Forex Fundamentals
New Zealand GDP Growth Rate

New Zealand GDP Growth Rate 17 June 2020

New Zealand GDP Growth Rate 17 June 2020: -1.6% for Q1 2020, below the -1% forecast and down from 0.5% in Q4 2019. It is the lowest of the last 12 releases. 3 of the last 12 releases came in below the forecast. It was released on Wed 17 Jun 2020 at 22:45 UTC.

These figures were verified on 4 Oct 2026 from the source: Statistics New Zealand. This page reports the release as published: the figures, the consensus forecast and what a print like it usually does to the currency.

Actual
-1.6%
Q1 2020
Forecast
-1%
The market consensus
Previous
0.5%
As the source gives it

What a print like this usually does

Below the forecast: A downside surprise, especially a contraction, usually weakens the NZD as expectations shift toward RBNZ easing.

New Zealand GDP Growth Rate 17 June 2020: -1.6% for Q1 2020 against a -1% forecast, with the last 12 releases
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Cite this release

If you cite this release, please link to this page:

New Zealand GDP Growth Rate 17 June 2020: -1.6% vs -1% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-gdp/2020-06-17

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
17 Jun 2020Q1-1.6%-1%0.5%
18 Mar 2020Q40.5%0.5%0.8%
18 Dec 2019Q30.7%0.6%0.1%
18 Sep 2019Q20.5%0.4%0.6%
19 Jun 2019Q10.6%0.6%0.6%
20 Mar 2019Q40.6%0.6%0.3%
19 Dec 2018Q30.3%0.6%1%
19 Sep 2018Q21%0.7%0.5%
20 Jun 2018Q10.5%0.5%0.6%
14 Mar 2018Q40.6%0.7%0.6%
20 Dec 2017Q30.6%0.5%1.0%
20 Sep 2017Q20.8%0.8%0.6%
The release before:New Zealand GDP Growth Rate 18 March 2020The release after:New Zealand GDP Growth Rate 16 September 2020New Zealand GDP Growth Rate: every recent resultThis week’s economic calendar