New Zealand GDP Deflator Growth
1988 - 2025 | Quarterly | % | CEIC Data
Key information about New Zealand GDP Deflator Growth
- New Zealand GDP deflator (implicit price deflator) increased 4.3 % in Jun 2025, compared with an increase of 4.3 % in the previous quarter.
- New Zealand GDP Deflator Growth data is updated quarterly, available from Jun 1988 to Jun 2025, with an average rate of 4.1 %.
- The data reached an all-time high of 8.5 % in Sep 1988 and a record low of -2.0 % in Dec 2014.
CEIC calculates GDP Deflator Growth from quarterly GDP Deflator. Stats NZ provides GDP Deflator, at chain linked 2009-2010 prices.
Related information about New Zealand GDP Deflator Growth
- In the latest reports, New Zealand GDP expanded 0.0 % YoY in Jun 2025.
- Its Nominal GDP reached 65.7 USD bn in Jun 2025.
- New Zealand GDP Per Capita reached 48,319.5 USD in Mar 2025.
- Its Gross Savings Rate was measured at 20.7 % in Jun 2025.
View New Zealand's GDP Deflator Growth from Jun 1988 to Jun 2025 in the chart:
What was New Zealand's GDP Deflator Growth in Jun 2025?
New Zealand GDP deflator (implicit price deflator) increased 4.3 % in Jun 2025, compared with an increase of 4.3 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.3 Jun 2025 | 4.3 Mar 2025 | -2.0 Dec 2014 | 8.5 Sep 1988 | % | quarterly | Jun 1988 - Jun 2025 |
GDP Deflator Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 2.2 Jun 2025 | quarterly | Mar 1997 - Jun 2025 |
| Algeria (%) | 1.1 Jun 2025 | quarterly | Mar 2000 - Jun 2025 |
| Argentina (%) | 40.8 Jun 2025 | quarterly | Mar 2005 - Jun 2025 |
| Armenia (%) | 4.0 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Australia (%) | 2.2 Jun 2025 | quarterly | Sep 1960 - Jun 2025 |
| Austria (%) | 2.6 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Azerbaijan (%) | 1.3 Jun 2025 | quarterly | Mar 2002 - Jun 2025 |
| Bahrain (%) | -0.3 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Bangladesh (%) | 6.8 2025 | yearly | 2007 - 2025 |
| Belarus (%) | 13.1 Jun 2025 | quarterly | Mar 2006 - Jun 2025 |
| Belgium (%) | 2.2 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Bolivia (%) | 4.9 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
| Bosnia and Herzegovina (%) | 3.2 Jun 2025 | quarterly | Mar 2009 - Jun 2025 |
| Botswana (%) | 6.9 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Brazil (%) | 6.4 Jun 2025 | quarterly | Mar 1997 - Jun 2025 |
| Brunei (%) | -5.4 Jun 2025 | quarterly | Mar 2005 - Jun 2025 |
| Bulgaria (%) | 5.1 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Cambodia (%) | 2.2 2022 | yearly | 1994 - 2022 |
| Canada (%) | 2.5 Sep 2025 | quarterly | Mar 1962 - Sep 2025 |
| Chile (%) | 7.0 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| China (%) | -1.0 Sep 2025 | quarterly | Mar 1993 - Sep 2025 |
| Colombia (%) | 6.0 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Croatia (%) | 5.5 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Cyprus (%) | 0.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Czech Republic (%) | 3.3 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Denmark (%) | 0.1 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Ecuador (%) | 0.0 Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Egypt (%) | 18.4 Jun 2025 | quarterly | Sep 2002 - Jun 2025 |
| Estonia (%) | 3.1 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| European Union (%) | 2.7 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Finland (%) | 2.5 Sep 2025 | quarterly | Mar 1976 - Sep 2025 |
| France (%) | 0.9 Sep 2025 | quarterly | Mar 1950 - Sep 2025 |
| Georgia (%) | 4.2 Jun 2025 | quarterly | Mar 1998 - Jun 2025 |
| Germany (%) | 3.1 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Ghana (%) | 9.8 Sep 2025 | quarterly | Mar 2007 - Sep 2025 |
