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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 transparent
Currency NZD
Latest Release
Previous 1.4%
Consensus 1.3%
Actual 2.8%
Next Release
Date Dec 18, 19:45
Time left 88 days
Consensus 1%

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
1.0335
-15 pips
1.0479
-129 pips
1.03503
Symbol Action Percentage Volume Positions
AUDNZD Short 14% 399.41 lots 2152
Long 86% 2394.04 lots 8990
8% of traders are currently trading AUDNZD.
EURNZD
1.6670
-37 pips
1.6841
-134 pips
1.67072
Symbol Action Percentage Volume Positions
EURNZD Short 32% 247.32 lots 1133
Long 68% 520.21 lots 2650
3% of traders are currently trading EURNZD.
NZDCAD
0.8904
-66 pips
0.8994
-24 pips
0.89699
Symbol Action Percentage Volume Positions
NZDCAD Short 88% 1783.03 lots 5582
Long 12% 249.68 lots 1035
5% of traders are currently trading NZDCAD.
NZDJPY
75.5938
-136 pips
77.6153
-66 pips
76.955
Symbol Action Percentage Volume Positions
NZDJPY Short 45% 346.51 lots 1457
Long 55% 424.85 lots 1662
3% of traders are currently trading NZDJPY.
NZDUSD
0.6862
-160 pips
0.7074
-52 pips
0.70215
Symbol Action Percentage Volume Positions
NZDUSD Short 46% 892.87 lots 3768
Long 54% 1052.74 lots 4603
7% of traders are currently trading NZDUSD.
GBPNZD
1.9379
-85 pips
1.9676
-212 pips
1.94644
Symbol Action Percentage Volume Positions
GBPNZD Short 14% 149.86 lots 854
Long 86% 899.82 lots 3356
3% of traders are currently trading GBPNZD.
NZDCHF
0.6427
-85 pips
0.6563
-51 pips
0.65122
Symbol Action Percentage Volume Positions
NZDCHF Short 81% 552.58 lots 2339
Long 19% 131.54 lots 913
3% of traders are currently trading NZDCHF.