Credit Card Spending in New Zealand decreased to 6502 NZD Million in April from 6824 NZD Million in March of 2023. source: Statistics New Zealand

Credit Card Spending in New Zealand averaged 4228.34 NZD Million from 2002 until 2023, reaching an all time high of 8146.00 NZD Million in December of 2022 and a record low of 56.91 NZD Million in August of 2002. This page provides - New Zealand Credit Card Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Credit Card Spending - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Credit Card Spending in New Zealand is expected to be 6200.00 NZD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Credit Card Spending is projected to trend around 8200.00 NZD Million in 2024 and 8400.00 NZD Million in 2025, according to our econometric models.

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New Zealand Credit Card Spending



Calendar GMT Actual Previous Consensus TEForecast
2023-05-08 10:45 PM Electronic Retail Card Spending YoY Apr 6.4% 15.5% 14.0%
2023-05-08 10:45 PM Electronic Retail Card Spending MoM Apr 0.7% 0.7% 0.5%


Related Last Previous Unit Reference
Retail Sales MoM -1.40 -0.60 percent Mar 2023
Retail Sales YoY -4.10 -4.00 percent Mar 2023
Consumer Spending 43696.00 43715.00 NZD Million Dec 2022
Credit Card Spending 6502.00 6824.00 NZD Million Apr 2023

New Zealand Credit Card Spending
In New Zealand, Electronic Retail Card Spending measures the credit card spending by individuals on consumables, durables, hospitality, apparel industry, motor vehicles and fuel. The electronic card transactions series covers all debit, credit, and charge card transactions with New Zealand-based merchants. It can be used to indicate changes in consumer spending and economic activity.
Actual Previous Highest Lowest Dates Unit Frequency
6502.00 6824.00 8146.00 56.91 2002 - 2023 NZD Million Monthly
Current prices, NSA

News Stream
Credit Card Spending Growth in New Zealand Steady in April
Electronic card transactions in New Zealand went up 0.7% month-on-month to NZD 6,502 million in April 2023 on a seasonally adjusted basis, after rising by 0.7% in the previous month. The increase largely came from on consumables increased by $60 million or 2.3 percent; durables, up $17 million or 1 percent. In contrast, spending declined for apparel, down $5.7 million (or -1.6 percent); motor vehicles (excluding fuel), down $9.9 million (or -4.5 percent); and fuel, down $15 million (or -2.5 percent). On an annual basis, electronic card transactions rose by 6.4% in April easing from a 15.5% jump in the previous month.
2023-05-08
Credit Card Spending in New Zealand Rebounds in March
Electronic card transactions in New Zealand rose 0.7% month-on-month to NZD 6,824 million in March 2023 on a seasonally adjusted basis, after edging down by 0.1% in the previous month. The increase largely came from spending on motor vehicles excluding fuel, up $11 million (5.5 percent); fuel, up $7.3 million (1.3 percent); apparel, up $5.1 million (1.5 percent); durables, up $3.4 million (0.2 percent). In contrast, spending declined for consumables, down $32 million (1.2 percent). On an annual basis, electronic card transactions jumped by 15.5% in March.
2023-04-11
New Zealand Credit Card Spending Hits Fresh Record
Electronic card transactions in New Zealand rose by 4.1 percent year-on-year to a record NZD 8,146 in December of 2022, following a 7.1 percent increase in the previous month. On a seasonally monthly basis, electronic card spending went down 2.5 percent in December.
2023-01-17