| Greece (%) | 3.4 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Hong Kong SAR, China (%) | 1.0 Sep 2025 | quarterly | Mar 1974 - Sep 2025 |
| Hungary (%) | 5.8 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Iceland (%) | 7.1 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| India (%) | 0.5 Sep 2025 | quarterly | Jun 2005 - Sep 2025 |
| Indonesia (%) | 2.3 Sep 2025 | quarterly | Mar 1994 - Sep 2025 |
| Iran (%) | 39.2 Jun 2025 | quarterly | Jun 1989 - Jun 2025 |
| Ireland (%) | 0.5 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Israel (%) | 1.3 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Italy (%) | 2.7 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| Ivory Coast (%) | 3.1 2024 | yearly | 1966 - 2024 |
| Japan (%) | 2.8 Sep 2025 | quarterly | Mar 1981 - Sep 2025 |
| Jordan (%) | 2.1 Jun 2025 | quarterly | Mar 1993 - Jun 2025 |
| Kazakhstan (%) | 10.3 Sep 2025 | quarterly | Mar 2004 - Sep 2025 |
| Kenya (%) | 6.0 Jun 2025 | quarterly | Mar 2010 - Jun 2025 |
| South Korea (%) | 2.8 Jun 2025 | quarterly | Mar 1961 - Jun 2025 |
| Kosovo (%) | 2.4 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Kuwait (%) | -9.3 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Kyrgyzstan (%) | 12.8 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Laos (%) | 17.4 2024 | yearly | 2003 - 2024 |
| Latvia (%) | 5.9 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Lebanon (%) | 321.8 2023 | yearly | 2012 - 2023 |
| Lithuania (%) | 4.0 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Luxembourg (%) | 2.6 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Macau SAR, China (%) | -1.5 Sep 2025 | quarterly | Mar 1999 - Sep 2025 |
| North Macedonia (%) | 4.2 Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Malawi (%) | 29.0 2023 | yearly | 2003 - 2023 |
| Malaysia (%) | 0.1 Sep 2025 | quarterly | Mar 1992 - Sep 2025 |
| Malta (%) | 2.6 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Mauritius (%) | 3.2 Mar 2025 | quarterly | Mar 2001 - Mar 2025 |
| Mexico (%) | 4.2 Sep 2025 | quarterly | Mar 1981 - Sep 2025 |
| Moldova (%) | 6.3 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Mongolia (%) | 1.2 Sep 2025 | quarterly | Mar 2001 - Sep 2025 |
| Montenegro (%) | 5.0 Jun 2025 | quarterly | Mar 2007 - Jun 2025 |
| Morocco (%) | 2.1 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Mozambique (%) | 6.5 2024 | yearly | 1992 - 2024 |
| Myanmar (%) | 7.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 2.4 2025 | yearly | 2002 - 2025 |
| Netherlands (%) | 3.6 Sep 2025 | quarterly | Mar 1997 - Sep 2025 |
| New Zealand (%) | 4.3 Jun 2025 | quarterly | Jun 1988 - Jun 2025 |
| Nigeria (%) | -55.7 Mar 2025 | quarterly | Mar 2011 - Mar 2025 |
| Norway (%) | -0.0 Sep 2025 | quarterly | Mar 1979 - Sep 2025 |
| Oman (%) | -0.7 2024 | yearly | 1999 - 2024 |
| Pakistan (%) | 4.3 2025 | yearly | 2001 - 2025 |
| Palestinian Territory (%) | -13.3 Jun 2025 | quarterly | Mar 2001 - Jun 2025 |
| Panama (%) | -0.2 Jun 2025 | quarterly | Mar 2008 - Jun 2025 |
| Paraguay (%) | 3.0 Jun 2025 | quarterly | Mar 1995 - Jun 2025 |
| Peru (%) | 3.9 Sep 2025 | quarterly | Mar 1991 - Sep 2025 |
| Philippines (%) | 0.8 Sep 2025 | quarterly | Mar 1982 - Sep 2025 |
| Poland (%) | 2.7 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Portugal (%) | 4.2 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Qatar (%) | -2.1 Jun 2025 | quarterly | Mar 2012 - Jun 2025 |
| Romania (%) | 4.5 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Russia (%) | 3.6 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Saudi Arabia (%) | -4.2 Jun 2025 | quarterly | Mar 2011 - Jun 2025 |
| Serbia (%) | 4.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Singapore (%) | -0.7 Sep 2025 | quarterly | Mar 1976 - Sep 2025 |
