New Zealand Real GDP Growth
Key information about New Zealand Real GDP Growth
- The Gross Domestic Product (GDP) in New Zealand expanded 1.8 % YoY in Mar 2023, following a growth of 2.4 % in the previous quarter.
- Real GDP Growth YoY data in New Zealand is updated quarterly, available from Jun 1983 to Mar 2023, with an average rate of 3.1 %.
- The data reached an all-time high of 18.8 % in Jun 2021 and a record low of -9.6 % in Jun 2020.
Related information about New Zealand Real GDP Growth
- In the latest reports, Nominal GDP of New Zealand reached 62.0 USD bn in Mar 2023.
- Its GDP deflator (implicit price deflator) increased 5.6 % in Mar 2023.
- GDP Per Capita in New Zealand reached 46,936.8 USD in Mar 2023.
- Its Gross Savings Rate was measured at 22.8 % in Mar 2023.
- For Nominal GDP contributions, Investment accounted for 25.4 % in Mar 2023.
- Public Consumption accounted for 20.6 % in Mar 2023.
- Private Consumption accounted for 56.6 % in Mar 2023.
View New Zealand's Real GDP Growth from Jun 1983 to Mar 2023 in the chart:
What was New Zealand's Real GDP Growth in Mar 2023?
The Gross Domestic Product (GDP) in New Zealand expanded 1.8 % YoY in Mar 2023, following a growth of 2.4 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
1.8 Mar 2023 | 2.4 Dec 2022 | -9.6 Jun 2020 | 18.8 Jun 2021 | % | quarterly | Jun 1983 - Mar 2023 |
Real GDP Growth by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.8 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
Azerbaijan (%) | 4.6 Jun 2024 | quarterly | Mar 2001 - Jun 2024 |
Bahrain (%) | 1.3 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
Ghana (%) | 1.6 Jun 2024 | quarterly | Jun 2006 - Jun 2024 |
Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Kosovo (%) | 4.3 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Kuwait (%) | -1.6 Jun 2024 | quarterly | Jun 2010 - Jun 2024 |
Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Montenegro (%) | 2.7 Jun 2024 | quarterly | Mar 2011 - Jun 2024 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
Nepal (%) | 0.8 Mar 2024 | quarterly | Dec 2004 - Mar 2024 |
Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
Palestinian Territory (%) | 4.8 Jun 2024 | quarterly | Jun 2000 - Jun 2024 |
Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
Qatar (%) | -0.0 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
Slovenia (%) | 0.8 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Learn more about what we doNew Zealand Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -1.1 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
Consolidated Fiscal Balance (USD mn) | -2,917.988 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
Tax Revenue (USD mn) | 80,859.209 2024 | yearly | 1999 - 2024 |
Tax Revenue: % of GDP (%) | 30.8 2023 | yearly | 1999 - 2023 |
National Government Debt (USD mn) | 101,964.3 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
Government Debt: % of GDP (%) | 41.5 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
Forecast: Government Expenditure (NZD bn) | 202.357 2029 | yearly | 1985 - 2029 |
Forecast: Government Net Debt (NZD bn) | 240.233 2028 | yearly | 1985 - 2028 |
Forecast: Government Revenue (NZD bn) | 198.840 2028 | yearly | 1985 - 2028 |
General Government: ytd: Revenue (NZD mn) | 122,253.000 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
General Government: ytd: Expenses (NZD mn) | 127,018.000 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
General Government: ytd: Borrowings (NZD mn) | 250,825.000 Mar 2024 | quarterly | Jun 2002 - Mar 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 3.748 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -1,341.2 Aug 2024 | monthly | Jan 1960 - Aug 2024 |
Total Exports (USD mn) | 3,024.3 Aug 2024 | monthly | Jan 1957 - Aug 2024 |
Total Exports Growth (%) | -0.1 Aug 2024 | monthly | Jan 1952 - Aug 2024 |
Aluminum: Exports (USD th) | 796,821.124 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 148,665.511 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 256,958.049 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 4,365.6 Aug 2024 | monthly | Jan 1960 - Aug 2024 |
