Forex Fundamentals
New Zealand GDP Growth Rate

New Zealand GDP Growth Rate 20 September 2023

New Zealand GDP Growth Rate 20 September 2023: 0.9% for Q2 2023, above the 0.5% forecast and against 0% in Q1 2023 (first reported as -0.1%). It is the highest reading since Q3 2022. 7 of the last 12 releases came in above the forecast. It was released on Wed 20 Sep 2023 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
0.9%
Q2 2023
Forecast
0.5%
The market consensus
Previous
0%
As the source gives it

What a print like this usually does

Above the forecast: Growth above forecast usually supports the NZD as traders price a more resilient economy and potentially higher rates for longer.

New Zealand GDP Growth Rate 20 September 2023: 0.9% for Q2 2023 against a 0.5% 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 20 September 2023: 0.9% vs 0.5% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-gdp/2023-09-20

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
20 Sep 2023Q20.9%0.5%0%
14 Jun 2023Q1-0.1%-0.1%-0.7%
15 Mar 2023Q4-0.6%-0.2%1.7%
14 Dec 2022Q32%0.9%1.9%
14 Sep 2022Q21.7%1%-0.2%
15 Jun 2022Q1-0.2%0.6%3%
16 Mar 2022Q43%3.2%-3.6%
15 Dec 2021Q3-3.7%-4.5%2.8%
15 Sep 2021Q22.8%1.3%1.4%
16 Jun 2021Q11.6%0.5%-1%
17 Mar 2021Q4-1%0.1%13.9%
16 Dec 2020Q314.0%13.5%-11.0%
The release before:New Zealand GDP Growth Rate 14 June 2023The release after:New Zealand GDP Growth Rate 13 December 2023New Zealand GDP Growth Rate: every recent resultThis week’s economic calendar