New Zealand GDP Growth Rate (2026)
New Zealand has a developed economy supported by services, agriculture, tourism, construction, trade, and household consumption. This page explores its GDP growth trend, historical performance, regional comparison, and outlook.
GDP Growth Rate 2026
+2.1%
Annual real GDP growth
World Rank
#133
Out of 195 countries
Change vs 2025
+1.9 pp
2025: +0.2%
Oceania Rank
#11
Out of 14 countries
1. New Zealand GDP Growth Rate in 2026
New Zealand’s economic growth is influenced by consumer demand, housing, tourism, agriculture, exports, and interest rates. Commodity prices and Asian demand also remain important.
2. New Zealand GDP Growth Rate Trends (1980–2026)
The country’s growth history has been shaped by population trends, agricultural exports, tourism, housing cycles, and investment. External demand has consistently influenced economic performance.
3. New Zealand GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +2.1% | +1.9 pp |
| 2025 | +0.2% | +0.5 pp |
| 2024 | -0.3% | -2.5 pp |
| 2023 | +2.2% | -0.4 pp |
| 2022 | +2.6% | -2.9 pp |
| 2021 | +5.5% | +6.7 pp |
| 2020 | -1.2% | -4.2 pp |
| 2019 | +3.0% | -0.3 pp |
| 2018 | +3.3% | 0.0 pp |
| 2017 | +3.3% | -0.7 pp |
| 2016 | +4.0% | +0.4 pp |
| 2015 | +3.6% | -0.2 pp |
| 2014 | +3.8% | +1.7 pp |
| 2013 | +2.1% | -0.4 pp |
| 2012 | +2.5% | +0.8 pp |
| 2011 | +1.7% | 0.0 pp |
| 2010 | +1.7% | +2.8 pp |
| 2009 | -1.1% | -0.9 pp |
| 2008 | -0.2% | -3.7 pp |
| 2007 | +3.5% | +0.7 pp |
| 2006 | +2.8% | -0.4 pp |
| 2005 | +3.2% | -1.6 pp |
| 2004 | +4.8% | +0.4 pp |
| 2003 | +4.4% | -0.3 pp |
| 2002 | +4.7% | +2.2 pp |
| 2001 | +2.5% | -1.7 pp |
| 2000 | +4.2% | -0.3 pp |
| 1999 | +4.5% | +4.1 pp |
| 1998 | +0.4% | -2.0 pp |
| 1997 | +2.4% | -1.7 pp |
| 1996 | +4.1% | -0.8 pp |
| 1995 | +4.9% | -0.7 pp |
| 1994 | +5.6% | +0.4 pp |
| 1993 | +5.2% | +4.5 pp |
| 1992 | +0.7% | +2.0 pp |
| 1991 | -1.3% | -1.3 pp |
| 1990 | 0.0% | -0.4 pp |
| 1989 | +0.4% | -0.2 pp |
| 1988 | +0.6% | -1.8 pp |
| 1987 | +2.4% | +0.6 pp |
| 1986 | +1.8% | +0.6 pp |
| 1985 | +1.2% | -5.7 pp |
| 1984 | +6.9% | +7.0 pp |
| 1983 | -0.1% | -3.0 pp |
| 1982 | +2.9% | -0.1 pp |
| 1981 | +3.0% | +2.0 pp |
| 1980 | +1.0% | — |
4. New Zealand GDP Growth Performance
Current Growth Rate
+2.1%
(2026 to 2026)
5-Year Average
+1.4%
(2022 to 2026)
10-Year Average
+2.1%
(2017 to 2026)
20-Year Average
+2.1%
(2007 to 2026)
The economy benefits from strong institutions and competitive agricultural exports, but high borrowing costs and housing pressures can weaken domestic demand.
5. New Zealand GDP Growth Rate vs Oceania and World
New Zealand
+2.1%
Oceania Average
+2.7%
World Average
+2.8%
0.0%
1.4%
2.8%
Annual real GDP growth (%)
New Zealand’s GDP growth rate is approximately
0.6 pp
below the
Oceania average
and
0.7 pp
below the world average.
6. New Zealand GDP Growth Rate Ranking in Oceania
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #6 | Kiribati | +3.1% |
| #7 | Solomon Islands | +2.8% |
| #8 | Tuvalu | +2.5% |
| #9 | Fiji | +2.4% |
| #10 | Tonga | +2.3% |
| #11 | Nauru | +2.1% |
| #12 | New Zealand | +2.1% |
| #13 | Australia | +2.0% |
| #14 | Micronesia | +0.7% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in New Zealand
New Zealand GDP (Nominal)
$278.6 Billion
(2026)
New Zealand GDP Growth Rate
+2.1%
(2026)
New Zealand generally grows at a moderate pace similar to other advanced economies. Its small size and trade exposure make agricultural and regional demand especially important.
Explore more:
New Zealand GDP
9. New Zealand GDP Growth Rate Forecast
The outlook depends on household demand, tourism, agriculture, housing, and financial conditions. Weak external demand and high household debt remain key risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +2.4% | +0.3 pp |
| 2028 | +2.4% | 0.0 pp |
| 2029 | +2.3% | -0.1 pp |
| 2030 | +2.2% | -0.1 pp |
10. New Zealand GDP Growth Rate: Key Findings
New Zealand GDP growth rate is estimated at +2.1% in 2026.
It ranks #133 globally and #11 in Oceania by annual GDP growth rate.
The growth rate accelerated by 1.9 percentage points compared with 2025.
The 5-year average GDP growth rate is +1.4%.
The 10-year average GDP growth rate is +2.1%.
The current rate is 0.6 percentage points below the Oceania average.
The current rate is 0.7 percentage points below the world average.
The forecast GDP growth rate is +2.2% in 2030, 0.1 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
September 2026
13. New Zealand GDP Growth Rate FAQs
New Zealand GDP growth rate is estimated at +2.1% in 2026.
New Zealand ranks #133 globally and #11 in Oceania by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +2.1% in 2026.
New Zealand GDP growth rate was +3.6% in 2015.
New Zealand GDP growth rate is 0.6 percentage points below the Oceania average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.