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.

Category:  GDP Growth Rate
Units:  Percent
Details
Impact: Medium
Country:
Currency: NZD
Latest Release
Previous: 0.5%
Consensus: 0.7%
Actual: 0.8%
Next Release
Date: Sep 17, 22:45
Time left: 2 days
Consensus: -0.3%

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
1.1032
-136 pips
1.1063
+105 pips
1.11678
Symbol Action Percentage Volume Positions
AUDNZD Short 96% 8525.05 lots 29420
Long 4% 394.85 lots 1742
12% of traders are currently trading AUDNZD.
EURNZD
1.8942
-752 pips
1.9762
-68 pips
1.96944
Symbol Action Percentage Volume Positions
EURNZD Short 46% 358.00 lots 2386
Long 54% 415.35 lots 1531
3% of traders are currently trading EURNZD.
NZDCAD
0.8188
-52 pips
0.8286
-46 pips
0.82397
Symbol Action Percentage Volume Positions
NZDCAD Short 92% 5157.26 lots 20843
Long 8% 434.58 lots 3880
13% of traders are currently trading NZDCAD.
NZDJPY
86.9220
-95 pips
88.8886
-102 pips
87.869
Symbol Action Percentage Volume Positions
NZDJPY Short 87% 493.66 lots 2454
Long 13% 75.43 lots 755
3% of traders are currently trading NZDJPY.
NZDUSD
0.5890
-62 pips
0.6017
-65 pips
0.59525
Symbol Action Percentage Volume Positions
NZDUSD Short 68% 1134.99 lots 4985
Long 32% 536.73 lots 2691
8% of traders are currently trading NZDUSD.
GBPNZD
2.2498
-266 pips
2.2393
+371 pips
2.27644
Symbol Action Percentage Volume Positions
GBPNZD Short 49% 305.57 lots 1833
Long 51% 322.87 lots 2151
2% of traders are currently trading GBPNZD.
NZDCHF
0.4758
+16 pips
0.4999
-257 pips
0.47419
Symbol Action Percentage Volume Positions
NZDCHF Short 25% 180.58 lots 1373
Long 75% 551.52 lots 3350
4% of traders are currently trading NZDCHF.