Total Imports Growth (%) | -1.0 Aug 2024 | monthly | Jan 1961 - Aug 2024 |
Imports: Medicament (USD th) | 974,970.031 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 727,040.199 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 438.867 Aug 2024 | monthly | Jul 1981 - Aug 2024 |
Total Imports from USA (USD mn) | 478.016 Aug 2024 | monthly | Jan 1981 - Aug 2024 |
Total Exports to China (USD mn) | 788.520 Aug 2024 | monthly | Jul 1981 - Aug 2024 |
Total Imports from China (USD mn) | 846.686 Aug 2024 | monthly | Jul 1982 - Aug 2024 |
Term Trade Index (Jun2002=1000) | 1,393.000 Jun 2024 | quarterly | Mar 1957 - Jun 2024 |
Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,584.000 Jun 2024 | quarterly | Mar 1951 - Jun 2024 |
Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,441.000 Jun 2024 | quarterly | Jun 1990 - Jun 2024 |
Import Volume Index: sa (Jun2002=1000) | 2,572.000 Jun 2024 | quarterly | Jun 1990 - Jun 2024 |
Import Volume Index (Jun2002=1000) | 2,414.000 Jun 2024 | quarterly | Mar 1949 - Jun 2024 |
Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
Household Debt: % of GDP (%) | 91.0 Jun 2024 | quarterly | Dec 1990 - Jun 2024 |
Money Supply M1 (USD mn) | 72,117.571 Aug 2024 | monthly | Dec 2016 - Aug 2024 |
Money Supply M2 (USD mn) | 259,059.230 Aug 2024 | monthly | Mar 1988 - Aug 2024 |
M2 Growth (%) | 2.9 Aug 2024 | monthly | Mar 1989 - Aug 2024 |
Foreign Exchange Reserves (USD mn) | 16,983.9 Aug 2024 | monthly | Sep 2005 - Aug 2024 |
Foreign Exchange Reserves: % of GDP (%) | 5.764 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 3.8 Aug 2024 | monthly | Sep 2005 - Aug 2024 |
Gold Reserves (USD mn) | 0.000 Aug 2024 | monthly | Dec 1950 - Aug 2024 |
Total Deposits (USD mn) | 284,477.278 Aug 2024 | monthly | Dec 2016 - Aug 2024 |
Total Deposits Growth (%) | 3.5 Aug 2024 | monthly | Dec 2017 - Aug 2024 |
Domestic Credit (USD mn) | 372,709.2 Aug 2024 | monthly | Mar 1988 - Aug 2024 |
Domestic Credit Growth (%) | 1.0 Aug 2024 | monthly | Mar 1989 - Aug 2024 |
Credit to Households (USD bn) | 234.071 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
Credit to Private Non-Financial Sector (USD bn) | 412.164 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Household Debt (USD mn) | 235,826.5 Aug 2024 | monthly | Dec 1990 - Aug 2024 |
Total Loans (USD mn) | 353,722.905 Aug 2024 | monthly | Dec 2016 - Aug 2024 |
Total Loans Growth (%) | 2.78 Aug 2024 | monthly | Dec 2017 - Aug 2024 |
Private Debt: % of Nominal GDP (%) | 137.41 Jun 2024 | quarterly | Mar 1988 - Jun 2024 |
Depository Corp: Money Supply: Broad Money (NZD mn) | 415,026.000 Aug 2024 | monthly | Mar 1988 - Aug 2024 |
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 115,536.000 Aug 2024 | monthly | Dec 2016 - Aug 2024 |
Depository Corp: Domestic Credit (NZD mn) | 597,099.000 Aug 2024 | monthly | Mar 1988 - Aug 2024 |
Official Reserve Assets (NZD mn) | 32,573.438 Aug 2024 | monthly | Sep 2005 - Aug 2024 |
Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 21,100.345 Aug 2024 | monthly | Sep 2005 - Aug 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -7.4 May 2023 | monthly | Aug 2003 - May 2023 |
House Price Inflation: Net Percent Expecting (%) | 64.900 Jun 2024 | quarterly | Jun 2011 - Jun 2024 |
House Price Inflation: Net Percent Expecting Higher (%) | -47.300 Jun 2024 | quarterly | Mar 2022 - Jun 2024 |
Performance Manufacturing Index (NA) | 47.800 Sep 2024 | monthly | Aug 2002 - Sep 2024 |
Business Outlook Survey: Retail: Business Confidence Index (Point) | 75.400 Sep 2024 | monthly | Feb 1991 - Sep 2024 |
Business Outlook Survey: All Industries: Business Confidence Index (Point) | 60.900 Sep 2024 | monthly | Feb 1991 - Sep 2024 |
Business Outlook Survey: Construction: Business Confidence Index (Point) | 61.000 Sep 2024 | monthly | Feb 1991 - Sep 2024 |
Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 73.900 Sep 2024 | monthly | Feb 1991 - Sep 2024 |
Business Outlook Survey: Service: Business Confidence Index (Point) | 53.600 Sep 2024 | monthly | Feb 1991 - Sep 2024 |
More Indicators for New Zealand
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