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New Zealand GDP Growth Rate QoQ
Heavily reliant on foreign trade, New Zealand has a sophisticated market economy. The country has a tight relationship with Australia, which is the country's largest importer of kiwi products, as well as a supplier and investor. The tourism industry and agricultural exports are the two most developed industries in New Zealand, and they are the primary drivers of the country's economic development. A large portion of the economy is devoted to services, which account for 75% of total GDP. These services include financial, insurance, and business services (30%), personal and community services (13%), transportation and communication services (11%). In terms of GDP, industry accounts for 17%, with manufacturing accounting for 13% and construction accounting for 4%. The remaining 8% is composed of industries like agriculture, fishing, forestry, and mining.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.
Forex Sentiment (NZD)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| AUDNZD |
|
|
1.0844 -57 pips |
1.0910 -9 pips |
1.09008 | |
| EURNZD |
|
|
1.8911 -621 pips |
1.9478 +54 pips |
1.95322 | |
| NZDCAD |
|
|
0.8126 -84 pips |
0.8276 -66 pips |
0.82099 | |
| NZDJPY |
|
|
86.5328 -124 pips |
89.0289 -125 pips |
87.777 | |
| NZDUSD |
|
|
0.5900 -94 pips |
0.6070 -76 pips |
0.59936 | |
| GBPNZD |
|
|
2.2185 -477 pips |
2.1224 +1438 pips |
2.26618 | |
| NZDCHF |
|
|
0.4939 +171 pips |
0.5022 -254 pips |
0.47681 |
News (NZD)
New Zealand Holds Key Rate As Expected
The Reserve Bank of New Zealand left its benchmark interest rate unchanged on Wednesday citing elevated level of uncertainty and near-term risks to inflation. The Monetary Policy Committee, governed by Christian Hawkesby, decided to hold the Official Cash Rate at 3.25 percent. The bank has paused the easing cycle for the first time since it started cutting rates in August 2024.
RTTNews | 11h 12min ago
New Zealand Building Permits Jump 10%In May
The number of building permits issued in New Zealand was up a seasonally adjusted 10 percent on month in June, Statistics New Zealand said on Tuesday - coming in at 3,151.
RTTNews | 8 days ago
New Zealand GDP Expands 0.8% In Q1
New Zealand's gross domestic product expanded by a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Thursday.
RTTNews | 20 days ago
