New Zealand GDP Growth Rate
2.1%▲ +0.26 pt
Mar 2026 · Quarterly
New Zealand's real GDP grew 2.13% year-on-year in the first quarter of 2026, accelerating from 1.87% in the previous quarter. The reading was the highest since the third quarter of 2023. It remains far below the all-time high of 17.81% in the second quarter of 2021 and above the all-time low of -9.31% in the second quarter of 2020.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 2.1% | 1.9% | 17.8%Jun 2021 | -9.3%Jun 2020 | 1988 – 2026 | Quarterly |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| GDP | $264.1B | $261.5B | $264.1B | $5.2B | Dec 2025 | Annual |
| Industrial Production | -1.0% | -2.0% | 8.7% | -8.5% | Dec 2024 | Annual |
About this series
GDP Growth Rate in New Zealand averaged 2.8% from 1988 until 2026, reaching an all-time high of 17.8% in Jun 2021 and a record low of -9.3% in Jun 2020. The series is reported quarterly with history from 1988.
Real GDP growth year-over-year measures the change in the inflation-adjusted value of all goods and services produced in New Zealand compared to the same quarter a year earlier. The indicator is reported quarterly in percent. The series spans from the second quarter of 1988 to the first quarter of 2026.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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