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: -1.1%
Consensus: 0.4%
Actual: 0.7%
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
1.0881
-57 pips
1.0972
-34 pips
1.09382
Symbol Action Percentage Volume Positions
AUDNZD Short 25% 863.77 lots 4682
Long 75% 2607.55 lots 22707
13% of traders are currently trading AUDNZD.
EURNZD
1.8422
-615 pips
1.8891
+146 pips
1.90370
Symbol Action Percentage Volume Positions
EURNZD Short 87% 549.86 lots 3289
Long 13% 81.61 lots 543
2% of traders are currently trading EURNZD.
NZDCAD
0.8165
+2 pips
0.8279
-116 pips
0.81626
Symbol Action Percentage Volume Positions
NZDCAD Short 51% 671.09 lots 4499
Long 49% 635.39 lots 5266
10% of traders are currently trading NZDCAD.
NZDJPY
84.6148
+16 pips
88.6340
-418 pips
84.456
Symbol Action Percentage Volume Positions
NZDJPY Short 27% 56.25 lots 513
Long 73% 154.32 lots 1224
1% of traders are currently trading NZDJPY.
NZDUSD
0.5722
-8 pips
0.5922
-192 pips
0.57300
Symbol Action Percentage Volume Positions
NZDUSD Short 18% 644.18 lots 2462
Long 82% 2843.08 lots 11243
8% of traders are currently trading NZDUSD.
GBPNZD
2.2072
-725 pips
2.1198
+1599 pips
2.27974
Symbol Action Percentage Volume Positions
GBPNZD Short 84% 491.29 lots 2158
Long 16% 93.49 lots 632
1% of traders are currently trading GBPNZD.
NZDCHF
0.5108
+91 pips
0.5212
-195 pips
0.50172
Symbol Action Percentage Volume Positions
NZDCHF Short 7% 47.08 lots 531
Long 93% 608.34 lots 5909
5% of traders are currently trading NZDCHF.