YoY Change in Quarterly GDP in New Zealand
New Zealand| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year change in quarterly Gross Domestic Product (GDP) measures how much the total economic activity in New Zealand has changed in a given quarter compared to the same quarter of the previous year. This data, released quarterly by Statistics New Zealand, is crucial for assessing the health and growth of the economy.
Year-on-year data helps understand long-term economic trends. An increase in GDP indicates economic expansion, suggesting that business production activities and consumer purchasing power are improving. Conversely, a decrease in GDP indicates economic stagnation or contraction, suggesting that business production activities and consumer spending are declining.
This data is a vital resource for policymakers to evaluate the health of the economy and formulate appropriate monetary and fiscal policies. Additionally, it serves as an important source of information for businesses and investors to understand economic trends and make forecasts.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
