'GDP Growth' By New Zealand.

        GDP Growth' By New Zealand. 

- Gross Domestic Product (GDP) is a measure of the total value of goods and services produced in a country in a given time period.

- In 2019, New Zealand's GDP was NZD 317.9 billion.

- The IMF estimates that New Zealand's GDP contracted by around 2% in 2020 due to the impact of the COVID-19 pandemic. Prior to that, New Zealand had experienced several years of relatively strong growth.

- According to Statistics New Zealand, the country experienced average annual GDP growth of around 3% in the years 2014-2019.


- More recently, New Zealand's GDP growth has been somewhat uneven, with quarterly fluctuations reflecting the effects of the pandemic and the country's efforts to respond to it.

- In the first quarter of 2021, New Zealand's GDP grew by 1.6% compared to the previous quarter, driven by strong growth in consumer spending and construction activity.

- The New Zealand government has set a goal of achieving sustainable and inclusive economic growth over the long-term, with a focus on areas such as investment in infrastructure, regional development, and innovation and technology.


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