| Slovakia (%) | 3.7 Jun 2025 | quarterly | Mar 1996 - Jun 2025 |
| Slovenia (%) | 3.6 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| South Africa (%) | 1.7 Jun 2025 | quarterly | Mar 1961 - Jun 2025 |
| Spain (%) | 2.8 Sep 2025 | quarterly | Mar 1996 - Sep 2025 |
| Sri Lanka (%) | 4.9 Dec 2025 | quarterly | Mar 2011 - Dec 2025 |
| Sudan (%) | 146.2 2021 | yearly | 1983 - 2021 |
| Sweden (%) | 1.1 Sep 2025 | quarterly | Mar 1982 - Sep 2025 |
| Switzerland (%) | 0.1 Sep 2025 | quarterly | Mar 1981 - Sep 2025 |
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Learn more about what we doNew Zealand Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.2 Dec 2025 | quarterly | Dec 1999 - Dec 2025 |
| Consolidated Fiscal Balance (USD mn) | -770.083 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Tax Revenue (USD mn) | 79,994.882 2025 | yearly | 1999 - 2025 |
| Tax Revenue: % of GDP (%) | 30.5 2025 | yearly | 1999 - 2025 |
| National Government Debt (USD mn) | 123,654.9 Sep 2025 | quarterly | Dec 2006 - Sep 2025 |
| Government Debt: % of GDP (%) | 49.4 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| Forecast: Government Expenditure (NZD bn) | 204.048 2030 | yearly | 1985 - 2030 |
| Forecast: Government Net Debt (NZD bn) | 292.813 2030 | yearly | 1985 - 2030 |
| Forecast: Government Revenue (NZD bn) | 204.003 2030 | yearly | 1985 - 2030 |
| General Government: ytd: Borrowings: Gross Sovereign Issued Debt Excluding Reser... (NZD mn) | 219,606.789 Dec 2025 | quarterly | Dec 2006 - Dec 2025 |
| General Government: ytd: Expenses (NZD mn) | 87,970.000 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| General Government: ytd: Revenue (NZD mn) | 82,650.000 Dec 2025 | quarterly | Mar 1999 - Dec 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.751 2030 | yearly | 1980 - 2030 |
| Trade Balance (USD mn) | -154.7 Feb 2026 | monthly | Jan 1960 - Feb 2026 |
| Total Exports (USD mn) | 3,985.8 Feb 2026 | monthly | Jan 1957 - Feb 2026 |
| Total Exports Growth (%) | 0.4 Feb 2026 | monthly | Jan 1952 - Feb 2026 |
| Aluminum: Exports (USD th) | 748,011.388 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 141,065.733 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 300,779.899 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 4,140.5 Feb 2026 | monthly | Jan 1960 - Feb 2026 |
| Total Imports Growth (%) | 11.8 Feb 2026 | monthly | Jan 1961 - Feb 2026 |
| Imports: Medicament (USD th) | 1,026,250.125 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 436,775.230 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 505.305 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Total Imports from USA (USD mn) | 366.655 Feb 2026 | monthly | Jan 1981 - Feb 2026 |
| Total Exports to China (USD mn) | 987.853 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Total Imports from China (USD mn) | 1,018.746 Feb 2026 | monthly | Jul 1982 - Feb 2026 |
| Import Volume Index (Jun2002=1000) | 2,914.000 Dec 2025 | quarterly | Mar 1949 - Dec 2025 |
| Import Volume Index: sa (Jun2002=1000) | 2,788.000 Dec 2025 | quarterly | Jun 1990 - Dec 2025 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,461.000 Dec 2025 | quarterly | Mar 1951 - Dec 2025 |
| Export Volume Index: Exclude Re Export: sa (Jun2002=1000) | 1,440.000 Dec 2025 | quarterly | Jun 1990 - Dec 2025 |
| Exports: fob: Australia (NZD mn) | 866.449 Feb 2026 | monthly | Jan 1988 - Feb 2026 |
