Markets Actual Q2 Q3 Q4 Q1 2020
Currency 0.66 0.65 0.64 0.64 0.63 0.63
Stock Market (points) 10418.29 10040 9963 9886 9810 9660
Government Bond 10Y (%) 1.55 1.77 1.81 1.84 1.87 1.94
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 0.7 0.8 0.8 0.7 1
GDP Annual Growth Rate (%) 2.50 3.1 2.5 2.6 2.8 2.6
Unemployment Rate (%) 4.20 4.2 4.4 4.4 4.3 4.3
Inflation Rate (%) 1.50 1.7 1.9 1.8 1.9 2.1
Inflation Rate Mom (%) 0.10 0.5 0.7 0.9 0.6 0.3
Interest Rate (%) 1.50 1.5 1.5 1.25 1.25 1.25
Balance of Trade (NZD Million) 264.00 -500 -1575 -400 300 -300
Current Account (NZD Million) 680.00 -1300 -4300 -2915 400 -2882
Current Account to GDP (%) -3.60 -2.5 -2.5 -2.5 -2.4 -2.4
Government Debt to GDP (%) 19.90 20 20 20 21 21
Government Budget (% of GDP) 1.90 1.6 1.6 1.6 1 1
Business Confidence (%) -32.00 -38 -32 -30 -25 10
Manufacturing PMI 50.20 51 53 53 53.5 54
Consumer Confidence (Index Points) 103.50 101 102 104 105 107
Retail Sales MoM (%) 0.70 1.1 1.1 1.2 1 1.3
Building Permits 2777.00 2150 2300 2250 2300 2400
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Growth Rate (%) 0.60 0.7 0.8 0.8 0.7 1
GDP Annual Growth Rate (%) 2.50 3.1 2.5 2.6 2.8 2.6
GDP (USD Billion) 205.85 225 225 225 250 250
GDP Constant Prices (NZD Million) 62800.00 63577 63473 63878 64002 65539
Gross National Product (NZD Million) 65340.00 66991 66800 66932 67063 68672
Gross Fixed Capital Formation (NZD Million) 15758.00 15839 15574 15815 15846 16226
GDP per capita (USD) 37852.87 38500 38500 38500 38900 38900
GDP per capita PPP (USD) 36085.84 37100 37100 37100 37700 37700
GDP From Agriculture (NZD Million) 3331.00 3459 3467 3447 3454 3537
GDP From Construction (NZD Million) 3930.00 3848 3801 3875 3883 3976
GDP From Manufacturing (NZD Million) 6116.00 6279 6193 6173 6185 6334
GDP From Mining (NZD Million) 816.00 677 760 747 748 766
GDP From Public Administration (NZD Million) 2744.00 2718 2743 2794 2799 2866
GDP From Services (NZD Million) 42107.00 42698 42649 43086 43170 44206
GDP From Transport (NZD Million) 2979.00 2939 2925 3024 3030 3102
GDP From Utilities (NZD Million) 1689.00 1791 1743 1725 1728 1770
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 4.20 4.2 4.4 4.4 4.3 4.3
Unemployed Persons (Thousand ) 116.00 124 125 124 124 125
Employment Change (%) -0.20 0.2 0.5 0.4 0.5 0.6
Labor Force Participation Rate (%) 70.40 70.7 70.9 70.9 70.8 71.2
Wages (NZD/Hour) 32.04 31.93 32.18 32.35 32.35 33.06
Wages in Manufacturing (NZD/Hour) 30.64 30.12 30.45 32 32 34
Minimum Wages (NZD/Hour) 17.70 17.7 17.7 17.7 19.8 19.8
Population (Million) 4.93 5.1 5.1 4.93 5.02 5.02
Retirement Age Women 65.00 65 65 65 65 65
Retirement Age Men 65.00 65 65 65 65 65
Youth Unemployment Rate (%) 13.20 12.5 11.5 11.2 11 11
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 1.50 1.7 1.9 1.8 1.9 2.1
Inflation Rate Mom (%) 0.10 0.5 0.7 0.9 0.6 0.3
Consumer Price Index CPI (Index Points) 1026.00 1032 1043 1043 1044 1065
Core Consumer Prices (Index Points) 1026.00 1034 1043 1047 1046 1068
Producer Prices (Index Points) 1148.00 1160 1170 1172 1078 1180
Food Inflation (%) 1.70 1.3 1.8 2 1.8 1.7
Cpi Housing Utilities (Index Points) 1053.00 1049 1062 1066 1067 1088
CPI Transportation (Index Points) 1017.00 1037 1064 1075 1076 1098
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 1.50 1.5 1.5 1.25 1.25 1.25
Interbank Rate (%) 1.70 1.9 1.9 1.65 1.65 1.65
Deposit Interest Rate (%) 1.65 3.2 3.2 2.95 2.95 2.95
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (NZD Million) 264.00 -500 -1575 -400 300 -300
Current Account (NZD Million) 680.00 -1300 -4300 -2915 400 -2882
Current Account to GDP (%) -3.60 -2.5 -2.5 -2.5 -2.4 -2.4
Imports (NZD Million) 5541.00 5300 5450 5300 4500 5400
Exports (NZD Million) 5805.00 4800 3900 4900 4800 5100
Tourist Arrivals 307400.00 250000 270000 525000 360000 530000
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 19.90 20 20 20 21 21
Government Budget (% of GDP) 1.90 1.6 1.6 1.6 1 1
Government Spending (NZD Million) 11491.00 11752 11627 11725 11748 12030
Government Debt (NZD Million) 57495.00 58000 58000 58000 57000 57000
Taxes Actual Q2 Q3 Q4 Q1 2020
Corporate Tax Rate (%) 28.00 28 28 28 28 28
Personal Income Tax Rate (%) 33.00 33 33 33 33 33
Sales Tax Rate (%) 15.00 15 15 15 15 15
Social Security Rate (%) 11.00 11 11 11 11 11
Social Security Rate For Companies (%) 3.00 3 3 3 3 3
Social Security Rate For Employees (%) 8.00 8 8 8 8 8
Business Actual Q2 Q3 Q4 Q1 2020
Business Confidence (%) -32.00 -38 -32 -30 -25 10
Manufacturing PMI 50.20 51 53 53 53.5 54
Industrial Production (%) 2.20 3.6 1.81 3.2 2.5 3.4
Changes in Inventories (NZD Million) -201.00 80 -400 340 340 380
Car Registrations 5575.00 5757 5762 5764 5764 5764
Services Pmi 53.60 54.8 56 56 57 58
Composite Pmi 51.80 53.7 53 53.5 53.7 53.8
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Confidence (Index Points) 103.50 101 102 104 105 107
Retail Sales MoM (%) 0.70 1.1 1.1 1.2 1 1.3
Retail Sales YoY (%) 3.30 3.8 3.6 3.8 4 3.7
Consumer Spending (NZD Million) 39047.00 39298 39463 40011 40089 41051
Bank Lending Rate (%) 9.38 9.46 9.46 9.21 9.21 9.21
Housing Actual Q2 Q3 Q4 Q1 2020
Building Permits 2777.00 2150 2300 2250 2300 2400
Housing Index (%) -1.20 0.3 0.7 -0.3 0.1 0.8
Construction Output (%) 15.70 4 3.6 4.3 4.9 4
Home Ownership Rate (%) 64.80 64.29 64.29 64.29 64.29 64.29


This page has economic forecasts for New Zealand including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the New Zealand economy.