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 |
|
|
1.0963 -93 pips |
1.1064 -8 pips |
1.10558 | |
| EURNZD |
|
|
1.8048 -389 pips |
1.8357 +80 pips |
1.84367 | |
| NZDCAD |
|
|
0.8177 +50 pips |
0.8217 -90 pips |
0.81270 | |
| NZDJPY |
|
|
87.1412 -129 pips |
90.7703 -234 pips |
88.433 | |
| NZDUSD |
|
|
0.5818 +160 pips |
0.5940 -282 pips |
0.56576 | |
| GBPNZD |
|
|
2.1722 -503 pips |
2.1059 +1166 pips |
2.22253 | |
| NZDCHF |
|
|
0.5157 +105 pips |
0.5229 -177 pips |
0.50520 |
News (NZD)
New Zealand Has NZ$437 Million Trade Shortfall In November
New Zealand posted a merchandise trade deficit of NZ$437 million in November, Statistics New Zealand said on Friday.
RTTNews | 2 days ago
New Zealand GDP Falls 1.0% In Q3
New Zealand's gross domestic product contracted a seasonally adjusted 1.0 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Thursday.
RTTNews | 3 days ago
New Zealand Has NZ$6.2 Billion Current Account Deficit In Q3
New Zealand posted a seasonally adjusted current account deficit of NZ$6.2 billion in the third quarter of 2024, Statistics New Zealand said on Wednesday.
RTTNews | 4 days ago