| Exports: fob: United States (NZD mn) | 840.914 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Exports: fob: China (NZD mn) | 1,728.190 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Exports: fob: Japan (NZD mn) | 257.283 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Exports: fob: United Kingdom (NZD mn) | 171.997 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Exports: fob: Australia: sa (NZD mn) | 861.058 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Exports: fob: China: sa (NZD mn) | 1,643.955 Feb 2026 | monthly | Jul 1981 - Feb 2026 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 39.337 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 702.642 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 281.184 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 413.866 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,113.247 Feb 2026 | monthly | Jan 2002 - Feb 2026 |
| Term Trade Index (Jun2002=1000) | 1,593.000 Dec 2025 | quarterly | Mar 1957 - Dec 2025 |
| Export Value Index (2015=100) | 130.280 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 136.389 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.1 Dec 2025 | quarterly | Dec 1990 - Dec 2025 |
| Money Supply M1 (USD mn) | 78,697.786 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Money Supply M2 (USD mn) | 267,163.748 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| M2 Growth (%) | 3.5 Jan 2026 | monthly | Mar 1989 - Jan 2026 |
| Foreign Exchange Reserves (USD mn) | 27,531.8 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Foreign Exchange Reserves: % of GDP (%) | 9.623 Dec 2025 | quarterly | Sep 2005 - Dec 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 6.8 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Gold Reserves (USD mn) | 0.000 Jan 2026 | monthly | Dec 1950 - Jan 2026 |
| Total Deposits (USD mn) | 292,971.169 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Total Deposits Growth (%) | 3.3 Jan 2026 | monthly | Dec 2017 - Jan 2026 |
| Domestic Credit (USD mn) | 383,024.1 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| Domestic Credit Growth (%) | 4.3 Jan 2026 | monthly | Mar 1989 - Jan 2026 |
| Credit to Households (USD bn) | 231.046 Sep 2025 | quarterly | Dec 1990 - Sep 2025 |
| Credit to Private Non-Financial Sector (USD bn) | 412.759 Sep 2025 | quarterly | Mar 1960 - Sep 2025 |
| Household Debt (USD mn) | 246,122.8 Jan 2026 | monthly | Dec 1990 - Jan 2026 |
| Total Loans (USD mn) | 365,576.199 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Total Loans Growth (%) | 4.86 Jan 2026 | monthly | Dec 2017 - Jan 2026 |
| Private Debt: % of Nominal GDP (%) | 136.85 Dec 2025 | quarterly | Mar 1988 - Dec 2025 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 441,739.000 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| Depository Corp: Domestic Credit (NZD mn) | 633,307.000 Jan 2026 | monthly | Mar 1988 - Jan 2026 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 130,122.000 Jan 2026 | monthly | Dec 2016 - Jan 2026 |
| Official Reserve Assets (NZD mn) | 51,186.566 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 33,411.681 Jan 2026 | monthly | Sep 2005 - Jan 2026 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 10.2 Oct 2025 | monthly | Aug 2003 - Oct 2025 |
| House Price Inflation: Net Percent Expecting (%) | 79.100 Mar 2026 | quarterly | Mar 2022 - Mar 2026 |
| House Price Inflation: Net Percent Expecting Higher (%) | -27.500 Mar 2026 | quarterly | Mar 2022 - Mar 2026 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 63.000 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 61.700 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 61.300 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 76.900 Feb 2026 | monthly | Feb 1991 - Feb 2026 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 64.100 Jan 2026 | monthly | Feb 1991 - Jan 2026 |
| Performance Manufacturing Index (NA) | 56.400 Feb 2026 | monthly | Aug 2002 - Feb 2026 |
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