GDP growth (annual) · New Zealand
New Zealand GDP Growth Rate YoY
The New Zealand GDP Growth Rate YoY measures how much the economy of New Zealand grew compared with the same period a year earlier.
- Importance
- High
- Released
- Quarterly
- Next release
- Currency
- NZD · New Zealand dollar
- Central bank
- The Reserve Bank of New Zealand
Latest figures
The latest release for Q2, published on 16 September 2026, came in at 2.6%, above the consensus of 2.3%, up from 1.7% the time before (revised).
A stronger figure than expected points to a healthier economy: it usually supports the New Zealand dollar and local stocks, and can push bond yields up.
Over the last 7 releases it ranged from -1.1% to 2.6%, averaging 0.6%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 16 Sep 2026 | Q2 | 2.6% | 2.3% | 1.7% ® |
| 17 Jun 2026 | Q1 | 1.5% | 1.1% | 1.5% ® |
| 18 Mar 2026 | Q4 | 1.3% | 1.7% | 1.1% ® |
| 17 Dec 2025 | Q3 | 1.3% | 1.3% | -1.1% ® |
| 17 Sep 2025 | Q2 | -0.6% | 0% | -0.6% ® |
| 18 Jun 2025 | Q1 | -0.7% | -0.8% | -1.3% ® |
| 19 Mar 2025 | Q4 | -1.1% | -1.4% | -1.6% ® |
Why it matters
The yearly rate is less noisy than the quarterly change and is the figure most people mean by "economic growth". It shapes the earnings outlook for local companies, tax revenue, and the Reserve Bank of New Zealand's view of how much spare capacity the economy has.
How it is calculated
Stats NZ compares real GDP (after inflation) with the same quarter or year before; full-year figures sum the four quarters.
Growth (yoy) = real GDP ÷ real GDP a year ago − 1What changes mean
- Growth above the country's trend (about 1–2% for advanced economies, more for emerging ones) tends to raise inflation pressure.
- Annual growth turns only slowly; the quarterly figure shows turning points earlier.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the New Zealand dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the New Zealand dollar tends to soften and markets price in lower rates.
A short history
Annual national accounts spread after the Second World War under the UN System of National Accounts (first edition 1953).
New Zealand was the first country to adopt formal inflation targeting, in 1990.
Questions
What is the New Zealand GDP Growth Rate YoY?
The New Zealand GDP Growth Rate YoY measures how much the economy of New Zealand grew compared with the same period a year earlier.
What was the latest New Zealand GDP Growth Rate YoY?
2.6% for Q2, published on 16 September 2026 (consensus 2.3%, previous 1.7%).
When is the next New Zealand GDP Growth Rate YoY?
On Wednesday 16 December 2026 at 21:45 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.