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    About New Zealand

    New Zealand is a highly developed market economy country, and its economic data show stable and sustainable growth. Below is a brief overview of New Zealand's key economic indicators.


    Gross Domestic Product (GDP) is one of the most important indicators of a country's economic health. In 2021, New Zealand's GDP will be NZ$23.06 billion, an increase of 4.4% over 2020. This shows that New Zealand's economy has recovered quickly and maintained its growth momentum following the COVID-19 pandemic.


    The unemployment rate is another important economic indicator. In the first quarter of 2021, New Zealand's unemployment rate was 4.7%, down 0.1 percentage points from the end of 2020. This suggests that the job market has improved, but there is still room for further improvement.


    Inflation is a measure of the rate at which prices are rising. In the first quarter of 2021, New Zealand's inflation rate was 1.5%, up 0.3 percentage points from the end of 2020. This shows that New Zealand's inflation level is still at a low level.


    New Zealand's trade and service industries play an important role in the economy. In 2020, New Zealand had a goods trade deficit of $3.4 billion, with agriculture, forestry and fishing accounting for the bulk. The service industry accounts for about half of New Zealand's total economic value, of which tourism is one of the important pillar industries.


    Overall, New Zealand's economic data showed a trend of steady and sustainable growth. However, as the impact of the COVID-19 outbreak continues, New Zealand still faces several challenges that require effective policy measures to support economic development.

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