Gross Domestic Product (YoY)

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 13 December 2023 21:45

Previous
1.5%
Revised
1.5%
Forecast
0.5%
Actual
-0.6%

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

Next event - Wednesday 20 March 2024 21:45

Previous
-0.6%
Forecast
-
Actual
-

The typical/expected impact on NZD pairs is high.

There is no forecast value for Gross Domestic Product (YoY) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (YoY) was -0.6% against a forecast of 0.5%.

Past events

Date
Forecast
Actual
Wednesday 13 December 2023 21:45
0.5%
-0.6%
Wednesday 20 September 2023 22:45
1.2%
1.8%
Wednesday 14 June 2023 22:45
2.6%
2.2%
Wednesday 15 March 2023 21:45
3.3%
2.2%
Wednesday 14 December 2022 21:45
5.5%
6.4%
Wednesday 14 September 2022 22:45
0.2%
0.4%
Wednesday 15 June 2022 22:45
3.3%
1.2%
Wednesday 16 March 2022 21:45
3.3%
3.1%
Wednesday 15 December 2021 21:45
-1.6%
-0.3%
Wednesday 15 September 2021 22:45
16.3%
17.4%
Wednesday 16 June 2021 22:45
0.9%
2.4%
Wednesday 17 March 2021 21:45
0.5%
-0.9%

Economic context

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

PreviousLatest
Retail Sales (QoQ)Bearish change-0.8%-1.9%
Retail Sales ex Autos (QoQ)Bearish change0.4%-1.7%
Trade Balance NZD (YoY)Bullish change$-13.62B$-12.5B
ExportsBearish change$5.85B$4.93B
ImportsBearish change$6.22B$5.91B
Producer Price Index - Output (QoQ)Bearish change0.8%0.7%
Business NZ PSIBullish change48.852.1
Business NZ PMIBullish change43.447.3
RBNZ Inflation Expectations (QoQ)Bullish change2.76%2.5%

About Gross Domestic Product (YoY)

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

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