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
1.0888
-25 pips
1.0965
-52 pips
1.09134
Symbol Action Percentage Volume Positions
AUDNZD Short 23% 878.55 lots 5959
Long 77% 2872.76 lots 26510
13% of traders are currently trading AUDNZD.
EURNZD
1.8418
-653 pips
1.8898
+173 pips
1.90706
Symbol Action Percentage Volume Positions
EURNZD Short 87% 542.52 lots 3253
Long 13% 77.92 lots 513
2% of traders are currently trading EURNZD.
NZDCAD
0.8181
-38 pips
0.8292
-73 pips
0.82188
Symbol Action Percentage Volume Positions
NZDCAD Short 60% 868.96 lots 9828
Long 40% 580.40 lots 5106
11% of traders are currently trading NZDCAD.
NZDJPY
84.6608
-57 pips
88.6118
-338 pips
85.227
Symbol Action Percentage Volume Positions
NZDJPY Short 27% 60.28 lots 610
Long 73% 164.24 lots 1229
1% of traders are currently trading NZDJPY.
NZDUSD
0.5748
-76 pips
0.5932
-108 pips
0.58236
Symbol Action Percentage Volume Positions
NZDUSD Short 28% 1012.45 lots 4081
Long 72% 2574.31 lots 10646
8% of traders are currently trading NZDUSD.
GBPNZD
2.2051
-605 pips
2.1360
+1296 pips
2.26565
Symbol Action Percentage Volume Positions
GBPNZD Short 87% 490.87 lots 2090
Long 13% 73.91 lots 707
1% of traders are currently trading GBPNZD.
NZDCHF
0.5118
+106 pips
0.5209
-197 pips
0.50121
Symbol Action Percentage Volume Positions
NZDCHF Short 5% 33.26 lots 447
Long 95% 620.48 lots 5991
5% of traders are currently trading NZDCHF.