Next release
Released quarterlySep 17, 2026 22:45 UTC
in 89 days
Latest result
The most recent New Zealand GDP Growth Rate (Jun 17, 2026, Q1) printed 0.8% versus 0.8% expected (previous 0.5%) — in line with forecast.
What it measures
This is how fast New Zealand's economy grew in the latest quarter, a broad read on its health. Growth shapes the Reserve Bank's room on rates. As a small economy, the figure can be volatile.
Higher rates reward holding the New Zealand dollar, and a stronger economy lets the Reserve Bank hold rates firm, so a beat tends to support the Kiwi while a contraction raises cut bets and can weaken it. The small economy makes the figure choppy, so a clear surprise can move the currency sharply, especially given this bank's willingness to act boldly. Commodity exports such as dairy and the global risk mood also drive the Kiwi, sometimes more than domestic data. The reaction scales with how much the figure shifts the rate outlook.
What a higher or lower New Zealand GDP Growth Rate means for the NZD
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the NZD.
Higher than forecast
An actual above the -0.4% forecast is typically bullish for the NZD.
Lower than forecast
An actual below the -0.4% forecast is typically bearish for the NZD.
Release history
Every release of New Zealand GDP Growth Rate: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
| Release | Actual | Forecast | Previous | Outcome |
|---|---|---|---|---|
| Jun 17, 2026 · Q1 | 0.8% | 0.8% | 0.5% | inline |
| Mar 18, 2026 · Q4 | 0.2% | 0.5% | 0.9% | below |
| Sep 17, 2025 · Q2 | -0.9% | -0.2% | 0.9% | below |
| Jun 18, 2025 · Q1 | 0.8% | 0.7% | 0.5% | above |
| Mar 19, 2025 · Q4 | 0.7% | 0.2% | -1.1% | above |
| Dec 18, 2024 · Q3 | -1% | -0.3% | -1.1% | below |
| Sep 18, 2024 · Q2 | -0.2% | -0.3% | 0.1% | above |
| Jun 19, 2024 · Q1 | 0.2% | 0.1% | -0.1% | above |
| Mar 20, 2024 · Q4 | -0.1% | 0.1% | -0.3% | below |
| Dec 13, 2023 · Q3 | -0.3% | 0.1% | 0.5% | below |
| Sep 20, 2023 · Q2 | 0.9% | 0.5% | 0% | above |
| Jun 14, 2023 · Q1 | -0.1% | -0.2% | -0.7% | above |
| Mar 15, 2023 · Q4 | -0.6% | -0.3% | 1.7% | below |
| Dec 14, 2022 · Q3 | 2% | 0.9% | 1.9% | above |
| Sep 14, 2022 · Q2 | 1.7% | 1.5% | -0.2% | above |
| Jun 15, 2022 · Q1 | -0.2% | 0.6% | 3% | below |
| Mar 16, 2022 · Q4 | 3% | 3.8% | -3.6% | below |
| Dec 15, 2021 · Q3 | -3.7% | -3.9% | 2.8% | above |
| Sep 15, 2021 · Q2 | 2.8% | 1.4% | 1.4% | above |
| Jun 16, 2021 · Q1 | 1.6% | 0.3% | -1% | above |
| Mar 17, 2021 · Q4 | -1% | 0.2% | 13.9% | below |
| Dec 16, 2020 · Q3 | 14.0% | 14.1% | -11.0% | below |
| Sep 16, 2020 · Q2 | -12.2% | -13.1% | -1.4% | above |
| Jun 17, 2020 · Q1 | -1.6% | -0.7% | 0.5% | below |
| Mar 18, 2020 · Q4 | 0.5% | 0.5% | 0.8% | inline |
| Dec 18, 2019 · Q3 | 0.7% | 0.6% | 0.1% | above |
| Sep 18, 2019 · Q2 | 0.5% | 0.5% | 0.6% | inline |
| Jun 19, 2019 · Q1 | 0.6% | 0.6% | 0.6% | inline |
| Mar 20, 2019 · Q4 | 0.6% | 0.7% | 0.3% | below |
| Dec 19, 2018 · Q3 | 0.3% | 0.8% | 1% | below |
| Sep 19, 2018 · Q2 | 1% | 0.7% | 0.5% | above |
| Jun 20, 2018 · Q1 | 0.5% | 0.7% | 0.6% | below |
| Mar 14, 2018 · Q4 | 0.6% | 0.7% | 0.6% | below |
| Dec 20, 2017 · Q3 | 0.6% | 0.7% | 1.0% | below |
| Sep 20, 2017 · Q2 | 0.8% | 0.6% | 0.6% | above |
| Jun 14, 2017 · Q1 | 0.5% | 0.7% | 0.4% | below |
Frequently asked questions
- What is New Zealand GDP Growth Rate?
- This is how fast New Zealand's economy grew in the latest quarter, a broad read on its health. Growth shapes the Reserve Bank's room on rates. As a small economy, the figure can be volatile.
- What was the latest New Zealand GDP Growth Rate reading?
- The most recent release (Jun 17, 2026, Q1) came in at 0.8%, versus a forecast of 0.8% and a previous 0.5% — in line with expectations.
- When is the next New Zealand GDP Growth Rate?
- The next New Zealand GDP Growth Rate is scheduled for Sep 17, 2026. It is released quarterly.
- What happens to the NZD if New Zealand GDP Growth Rate is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the NZD, while a reading below forecast is bearish for the NZD. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the NZD.
- How does New Zealand GDP Growth Rate affect the NZD?
- Higher rates reward holding the New Zealand dollar, and a stronger economy lets the Reserve Bank hold rates firm, so a beat tends to support the Kiwi while a contraction raises cut bets and can weaken it. The small economy makes the figure choppy, so a clear surprise can move the currency sharply, especially given this bank's willingness to act boldly. Commodity exports such as dairy and the global risk mood also drive the Kiwi, sometimes more than domestic data. The reaction scales with how much the figure shifts the rate outlook.