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COUNTRY OUTLOOK / NZ

New Zealand

Official cash rate · ISO:NZ

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalWellington
RegionEast Asia & Pacific
Income groupHigh income
CurrencyNew Zealand dollar
GDP$264.06B2025 · current US$
Real GDP growth0.46%2025 · annual %
Population5.32M2025 · people
GDP per capita$49,591.042025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2023 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

New Zealand's largest reported broad sector is services in 2023.

Monetary & research context

Policy authorityISO:NZ
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

0.46% · 2025 · annual %

Real GDP growth · annual %-0.87%1.72%4.30%2014: 3.81933619307242 annual %2015: 3.72968312125018 annual %2016: 3.7435247472109 annual %2017: 3.31568621648204 annual %2018: 3.32219666491432 annual %2019: 2.32371708441623 annual %2020: -0.240916114758988 annual %2021: 4.29916005216614 annual %2022: 3.34521847792682 annual %2023: 1.81389453412019 annual %2024: -0.868722371893952 annual %2025: 0.462871830681081 annual %20142025
View annual observations
YearValue (annual %)
20250.463
2024-0.869
20231.814
20223.345
20214.299
2020-0.241
20192.324
20183.322
20173.316
20163.744
20153.730
20143.819
World Bank source & definition ↗

Economy

GDP$264.06B2025 · current US$Source & definition ↗
Real GDP growth0.46%2025 · annual %Source & definition ↗
GDP per capita$49,591.042025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 305.37B2025 · current international $Source & definition ↗

People

Population5.32M2025 · peopleSource & definition ↗
Population growth0.65%2025 · annual %Source & definition ↗
Urban population84.00%2025 · % of populationSource & definition ↗
Life expectancy82.012024 · yearsSource & definition ↗
Unemployment · ILO estimate5.08%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+70.35%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing4.01%2023 · % of GDPSource & definition ↗
Industry including construction19.44%2023 · % of GDPSource & definition ↗
Services68.23%2023 · % of GDPSource & definition ↗
Manufacturing8.27%2023 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services24.71%2024 · % of GDPSource & definition ↗
Imports of goods & services25.96%2024 · % of GDPSource & definition ↗
Current account balance-3.62%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows1.37%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation2.84%2025 · annual %Source & definition ↗
Central government debt51.99%2024 · % of GDPSource & definition ↗
Tax revenue29.52%2024 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector143.38%2025 · % of GDPSource & definition ↗
Total reserves including gold$28.15B2025 · current US$Source & definition ↗

Infrastructure

Internet use93.52%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area267,7102023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

i

Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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