0.8%: New Zealand’s Gross Domestic Product grows less than expected in Q1

New Zealand's Gross Domestic Product (GDP) grew by 0.8% QoQ in the first quarter (Q1) of 2026, compared with a 0.5% expansion (revised from 0.2%) in the fourth quarter of 2025, Statistics New Zealand showed on Thursday. This reading came in weaker than the expectation of a rise of 0.9%.

The first-quarter GDP expanded by 1.5% YoY, compared with a rise of 1.5% (revised from 1.3%) in Q4 of 2025, while beating the estimation of a 1.1% growth.