Output gap as a percentage of potential GDP reached 0.358 % in 2019 in New Zealand, according to the National Statistical Office. This is 54.9 % less than in the previous year.
Historically, output gap as a percentage of potential GDP in New Zealand reached an all time high of 3.56 % in 2007 and an all time low of -2.61 % in 2011.
New Zealand has been ranked 15th within the group of 27 countries we follow in terms of output gap as a percentage of potential GDP, 6 places behind the position seen 10 years ago.
The output gap (or the GDP gap) is the difference between actual GDP or actual output and potential GDP.