New Zealand NZD

New Zealand GDP Growth Rate QoQ

Info

History

Chart

Impact:

High

Source: Statistics New Zealand

Latest Release:

Date:

Surprise:

0.3%

NZD

Actual:

0.7%

Forecast: 0.4%

Previous/Revision:

-1.1%

Period: Q4

Next Release:

Date:

Forecast: 0.5%

Period: Q1

What Does It Measure?

The GDP Growth Rate QoQ measures the percentage change in the gross domestic product (GDP) of New Zealand from one quarter to the next. It focuses primarily on assessing the overall economic performance, including production, consumption, government spending, and net exports, and is a key indicator of economic health.

Frequency

This report is released on a quarterly basis, typically around six weeks after the end of the quarter, and represents a final figure rather than a preliminary estimate.

Why Do Traders Care?

Traders pay close attention to the GDP Growth Rate because it significantly influences market expectations regarding economic performance, monetary policy, and investment decisions. Higher-than-expected GDP growth is generally bullish for the New Zealand dollar (NZD) and equities, while weaker growth readings can have a bearish impact on both.

What Is It Derived From?

The GDP Growth Rate is derived from national accounts data collected from various sectors of the economy, including manufacturing, services, and agriculture. This data is gathered through extensive surveys involving businesses, governmental agencies, and statistical methods to ensure accurate and comprehensive economic capture.

Description

The GDP Growth Rate is reported on a quarter-over-quarter (QoQ) basis, allowing economists and traders to identify short-term growth trends and fluctuations relative to the previous quarter. This method is preferred for its ability to capture immediate economic changes and signals shifts in economic performance without seasonal adjustments that may distort annual comparisons.

Additional Notes

As a coincident economic measure, the GDP Growth Rate provides insight into the current state of the economy, indicating growth or contraction patterns that may align with other economic reports such as employment figures and inflation rates. Globally, GDP data is often compared to assess relative economic strength between countries, especially among major trading partners.

Bullish or Bearish for Currency and Stocks

If the GDP Growth Rate is higher than expected: Bullish for NZD, Bullish for Stocks. If the GDP Growth Rate is 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	Actual	Forecast	Previous	Surprise
Mar 19, 2025	0.7%	0.4%	-1.1%	0.3%
Dec 18, 2024	-1%	-0.4%	-1.1%	-0.6%
Sep 18, 2024	-0.2%	-0.4%	0.1%	0.2%
Jun 19, 2024	0.2%	0%	-0.1%	0.2%
Mar 20, 2024	-0.1%	0.1%	-0.3%	-0.2%
Dec 13, 2023	-0.3%	0.2%	0.5%	-0.5%
Sep 20, 2023	0.9%	0.5%	0%	0.4%
Jun 14, 2023	-0.1%	-0.1%	-0.7%
Mar 15, 2023	-0.6%	-0.2%	1.7%	-0.4%
Dec 14, 2022	2%	0.9%	1.9%	1.1%
Sep 14, 2022	1.7%	1%	-0.2%	0.7%
Jun 15, 2022	-0.2%	0.6%	3%	-0.8%
Mar 16, 2022	3%	3.2%	-3.6%	-0.2%
Dec 15, 2021	-3.7%	-4.5%	2.8%	0.8%
Sep 15, 2021	2.8%	1.3%	1.4%	1.5%
Jun 16, 2021	1.6%	0.5%	-1%	1.1%
Mar 17, 2021	-1%	0.1%	13.9%	-1.1%
Dec 16, 2020	14%	13.5%	-11%	0.5%
Sep 16, 2020	-12.2%	-12.8%	-1.4%	0.6%
Jun 17, 2020	-1.6%	-1%	0.5%	-0.6%
Mar 18, 2020	0.5%	0.5%	0.8%
Dec 18, 2019	0.7%	0.6%	0.1%	0.1%
Sep 18, 2019	0.5%	0.4%	0.6%	0.1%
Jun 19, 2019	0.6%	0.6%	0.6%
Mar 20, 2019	0.6%	0.6%	0.3%
Dec 19, 2018	0.3%	0.6%	1%	-0.3%
Sep 19, 2018	1%	0.7%	0.5%	0.3%
Jun 20, 2018	0.5%	0.5%	0.6%
Mar 14, 2018	0.6%	0.7%	0.6%	-0.1%
Dec 20, 2017	0.6%	0.5%	1%	0.1%
Sep 20, 2017	0.8%	0.8%	0.6%
Jun 14, 2017	0.5%	0.7%	0.4%	-0.2%
Mar 15, 2017	0.4%	0.7%	0.8%	-0.3%
Dec 21, 2016	1.1%	0.9%	0.7%	0.2%
Sep 14, 2016	0.9%	1.1%	0.9%	-0.2%
Jun 15, 2016	0.7%	0.5%	0.9%	0.2%
Mar 16, 2016	0.9%	0.6%	0.9%	0.3%
Dec 16, 2015	0.9%	0.8%	0.3%	0.1%
Sep 16, 2015	0.4%	0.5%	0.2%	-0.1%
Jun 17, 2015	0.2%	0.6%	0.8%	-0.4%