The United States and New Zealand have had a bilateral Trade and Investment Framework Agreement in place since 1992. Exports of goods and services account for around one third of real expenditure GDP. Data is the fuel of the new economy, and even more so of the economy to come. 1960 1970 1980 1990 2000 2010 USD 0 USD 10K USD 20K USD 30K USD 40K USD 50K. We provide guidance on statistical analyses about New Zealand's merchandise trade, services trade and investment flows. New Zealand will therefore reopen for good once the local population has hit some of the stiffest vaccination targets set anywhere in the world. New Zealand has one of the highest labour participation rates in the OECD, at just over 70% of the working age population. For comparison, the world average in 2020 based on 195 countries is 3 points. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . New Zealand's unemployment rate in the March 2020 quarter was 4.2%. This was down from a high of $282 million in 2019. Retail spending contributed to GDP growth. Which economy did better year-over-year (YOY) in the fourth quarter of 2018 compared to the . New Zealand Economy Data Sample Report 5 years of New Zealand economic forecasts for more than 30 economic indicators. FRED: Download, graph, and track economic data. A Closer Look. Category: Countries > New Zealand, 446 economic data series, FRED: Download, graph, and track economic data. World Economics makes available of world's most comprehensive GDP database covering over 130 countries with historical GDP PPP data from 1870-2020, building on the lifetimes work of Angus Maddison. New Zealand exports of non-alcoholic beverages in 2020 totalled $267 million. The Land of the Long White Cloud: Turning New Zealand's Recovery into Sustained Growth. New Zealand was expected to become the first advanced economy to raise interest rates, but the central bank left rates unchanged one Covid case was detected. Published by Thomas Hinton , Feb 2, 2018. New Zealand has enjoyed a rapid economic recovery from the COVID-19 crisis, helped by strong health and economic policy responses. Our latest assessment of New Zealand's economy looks at strategies to support near- and medium-term growth. Polynesian settlers may have arrived in New Zealand in the late 1200s, with widespread settlement in the mid-1300s. † We would like to thank Andrew Coleman at Motu for compiling the house prices series. A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex . The Calendar data are provided as is. Soft drinks were the largest category. Seasonally Adjusted. Inclusive economic growth is an important agenda item under New Zealand's leadership of APEC this year as its member economies join, work and grow, together to build back better. But now here we sit, back in Level 4 lockdown. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor . The data allows us to compare and contrast the various recessions. The dashed line shows the forecast values of the economic indicator for the specified dates. New Zealand has a large GDP for its population of 5 million, and sources of revenue are spread throughout the large island nation. our economic relationship with the rest of the world. Services powered the stellar quarterly performance, with notable gains coming from accommodation and food services. Previews and reviews of important economic events and data. We can also help with preparing concise briefings on the New Zealand economy and global economic issues. COVID-19 economic commentary. We have lift-off - November 2021 Rapid escalation - August 2021 Reshaping the world - May 2021 View older reports. 1 To prepare this article, we have collected economic data from a variety of sources. Population. The economy has rebounded more strongly than expected as strong domestic spending and building offset the loss of international tourism. In October, imports were worth NZ$6.64 billion and exports were worth NZ$5.35 billion for a trade deficit of NZ$1.286 billion. Its overall score has decreased by 0.2 point, primarily because of small declines in property. New Zealand Sectors Dashboard. Trade and Economic Research. Portugal 18. Figure 2. Mexico 19. Find Data . Data driven innovation represents a multi-billion dollar opportunity for the New Zealand economy. None. New Zealand's economic freedom score is 83.9, making its economy the 2nd freest in the 2021 Index. 400 economic data series with tags: New Zealand, SA. Statistical tables for a range of economic and financial data produced by the Reserve Bank and other organisations. New Zealand Indicators Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. 4,979,300. It brings together a range of economic datasets we produce jointly with Statistics New Zealand into one easy-to-use tool. GDP. New Zealand Demographic data as of July 1, 2021, economic data for 2020 Print Share. GDP growth (annual %) - New Zealand. Quarterly update and forecasts for the New Zealand and international economy. Children per woman. They called the land Aotearoa, which legend holds is the name of the canoe that Kupe, the first Polynesian in New Zealand, used to sail to the country; the name Aotearoa is now in widespread use as the local Maori name for the country. We can also help with preparing concise briefings on the New Zealand economy and global economic issues. New Zealand gdp for 2019 was $209.13B, a 0.12% increase from 2018. GDP Per Capita. New Zealand GDP and Economic Data Includes New Zealand real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. New Zealand has a market economy, and the service sector makes up a large portion of the GDP. We update it about 4 times a year. This 2013 research paper describes the construction and initial assessment of the New Zealand socio-economic index 2013 (NZSEI-13), which is an update of the New Zealand socio-economic index (NZSEI) using 2013 Census data. the New Zealand economy over the next year or two. Goods exported from U.S. Goods imported to U.S. Change in exports from U.S. for 2011 to 2020. And it was spectacular - GDP grew 1.6% in Q1, exceeding pre-pandemic levels, unemployment fell from 5.3% to a post-2008 low of 4%, wage inflation was building, and the RBNZ's sectoral factor model of core inflation had risen above 2% for the first time since the GFC. New Zealand has an open economy that works on free market principles. According to New Zealand government data, the United States is New Zealand's third largest source of FDI (after Australia and Hong Kong). $209 billion. The latest Tourism Satellite Account figures reinforced tourism's importance to . Ireland 16. And we work with Statistics New Zealand on trade data. New Zealand. Ongoing implementation of the government's new well-being approach to policy making will offer further opportunities to create a more sustainable and inclusive economy. FRED: Download, graph, and track economic data. 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