What happened
Actual 0.2% came in above forecast 0.1%. Previous was 0.9%, now lower than that.
What it means
GDP shows how fast the economy grew. This is the biggest measure of economic health. The first (Flash/Prel/Adv) number may be revised later.
High impact · 🇳🇿 NZD · Latest releaseGuide
New Zealand GDP Growth Rate QoQ
Released · Q2
Actual0.2%
Forecast0.1%
Previous0.9%
Next release
What is this news
GDP (Gross Domestic Product) is the total value of all goods and services produced in a country. The growth rate shows how much the economy grew compared to before. Released by Stats NZ. This comes every three months (quarterly).
How important it is
This is the biggest measure of an economy's health. Flash/Advance is the first estimate, which gets revised later. This is a High impact event on FxGram: NZD pairs often see sharp moves at this time.
What this data does
Generally, if GDP comes in above forecast, the economy is considered strong and this is seen as a good sign for the currency; if lower, it signals weakness.
This is just general knowledge (textbook), not a prediction for this release. The market may react differently. This is not buy-sell advice.
Previous releases
| Date | Actual | Forecast | Previous |
|---|---|---|---|
| Q2 | 0.2% | 0.1% | 0.9% |
| Q1 | 0.8% | 0.9% | 0.5% |
| Q4 | 0.2% | 0.4% | 0.9% |
| Q3 | 1.1% | 0.9% | -1% |
| Q2 | -0.9% | -0.3% | 0.9% |
Data: Stats NZ, via TradingView economic calendar.
See full calendar