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
1.0958
-49 pips
1.1038
-31 pips
1.10072
Symbol Action Percentage Volume Positions
AUDNZD Short 78% 3046.50 lots 20313
Long 22% 851.60 lots 6153
15% of traders are currently trading AUDNZD.
EURNZD
1.8414
-464 pips
1.8950
-72 pips
1.88775
Symbol Action Percentage Volume Positions
EURNZD Short 75% 583.40 lots 3246
Long 25% 192.02 lots 914
2% of traders are currently trading EURNZD.
NZDCAD
0.8157
-20 pips
0.8235
-58 pips
0.81771
Symbol Action Percentage Volume Positions
NZDCAD Short 34% 562.70 lots 4706
Long 66% 1088.19 lots 10536
11% of traders are currently trading NZDCAD.
NZDJPY
84.8955
-81 pips
88.0181
-231 pips
85.707
Symbol Action Percentage Volume Positions
NZDJPY Short 31% 93.01 lots 767
Long 69% 203.30 lots 1575
1% of traders are currently trading NZDJPY.
NZDUSD
0.5707
-14 pips
0.5904
-183 pips
0.57206
Symbol Action Percentage Volume Positions
NZDUSD Short 18% 646.21 lots 2303
Long 82% 3042.41 lots 12281
8% of traders are currently trading NZDUSD.
GBPNZD
2.2067
-531 pips
2.1779
+819 pips
2.25979
Symbol Action Percentage Volume Positions
GBPNZD Short 81% 570.63 lots 2201
Long 19% 130.41 lots 1043
2% of traders are currently trading GBPNZD.
NZDCHF
0.5079
+27 pips
0.5211
-159 pips
0.50519
Symbol Action Percentage Volume Positions
NZDCHF Short 10% 79.20 lots 767
Long 90% 681.81 lots 6167
6% of traders are currently trading NZDCHF.