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Economy of New Zealand. Statistics, Data and Indicators

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New Zealand
90AA Credit rank #20
182.40 Quality of life #8
2 Corruption rank#2
1 Ease of doing business#1
New Zealand


New Zealand Major Economic Indicators

Indicator Data Period
GDP Value 247 USD Billion 2022
GDP Annual Growth Rate 1.8 % 2Q/23
GDP Growth Rate 0.9 % 2Q/23
GDP per capita 42272 USD 2022
Inflation Rate YoY 6 % 2Q/23
Interest Rate 5.5 % Oct/23
Unemployment Rate 3.6 % 2Q/23
Wages 39.6 NZD/Hour | 3817.327 USD/Month 2Q/23
Balance of Trade -2291 NZD Million | -1.38 B USD Aug/23
Current Account -4208 NZD Million | -2.535 B USD 2Q/23
Foreign Exchange Reserves 28619 NZD Million | 17.242 B USD Sep/23
Government Debt 155273 NZD Million | 93.549 B USD 2023


GDP Indicators

Indicator Data Period
GDP Value 247 USD Billion 2022
GDP Annual Growth Rate 1.8 % 2Q/23
GDP Growth Rate 0.9 % 2Q/23
GDP per capita 42272 USD 2022
Gross National Product 76819 NZD Million | 46.282 USD Billion 2Q/23
GDP Constant Prices 71628 NZD Million | 43.155 B USD 2Q/23
GDP per capita PPP 44880 USD 2022
GDP From Agriculture  3190 NZD Million | 1.922 B USD 2Q/23
GDP From Construction  4945 NZD Million | 2.979 B USD 2Q/23
GDP From Manufacturing  5574 NZD Million | 3.358 B USD 2Q/23
GDP From Mining  549 NZD Million | 0.331 B USD 2Q/23
GDP From Public Administration  3393 NZD Million | 2.044 B USD 2Q/23
GDP From Services  48650 NZD Million | 29.311 B USD 2Q/23
GDP From Transport  2832 NZD Million | 1.706 B USD 2Q/23
GDP From Utilities  1861 NZD Million | 1.121 B USD 2Q/23


Budget Indicators

Indicator Data Period
Government Debt to GDP 35.9 % 2022
Government Budget Value -9691 NZD Million | -5.839 USD Billion 2022
Government Spending 14772 NZD Million | 8.9 USD Billion 2Q/23
Government Debt 155273 NZD Million | 93.549 USD Billion 2023
Government Revenues 153011 NZD Million | 92.186 USD Billion 2023
Fiscal Expenditure  161822 NZD Million | 97.495 B USD 2023
Government Budget to GDP -2.7 % 2022
Military Expenditure 2829 USD Million | 2.829 B USD 2022


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 1231 index points 2Q/23
Export Prices 1448 index points 2Q/23
Food Inflation 8.9 % Aug/23
GDP Deflator 1427 index points 2Q/23
Import Prices 1007 index points 2Q/23
Inflation Rate YoY 6 % 2Q/23
Producer Prices 1376 index points 2Q/23
Inflation Rate Mom 1.1 % 2Q/23
Core Consumer Prices 1229 Index Points 2Q/23
Core Inflation Rate 7.1 % 2Q/23
CPI Housing Utilities 1314 Index Points 2Q/23
CPI Transportation 1219 Index Points 2Q/23
Inflation Expectations 2.83 % 3Q/23


Trade Indicators

Indicator Data Period
Current Account to GDP -8.9 % 2022
Weapons Sales 20 USD Million 2022
Balance of Trade -2291 NZD Million | -1.38 USD Billion Aug/23
Capital Flows -1059 NZD Million | -0.638 USD Billion 2Q/23
Current Account -4208 NZD Million | -2.535 USD Billion 2Q/23
Exports 4987 NZD Million | 3.005 USD Billion Aug/23
External Debt 331394 NZD Million | 199.659 USD Billion 2Q/23
Foreign Exchange Reserves 28619 NZD Million | 17.242 USD Billion Sep/23
Imports 7278 NZD Million | 4.385 USD Billion Aug/23
Terms of Trade  1438 Index Points 2Q/23
Tourist Arrivals 206783 Persons | 0.207 Million Persons Aug/23


Money Indicators

Indicator Data Period
Bank Lending Rate 12.68 % Sep/23
Interbank Rate 5.68 % Oct/23
Interest Rate 5.5 % Oct/23
Loans to Private Sector 131547 NZD Million | 79.255 USD Billion Jul/23
Money Supply M0 8907 NZD Million | 5.366 USD Billion Aug/23
Money Supply M1 118898 NZD Million | 71.634 USD Billion Aug/23
Money Supply M2 150882 NZD Million | 102.11 USD Billion Jan/17
Money Supply M3 403361 NZD Million | 243.018 USD Billion Aug/23
Central Bank Balance Sheet 97061 NZD Million | 58.478 B USD Aug/23
Deposit Interest Rate 5.36 % 2023
Foreign Direct Investment 184 NZD Million | 0.111 B USD 2Q/23
Private Sector Credit  556409 NZD Million | 335.227 B USD Aug/23


Labor Indicators

Indicator Data Period
Minimum Wages 22.7 NZD/Hour | 2188.215 USD/Month 2023
Retirement Age Men 65 2022
Retirement Age Women 65 2022
Unemployment Rate 3.6 % 2Q/23
Wages 39.6 NZD/Hour | 3817.327 USD/Month 2Q/23
Youth Unemployment Rate 10.3 % 1Q/23
Employed Persons 2927 Thousand Person | 2.927 Million Person 2Q/23
Employment Change  1 % 2Q/23
Employment Rate  69.5 % 1Q/23
Full Time Employment 2349 Thousand Person 2Q/23
Labor Force Participation Rate 72.4 % 2Q/23
Part Time Employment 577 Thousand Persons 2Q/23
Unemployed Persons 109 Thousand Persons | 0.109 Million Persons 2Q/23
Wages in Manufacturing 37.72 NZD/Hour | 3636.101 USD/Month 2Q/23


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 7.7 BBL/D/1K Jan/23
Industrial Production -7 % 1Q/23
Steel Production 59.47 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Business Confidence 1.5 index points Sep/23
Corruption Index 87 index points 2022
Corruption Rank 2 place 2022
Ease of Doing Business 1 place 2019
Manufacturing PMI 46.06 index points Aug/23
Services PMI 47.1 index points Aug/23
Competitiveness Index 76.75 Index Points 2019
Competitiveness Rank 19 2019
Composite PMI 46.8 Index Points Aug/23


Consumer Indicators

Indicator Data Period
Consumer Confidence 80.2 index points 3Q/23
Retail Sales MoM -1 % 2Q/23
Retail Sales YoY -3.5 % 2Q/23
Consumer Credit 248163 NZD Million | 167.94 USD Billion Jan/17
Consumer Spending 44908 NZD Million | 27.056 USD Billion 2Q/23
Households Debt To GDP 93.3 % 1Q/23
Households Debt To Income 168 % 1Q/23


Housing Market

Indicator Data Period
Construction Output 12.34 % 2Q/23