Economic growth, percent change in quarterly real GDP in New Zealand, June, 2020
The latest data from Q2 2020 show economic growth of -12.4 percent,
which is a decrease from the rate of growth of -0.1 percent in the previous quarter and
a decrease compared to the growth rate of 2.1 percent in the same quarter last year.
The economic growth time series for New Zealand cover the period from Q2 1987 to Q2 2020.
During that time span, the average growth rate for New Zealand was
2.44 percent. The lowest rate of growth of -12.4 percent was recorded in Q2 2020 while the highest growth rate was 7.3 percent in Q3 1993.
See more information about that indicator and compare to other countries on our Economic growth page
* indicates monthly or quarterly data series
Source: Statistics New Zealand
Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.