New Zealand Economic Statistics and Indicators

20, Sep 2020, EDT. Welcome to the New Zealand economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: New Zealand › Change country
National or Regional Currency: New Zealand Dollar, NZD
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 4,401,916 (July 2014 est.)
Area: total: 267,710 sq km ; land: 267,710 sq km ; water: NA ; note: includes Antipodes Islands, Auckland Islands, Bounty Islands, Campbell Island, Chatham Islands, and Kermadec Islands
Natural Resources: natural gas, iron ore, sand, coal, timber, hydropower, gold, limestone
Capital: name: Wellington ; geographic coordinates: 41 18 S, 174 47 E ; time difference: UTC+12 (17 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in September; ends first Sunday in April ; note: New Zealand has two time zones - New Zealand standard time (12 hours in advance of UTC), and Chatham Islands time (45 minutes in advance of New Zealand standard time)

Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes - but left behind some at the bottom of the ladder - and broadened and deepened the technological capabilities of the industrial sector. Per capita income rose for ten consecutive years until 2007 in purchasing power parity terms, but fell in 2008-09. Debt-driven consumer spending drove robust growth in the first half of the decade, helping fuel a large balance of payments deficit that posed a challenge for economic managers. Inflationary pressures caused the central bank to raise its key rate steadily from January 2004 until it was among the highest in the OECD in 2007-08; international capital inflows attracted to the high rates further strengthened the currency and housing market, however, aggravating the current account deficit. The economy fell into recession before the start of the global financial crisis and contracted for five consecutive quarters in 2008-09. In line with global peers, the central bank cut interest rates aggressively and the government developed fiscal stimulus measures. The economy pulled out of recession late in 2009, and achieved 2-3% per year growth in 2010-13. Nevertheless, key trade sectors remain vulnerable to weak external demand. The government plans to raise productivity growth and develop infrastructure, while reining in government spending.
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GDP (Constant Prices, National Currency) for New Zealand in year 2015 is NZD 222.482 Billion.

GDP Growth (Constant Prices, National Currency) for New Zealand in year 2015 is 3.397 %.

GDP (Current Prices, National Currency) for New Zealand in year 2015 is NZD 246.086 Billion.

GDP (Current Prices, US Dollars) for New Zealand in year 2015 is US$ 172.248 Billion.

GDP Deflator for New Zealand in year 2015 is 110.609 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for New Zealand in year 2015 is NZD 47,848.68 .

GDP Per Capita (Current Prices, National Currency) for New Zealand in year 2015 is NZD 52,925.14 .

GDP Per Capita (Current Prices, US Dollars) for New Zealand in year 2015 is US$ 37,044.89 .

Output Gap, Percent of Potential GDP for New Zealand in year 2015 is -0.568 %.

GDP (PPP), US Dollars for New Zealand in year 2015 is US$ 168.187 Billion.

GDP Per Capita (PPP), US Dollars for New Zealand in year 2015 is US$ 36,171.65 .

GDP Share of World Total (PPP) for New Zealand in year 2015 is 0.148 %.

Implied PPP Conversion Rate for New Zealand in year 2015 is 1.463 .

Investment (% of GDP) for New Zealand in year 2015 is 23.075 %.

Gross National Savings (% of GDP) for New Zealand in year 2015 is 19.165 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for New Zealand in year 2015 is 140.181 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for New Zealand in year 2015 is 0.293 %.

Inflation, End of Year (Indexed to Year 2000) for New Zealand in year 2015 is 137.701 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for New Zealand in year 2015 is 0.084 %.

Import Volume of All Items Including Goods and Services (Percent Change) for New Zealand in year 2015 is 3.718 %.

Import Volumes of Goods Only (Percent Change) for New Zealand in year 2015 is 4.905 %.

Export Volume of All Items Including Goods and Services (Percent Change) for New Zealand in year 2015 is 6.744 %.

Export Volumes of Goods Only (Percent Change) for New Zealand in year 2015 is 4.394 %.

Unemployment Rate (% of Labour Force) for New Zealand in year 2015 is 5.75 %.

Employment for New Zealand in year 2015 is 2.357 Million .

Population for New Zealand in year 2015 is 4.65 Million .

General government revenue (National Currency) for New Zealand in year 2015 is NZD 86.013 Billions.

General government revenue (% of GDP) for New Zealand in year 2015 is 34.952 %.

General government total expenditure (National Currency) for New Zealand in year 2015 is NZD 85.389 Billions.

General government total expenditure (% of GDP) for New Zealand in year 2015 is 34.699 %.

Total Government Net Lending/ Borrowing (National Currency) for New Zealand in year 2015 is NZD 0.624 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for New Zealand in year 2015 is 0.254 %.

General Government Structural Balance (National Currency) for New Zealand in year 2015 is NZD 0.651 Billion.

General Government Structural Balance (% Potential GDP) for New Zealand in year 2015 is 0.264 %.

Fiscal Year Gross Domestic Product, Current Prices for New Zealand in year 2015 is NZD 246.086 Billions.

Current Account Balance (US Dollars) for New Zealand in year 2015 is US$ -5.249 Billion.

Current Account Balance (% GDP) for New Zealand in year 2015 is -3.047 %.