New Zealand |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020. Authorities' actual annual data are April/March recalculated using quarterly data as Jan/Dec
Notes: Starting with the April 2021 WEO, real GDP data and forecasts are reported on a production basis. Nominal GDP data are reported on expenditure basis.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Data refer to calendar years
Start/end months of reporting year: January/December
Base year: 2009. The base year is 2009Q2 to 2010Q1
Chain-weighted: Yes, from 1987
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
257.367 |
252.082 |
264.832 |
273.645 |
278.165 |
283.442 |
289.763 |
296.796 |
2020 |
New Zealand |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
2.421 |
-2.053 |
5.058 |
3.328 |
1.652 |
1.897 |
2.230 |
2.427 |
2020 |
New Zealand |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020. Authorities' actual annual data are April/March recalculated using quarterly data as Jan/Dec
Notes: Starting with the April 2021 WEO, real GDP data and forecasts are reported on a production basis. Nominal GDP data are reported on expenditure basis.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Data refer to calendar years
Start/end months of reporting year: January/December
Base year: 2009. The base year is 2009Q2 to 2010Q1
Chain-weighted: Yes, from 1987
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
319.200 |
322.118 |
349.622 |
379.119 |
398.457 |
416.333 |
434.486 |
454.205 |
2020 |
New Zealand |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
210.443 |
209.384 |
247.640 |
267.636 |
282.400 |
294.509 |
306.857 |
319.992 |
2020 |
New Zealand |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
217.801 |
215.899 |
234.992 |
249.495 |
259.651 |
270.608 |
282.652 |
295.511 |
2020 |
New Zealand |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
124.025 |
127.783 |
132.017 |
138.544 |
143.245 |
146.885 |
149.945 |
153.036 |
2020 |
New Zealand |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
51,622.072 |
49,559.029 |
51,705.412 |
52,867.701 |
52,988.801 |
53,196.087 |
53,578.536 |
54,067.675 |
2020 |
New Zealand |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
41,916.865 |
40,241.685 |
41,984.537 |
42,928.310 |
43,026.642 |
43,194.958 |
43,505.504 |
43,902.683 |
2020 |
New Zealand |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
64,024.390 |
63,328.025 |
68,259.816 |
73,245.174 |
75,903.862 |
78,136.829 |
80,338.354 |
82,743.143 |
2020 |
New Zealand |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
42,210.227 |
41,164.576 |
48,348.994 |
51,706.900 |
53,795.620 |
55,273.038 |
56,739.214 |
58,293.297 |
2020 |
New Zealand |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
43,685.965 |
42,445.496 |
45,879.609 |
48,202.105 |
49,462.093 |
50,787.379 |
52,263.692 |
53,833.723 |
2020 |
New Zealand |
Output gap in percent of potential GDP |
Percent of potential GDP |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
0.577 |
-2.989 |
0.419 |
1.799 |
n/a |
n/a |
n/a |
n/a |
2020 |
New Zealand |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.161 |
0.164 |
0.162 |
0.160 |
0.157 |
0.155 |
0.153 |
0.152 |
2020 |
New Zealand |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
1.466 |
1.492 |
1.488 |
1.520 |
1.535 |
1.539 |
1.537 |
1.537 |
2020 |
New Zealand |
Total investment |
Percent of GDP |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020. Authorities' actual annual data are April/March recalculated using quarterly data as Jan/Dec
Notes: Starting with the April 2021 WEO, real GDP data and forecasts are reported on a production basis. Nominal GDP data are reported on expenditure basis.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Data refer to calendar years
Start/end months of reporting year: January/December
Base year: 2009. The base year is 2009Q2 to 2010Q1
Chain-weighted: Yes, from 1987
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
23.807 |
21.493 |
22.519 |
21.577 |
21.859 |
22.092 |
22.021 |
22.160 |
2020 |
New Zealand |
Gross national savings |
Percent of GDP |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020. Authorities' actual annual data are April/March recalculated using quarterly data as Jan/Dec
Notes: Starting with the April 2021 WEO, real GDP data and forecasts are reported on a production basis. Nominal GDP data are reported on expenditure basis.
