Gross Domestic Product (QoQ)

The Gross Domestic Product (GDP), released by Statistics New Zealand, highlights the overall economic performance on a quarterly basis. The gauge has a significant influence on the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision, in turn affecting the New Zealand dollar. A rise in the GDP rate signifies improvement in the economic conditions, which calls for tighter monetary policy, while a drop suggests deterioration in the activity. An above-forecast GDP reading is seen as NZD bullish.

Most recent - Wednesday 18 September 2024 22:45

Previous
0.1%
Revised
0.1%
Forecast
-0.4%
Actual
-0.2%

Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (QoQ) was -0.2% against a forecast of -0.4%.

Past events

Date
Forecast
Actual
Wednesday 18 September 2024 22:45
-0.4%
-0.2%
Wednesday 19 June 2024 22:45
0%
0.2%
Wednesday 20 March 2024 21:45
0.1%
-0.1%
Wednesday 13 December 2023 21:45
0.2%
-0.3%
Wednesday 20 September 2023 22:45
0.5%
0.9%
Wednesday 14 June 2023 22:45
-0.1%
-0.1%
Wednesday 15 March 2023 21:45
-0.2%
-0.6%
Wednesday 14 December 2022 21:45
0.9%
2%
Wednesday 14 September 2022 22:45
1%
1.7%
Wednesday 15 June 2022 22:45
0.6%
-0.2%
Wednesday 16 March 2022 21:45
3.2%
3%
Wednesday 15 December 2021 21:45
-4.5%
-3.7%

Economic context

Recent economic data has been moderately bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:

PreviousLatest
Building Permits s.a. (MoM)Bearish change26.4%-5.3%
ExportsBearish change$6.09B$4.97B
ImportsBullish change$7.1B$7.17B
Trade Balance NZD (YoY)Bullish change$-9.35B$-9.29B
Westpac Consumer SurveyBullish change82.290.8

About Gross Domestic Product (QoQ)

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Economic Activity
Frequency:Quarterly

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