New Zealand NZD

New Zealand GDP Growth Rate YoY

Impact:
Medium

Latest Release:

Date:
Surprise:
0.3%
| NZD
Actual:
-1.1%
Forecast: -1.4%
Previous/Revision:
-1.6%
Period: Q4

Next Release:

Date:
Forecast: -1.2%
Period: Q1
What Does It Measure?
The New Zealand GDP Growth Rate YoY measures the annual percentage increase in the value of all goods and services produced in New Zealand, providing insights into the overall economic performance and health of the country. It focuses on key areas such as production, consumption, and investment, with a key indicator of above 0% denoting economic expansion and below 0% indicating contraction.
Frequency
This report is released quarterly, typically published about a month and a half after the end of each quarter, and includes both preliminary and final figures.
Why Do Traders Care?
Traders monitor the GDP Growth Rate because it serves as a crucial indicator of economic health, influencing monetary policy and market sentiment across financial markets, specifically affecting the New Zealand dollar, and equities. Stronger-than-expected growth figures often lead to currency appreciation and rising stock prices, while disappointing results can result in bearish market reactions.
What Is It Derived From?
The GDP Growth Rate is derived from national accounts statistics that compile data from various sectors, including consumption, investment, government spending, and net exports. This calculation involves methodologies established by Statistics New Zealand, incorporating survey data from businesses and institutions to ensure comprehensive coverage of economic activity.
Description
The New Zealand GDP Growth Rate YoY reflects the change in economic output over a twelve-month period, illustrating long-term structural trends while mitigating the influence of seasonal fluctuations. This measure is vital for understanding the sustained performance and direction of the New Zealand economy, and it provides a benchmark against which other economic indicators can be assessed.
Additional Notes
As a coincident economic measure, the GDP Growth Rate complements other indicators such as employment rates and inflation metrics, offering insights into the current state of the economy. It is often compared to international GDP growth rates to gauge New Zealand's performance relative to global economic trends.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for NZD, Bullish for Stocks. Lower than expected: Bearish for NZD, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-1.1%
-1.4%
-1.6%
0.3%
-1.5%
-0.4%
-0.5%
-1.1%
-0.5%
-0.5%
0.5%
0.3%
0.2%
-0.2%
0.1%
-0.3%
0.1%
-0.6%
-0.4%
-0.6%
0.5%
1.5%
-1.1%
1.8%
1.2%
2.2%
0.6%
2.2%
2.6%
2.3%
-0.4%
2.2%
3.3%
6.4%
-1.1%
6.4%
5.5%
0.3%
0.9%
0.4%
0.2%
1%
0.2%
1.2%
1.2%
3.1%
3.1%
3.3%
-0.2%
-0.2%
-0.3%
-1.6%
17.9%
1.3%
17.4%
16.3%
2.9%
1.1%
2.4%
0.9%
-0.8%
1.5%
-0.9%
0.5%
0.2%
-1.4%
0.4%
-1.3%
-12.4%
1.7%
-12.4%
-13.3%
-0.1%
0.9%
-0.2%
0.3%
1.8%
-0.5%
1.8%
1.8%
2.3%
2.3%
2.4%
2.1%
-0.1%
2.1%
2%
2.5%
0.1%
2.5%
2.4%
2.5%
0.1%
2.3%
2.5%
2.6%
-0.2%
2.6%
2.8%
3.2%
-0.2%
2.8%
2.5%
2.6%
0.3%
2.7%
2.7%
2.9%
2.9%
3.1%
3%
-0.2%
2.7%
2.3%
2.8%
0.4%
2.5%
2.5%
2.5%
2.5%
2.7%
2.7%
-0.2%
2.7%
3.1%
3.3%
-0.4%
3.5%
3.7%
3.4%
-0.2%
3.6%
3.7%
3%
-0.1%
2.8%
2.6%
2.3%
0.2%
2.3%
2%
2.3%
0.3%
2.3%
2.3%
2.4%
2.4%
2.5%
2.7%
-0.1%
2.6%
3%
3.5%
-0.4%