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices. Data refer to calendar years
Start/end months of reporting year: January/December
Base year: 2009. The base year is 2009Q2 to 2010Q1
Chain-weighted: Yes, from 1987
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
20.887 |
20.667 |
19.226 |
19.051 |
19.251 |
19.230 |
19.061 |
19.046 |
2020 |
New Zealand |
Inflation, average consumer prices |
Index |
|
Source: IMF staff estimates. IMF staff estimates based on Statistics New Zealand data
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Quarterly
Base year: 2000. Source data are based June 2017=1000. We rebase them 2000=100
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
148.368 |
150.912 |
155.383 |
158.827 |
162.027 |
165.210 |
168.537 |
171.869 |
2020 |
New Zealand |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
1.620 |
1.715 |
2.962 |
2.217 |
2.015 |
1.964 |
2.014 |
1.977 |
2020 |
New Zealand |
Inflation, end of period consumer prices |
Index |
|
Source: IMF staff estimates. IMF staff estimates based on Statistics New Zealand data
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Quarterly
Base year: 2000. Source data are based June 2017=1000. We rebase them 2000=100
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
147.083 |
149.197 |
154.502 |
157.380 |
160.551 |
163.948 |
167.084 |
170.450 |
2020 |
New Zealand |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
1.854 |
1.437 |
3.556 |
1.863 |
2.015 |
2.116 |
1.913 |
2.015 |
2020 |
New Zealand |
Volume of imports of goods and services |
Percent change |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Base year: 2005. Source data are based on June 2002=1000. We rebase them 2005=100
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1987
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
2.078 |
-15.889 |
6.568 |
6.725 |
9.263 |
3.051 |
6.018 |
5.354 |
2020 |
New Zealand |
Volume of Imports of goods |
Percent change |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Base year: 2005. Source data are based on June 2002=1000. We rebase them 2005=100
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1987
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
0.705 |
-11.313 |
11.047 |
4.974 |
8.552 |
2.776 |
5.637 |
5.069 |
2020 |
New Zealand |
Volume of exports of goods and services |
Percent change |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Base year: 2005. Source data are based on June 2002=1000. We rebase them 2005=100
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1987
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
2.398 |
-12.822 |
-2.092 |
7.182 |
11.490 |
6.593 |
3.433 |
3.577 |
2020 |
New Zealand |
Volume of exports of goods |
Percent change |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Base year: 2005. Source data are based on June 2002=1000. We rebase them 2005=100
Methodology used to derive volumes: Deflation by survey-based price indexes
Formula used to derive volumes: Laspeyres-type
Chain-weighted: Yes, from 1987
Trade System: General trade
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
2.689 |
-2.835 |
4.543 |
6.443 |
10.400 |
5.768 |
3.697 |
3.394 |
2020 |
New Zealand |
Unemployment rate |
Percent of total labor force |
|
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Employment type: National definition. Data refer to calendar years
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
4.150 |
4.600 |
4.258 |
4.392 |
4.666 |
4.930 |
4.419 |
4.536 |
2020 |
New Zealand |
Employment |
Persons |
Millions |
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Employment type: National definition. Data refer to calendar years
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
2.696 |
2.730 |
2.769 |
2.801 |
n/a |
n/a |
n/a |
n/a |
2020 |
New Zealand |
Population |
Persons |
Millions |
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
4.986 |
5.087 |
5.122 |
5.176 |
5.249 |
5.328 |
5.408 |
5.489 |
2020 |
New Zealand |
General government revenue |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
116.536 |
119.836 |
126.721 |
135.495 |
143.599 |
149.905 |
156.424 |
163.456 |
2020 |
New Zealand |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
36.509 |
37.202 |
36.245 |
35.740 |
36.039 |
36.006 |
36.002 |
35.987 |
2020 |
New Zealand |
General government total expenditure |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
123.779 |
139.091 |
152.534 |
158.022 |
154.670 |
154.729 |
157.262 |
163.294 |
2020 |
New Zealand |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
38.778 |
43.180 |
43.628 |
41.681 |
38.817 |
37.165 |
36.195 |
35.952 |
2020 |
New Zealand |
General government net lending/borrowing |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
-7.243 |
-19.255 |
-25.813 |
-22.526 |
-11.071 |
-4.824 |
-0.838 |
0.162 |
2020 |
New Zealand |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
-2.269 |
-5.978 |
-7.383 |
-5.942 |
-2.778 |
-1.159 |
-0.193 |
0.036 |
2020 |
New Zealand |
General government structural balance |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
-5.754 |
-17.877 |
-26.591 |
-24.354 |
-12.972 |
-5.473 |
-1.113 |
0.085 |
2020 |
New Zealand |
General government structural balance |
Percent of potential GDP |
|
See notes for:
General government structural balance (National currency).
|
-1.813 |
-5.382 |
-7.635 |
-6.537 |
-3.287 |
-1.320 |
-0.256 |
0.019 |
2020 |
New Zealand |
General government primary net lending/borrowing |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
-5.259 |
-17.037 |
-23.201 |
-19.472 |
-7.684 |
-1.106 |
3.154 |
4.275 |
2020 |
New Zealand |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-1.647 |
-5.289 |
-6.636 |
-5.136 |
-1.928 |
-0.266 |
0.726 |
0.941 |
2020 |
New Zealand |
General government net debt |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
22.197 |
37.410 |
51.798 |
64.113 |
76.917 |
100.428 |
113.687 |
108.021 |
2020 |
New Zealand |
General government net debt |
Percent of GDP |
|
See notes for:
General government net debt (National currency).
|
6.954 |
11.614 |
14.815 |
16.911 |
19.304 |
24.122 |
26.166 |
23.782 |
2020 |
New Zealand |
General government gross debt |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
102.227 |
140.571 |
181.684 |
215.902 |
233.277 |
245.607 |
251.125 |
250.963 |
2020 |
New Zealand |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
32.026 |
43.640 |
51.966 |
56.948 |
58.545 |
58.993 |
57.798 |
55.253 |
2020 |
New Zealand |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Fiscal assumptions: Fiscal projections are based on Budget Economic and Fiscal Update 2021 and the IMF staff estimates
Start/end months of reporting year: January/December. Original reporting period July/June
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Accrual
General government includes: Central Government; Local Government;. Central government and local governments
Valuation of public debt: Current market value
Instruments included in gross and net debt: Currency and Deposits; Securities Other than Shares; Loans; Shares and Other Equity
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
319.200 |
322.118 |
349.622 |
379.119 |
398.457 |
416.333 |
434.486 |
454.205 |
2020 |
New Zealand |
Current account balance |
U.S. dollars |
Billions |
Source: National Statistics Office. Statistics New Zealand
Latest actual data: 2020
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: New Zealand dollar
Data last updated: 09/2021
|
-6.147 |
-1.730 |
-8.155 |
-6.762 |
-7.367 |
-8.428 |
-9.086 |
-9.968 |
2020 |
New Zealand |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
-2.921 |
-0.826 |
-3.293 |
-2.526 |
-2.609 |
-2.862 |
-2.961 |
-3.115 |
2020 |