New Zealand

Nominal GDP for New Zealand was NZ$350.2bn in 2021, down from NZ$321.6bn in 2020. The New Zealand population was estimated at 5.1m in 2021 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Reserve Bank of New Zealand, IMF and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Asia Pacific Conensus 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:

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.