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GDP Growth in New Zealand

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

New Zealand's GDP growth amounted to 2.22 % in 2019 according to the the National Statistical Office. This is 0.9899999999999998 % less than in the previous year (3.21 %).

Historically, GDP growth in New Zealand reached an all time high of 7.17 % in 1973 and an all time low of -2.74 % in 1977. When compared to New Zealand's main peers, GDP growth in Australia amounted to 1.84 %, 5.03 % in Indonesia, 4.30 % in Malaysia and 6.04 % in Philippines in 2019.

New Zealand has been ranked 96th within the group of 174 countries we follow in terms of GDP growth, 7 places behind the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.

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