New Zealand Industrial Production
-1.0%▲ +0.99 pt
Dec 2024 · Annual
New Zealand's industrial production contracted 1.03% year-on-year in 2024, narrowing from a 2.02% decline in 2023. The reading remains well below the all-time high of 8.73% set in 2002 but above the record low of -8.51% in 2008. The data cover the period since 1978.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| -1.0% | -2.0% | 8.7%Dec 2002 | -8.5%Dec 2008 | 1978 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| GDP Growth Rate | 2.1% | 1.9% | 17.8% | -9.3% | Mar 2026 | Quarterly |
About this series
Industrial Production in New Zealand averaged 0.8% from 1978 until 2024, reaching an all-time high of 8.7% in Dec 2002 and a record low of -8.5% in Dec 2008. The series is reported yearly with history from 1978.
Industrial production year-on-year measures the annual percentage change in the volume of output from New Zealand's industrial sector, covering manufacturing, mining, and utilities. The indicator is expressed as a percentage and reported on an annual frequency. The series provides data from 1978.
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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