Forex Fundamentals
New Zealand GDP Growth Rate

New Zealand GDP Growth Rate 13 December 2023

New Zealand GDP Growth Rate 13 December 2023: -0.3% for Q3 2023, below the 0.2% forecast and against 0.5% in Q2 2023 (first reported as 0.9%). It is the lowest reading since Q4 2022. 5 of the last 12 releases came in below the forecast. It was released on Wed 13 Dec 2023 at 21:45 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
-0.3%
Q3 2023
Forecast
0.2%
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 13 December 2023: -0.3% for Q3 2023 against a 0.2% 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 13 December 2023: -0.3% vs 0.2% forecast (Statistics New Zealand). Forex Fundamentals, https://forexfundamentals.com/economic-calendar/nz-gdp/2023-12-13

The last 12 releases · times in UTC
ReleasedForActualForecastPrevious
13 Dec 2023Q3-0.3%0.2%0.5%
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%
The release before:New Zealand GDP Growth Rate 20 September 2023The release after:New Zealand GDP Growth Rate 20 March 2024New Zealand GDP Growth Rate: every recent resultThis week’s economic calendar