilities (0.8 percent vs -0.3 percent) and manufacturing (0.9 percent vs -0.4 percent). 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). Additionally, the goods-producing industries tumbled 18.4 percent, faster than a 3.3 percent drop in the prior quarter, namely construction (-28.6%) and manufacturing (-14.9%). The Trading Economics Application Programming Interface (API) provides direct access to our data. In contrast, output in utilities (1.5 percent vs 0.8 percent) and public administration & safety (5.4 percent vs 4.3 percent) accelerated. Direct access to our calendar releases and historical data. Considering full 2019, the economy grew 3.1 percent, slowing from a 3.2 percent expansion in 2018. It was the weakest growth rate since the last quarter of 2013, amid a slowdown in retail trade (3.4 percent vs 3.6 percent in Q3), information media & telecommunications (3.4 percent vs 4 percent), manufacturing (0.3 percent vs 0.9 percent), and agriculture, forestry & fishing (-0.2 percent vs 2.4 percent). Also, the goods-producing industries contracted 16.3%, after dropping 2.8% in the prior quarter, of which construction (-25.8% vs -4.1%) and manufacturing (-13% vs -2.2%). Please check your download folder. It was the weakest growth rate since the last quarter of 2013, amid a slowdown in retail trade (3.4 percent vs 3.6 percent in Q3), information media & telecommunications (3.4 percent vs 4 percent), manufacturing (0.3 percent vs 0.9 percent).
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