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Gross Domestic Product (QoQ)

The Gross Domestic Product (GDP), released by Statistics New Zealand, highlights the overall economic performance on a quarterly basis. The gauge has a significant influence on the Reserve Bank of New Zealand’s (RBNZ) monetary policy decision, in turn affecting the New Zealand dollar. A rise in the GDP rate signifies improvement in the economic conditions, which calls for tighter monetary policy, while a drop suggests deterioration in the activity. An above-forecast GDP reading is seen as NZD bullish.

Most recent - Wednesday 20 September 2023 22:45

Previous
-0.1%
Revised
0%
Forecast
0.5%
Actual
0.9%

Higher numbers than forecast tend to be bullish for NZD/xxx pairs and bearish for xxx/NZD pairs.

Next event - Wednesday 13 December 2023 21:45

Previous
0.9%
Forecast
-
Actual
-

The typical/expected impact on NZD pairs is high.

There is no forecast value for Gross Domestic Product (QoQ) yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Gross Domestic Product (QoQ) was 0.9% against a forecast of 0.5%.

Past events

Date
Forecast
Actual
Wednesday 20 September 2023 22:45
0.5%
0.9%
Wednesday 14 June 2023 22:45
-0.1%
-0.1%
Wednesday 15 March 2023 21:45
-0.2%
-0.6%
Wednesday 14 December 2022 21:45
0.9%
2%
Wednesday 14 September 2022 22:45
1%
1.7%
Wednesday 15 June 2022 22:45
0.6%
-0.2%
Wednesday 16 March 2022 21:45
3.2%
3%
Wednesday 15 December 2021 21:45
-4.5%
-3.7%
Wednesday 15 September 2021 22:45
1.3%
2.8%
Wednesday 16 June 2021 22:45
0.5%
1.6%
Wednesday 17 March 2021 21:45
0.1%
-1%
Wednesday 16 December 2020 21:45
13.5%
14%

Economic context

Recent economic data has been strongly bullish for NZD. Other recent announcements which may affect the market's interpretation of the next Gross Domestic Product (QoQ) result:

PreviousLatest
Building Permits s.a. (MoM)Bullish change-4.6%8.7%
RBNZ Interest Rate Decision(no change)5.5%5.5%
Retail Sales (QoQ)Bullish change-0.9%0%
Retail Sales ex Autos (QoQ)Bullish change-1.6%1%
ExportsBullish change$4.77B$5.4B
ImportsBearish change$7.19B$7.11B
Trade Balance NZD (YoY)Bullish change$-15.41B$-14.81B

About Gross Domestic Product (QoQ)

Country:New Zealand
Currency:NZD
Source:Stats NZ
Category:Economic Activity
Frequency:Quarterly

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