Labor Force Participation Rate in New Zealand increased to 70.20 percent in the fourth quarter of 2020 from 70.10 percent in the third quarter of 2020. source: Statistics New Zealand
Labor Force Participation Rate in New Zealand averaged 66.82 percent from 1986 until 2020, reaching an all time high of 71.20 percent in the third quarter of 2017 and a record low of 63 percent in the first quarter of 1993. This page provides - New Zealand Labor Force Participation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Labor Force Participation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Labor Force Participation Rate in New Zealand is expected to be 70.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Labor Force Participation Rate in New Zealand to stand at 70.80 in 12 months time. In the long-term, the New Zealand Labor Force Participation Rate is projected to trend around 70.80 percent in 2022 and 71.20 percent in 2023, according to our econometric models.