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.

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
No data

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
Symbol Action Percentage Volume Positions
AUDNZD Short 51% 3186.77 lots 13635
Long 49% 3085.80 lots 8747
17% of traders are currently trading AUDNZD.
EURNZD
1.8911
-621 pips
1.9478
+54 pips
1.95322
Symbol Action Percentage Volume Positions
EURNZD Short 89% 517.52 lots 2946
Long 11% 61.98 lots 414
3% of traders are currently trading EURNZD.
NZDCAD
0.8126
-84 pips
0.8276
-66 pips
0.82099
Symbol Action Percentage Volume Positions
NZDCAD Short 39% 828.23 lots 4219
Long 61% 1315.71 lots 8582
9% of traders are currently trading NZDCAD.
NZDJPY
86.5328
-124 pips
89.0289
-125 pips
87.777
Symbol Action Percentage Volume Positions
NZDJPY Short 83% 318.58 lots 989
Long 17% 67.32 lots 785
1% of traders are currently trading NZDJPY.
NZDUSD
0.5900
-94 pips
0.6070
-76 pips
0.59936
Symbol Action Percentage Volume Positions
NZDUSD Short 39% 531.32 lots 2278
Long 61% 836.29 lots 4634
8% of traders are currently trading NZDUSD.
GBPNZD
2.2185
-477 pips
2.1224
+1438 pips
2.26618
Symbol Action Percentage Volume Positions
GBPNZD Short 80% 180.97 lots 1182
Long 20% 46.28 lots 638
1% of traders are currently trading GBPNZD.
NZDCHF
0.4939
+171 pips
0.5022
-254 pips
0.47681
Symbol Action Percentage Volume Positions
NZDCHF Short 9% 53.38 lots 441
Long 91% 571.53 lots 3932
4% of traders are currently trading NZDCHF.