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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.
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 |
|
|
1.0888 -25 pips |
1.0965 -52 pips |
1.09134 | |
| EURNZD |
|
|
1.8418 -653 pips |
1.8898 +173 pips |
1.90706 | |
| NZDCAD |
|
|
0.8181 -38 pips |
0.8292 -73 pips |
0.82188 | |
| NZDJPY |
|
|
84.6608 -57 pips |
88.6118 -338 pips |
85.227 | |
| NZDUSD |
|
|
0.5748 -76 pips |
0.5932 -108 pips |
0.58236 | |
| GBPNZD |
|
|
2.2051 -605 pips |
2.1360 +1296 pips |
2.26565 | |
| NZDCHF |
|
|
0.5118 +106 pips |
0.5209 -197 pips |
0.50121 |
News (NZD)
New Zealand February Trade Surplus NZ$510 Million
New Zealand posted a merchandise trade surplus of NZ$510 million in February, Statistics New Zealand said on Friday.
RTTNews | 13 days ago
New Zealand GDP Gains 0.7% In Q4
New Zealand's gross domestic product expanded a seasonally adjusted 0.7 percent on quarter in the fourth quarter of 2024, Statistics New Zealand said on Thursday.
RTTNews | 14 days ago
New Zealand Q4 Current Account Deficit NZ$5.9 Billion
New Zealand posted a seasonally adjusted current account deficit of NZ$5.9 billion in the fourth quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 15 days ago
