Nominal GDP for New Zealand was $258.3bn in 2024, up from $253.3bn in 2023. The New Zealand population was estimated at 5.2m in 2024 according to the IMF, while China is New Zealand’s biggest trading partner.
Variables Surveyed for New Zealand
Variables covered in our monthly analysis of New Zealand include:
- Gross Domestic Product
- Private Consumption
- Gross Fixed Investment
- Manufacturing Production
- Consumer Prices
- Labour Cost Index
- Money Supply
- Unemployment Rate
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Government Operational Balance
- Interest Rates
- New Zealand dollar Forecasts
Consensus Forecasts for New Zealand
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Reserve Bank of New Zealand, IMF and OECD. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Asia Pacific Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for New Zealand on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Real Interest Rates and Foreign Direct Investment
- Forecast Probabilities
- Forecasts of Trade and Current Account Balances
Main Data Sources for New Zealand
- Statistics New Zealand:Stats NZ Tatauranga Aotearoa is New Zealand's official data agency. It collects information from people and organisations through censuses and surveys. It uses this information to publish insights and data about New Zealand, and supports others to use the data.
- Reserve Bank of New Zealand: The Reserve Bank of New Zealand – Te Pūtea Matua is New Zealand’s central bank. By maintaining a sound and efficient monetary and financial system, we give people, communities and businesses the confidence to spend, borrow and save money in their daily lives.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Asia Pacific
Alongside this country forecast, explore the other economies covered by our Asia Pacific forecast publication.