Latest data to Oct 2026

How's the New Zealand economy?

Mixed.

Some things are going well and others aren't. How it feels depends on whether you rent, own, borrow or save.

Other countries

The 6 things behind the verdict

The verdict over time

The verdict has been Mixed since Sep 2024. Since Dec 1993, it has been Strong 25% of the time, Mixed 68% and Weak 7%.

StrongMixedWeakAsian crisis recessionGFCCanterbury earthquakesCOVID-19Rate rises1995200020052010201520202025
StrongMixedWeakAsian crisis recessionGFCCanterbury earthquakesCOVID-19Rate rises200020102020
Show what drove it: the 6 measures
  • Good
  • OK
  • Bad
  • No data yet
Inflation
Jobs
Pay after prices
Rents
Interest rates
Growth
See the verdict year by year
Overall verdict and each measure's verdict, at the end of each year
YearOverallInflationJobsPay after pricesRentsInterest ratesGrowth
Oct 2026MixedOKBadBadGoodOKOK
2025MixedOKOKBadGoodGoodBad
2024MixedGoodBadGoodOKBadBad
2023WeakBadGoodBadOKBadOK
2022MixedBadGoodBadOKBadGood
2021MixedBadGoodBadOKGoodGood
2020MixedGoodOKOKGoodGoodBad
2019StrongGoodGoodOKOKGoodOK
2018StrongGoodGoodOKGoodGoodGood
2017StrongGoodGoodOKGoodGoodOK
2016StrongGoodOKOKGoodGoodGood
2015StrongBadGoodGoodGoodOKGood
2014StrongOKOKGoodGoodOKGood
2013MixedGoodOKOKGoodOKOK
2012MixedOKOKOKGoodOKGood
2011MixedGoodOKOKGoodOKOK
2010MixedBadOKBadGoodOKOK
2009MixedGoodBadOKGoodOKBad
2008WeakOKBadBadOKBadBad
2007MixedOKGoodOKGoodBadGood
2006StrongGoodGoodOKGoodBadGood
2005MixedOK–BadGoodBadGood
2004MixedGood–BadGoodBadGood
2003MixedGood–OKOKBadGood
2002MixedGood–BadGoodBadGood
2001MixedGood–OKGoodBadGood
2000MixedBad–BadGoodBadGood
1999MixedOK–OK–BadGood
1998MixedBad–Good–OKBad
1997MixedOK–Good–BadOK
1996MixedGood–Bad–BadGood
1995MixedGood–Bad–BadGood
1994MixedGood–Bad–BadGood
1993MixedGood–Bad–BadGood

Download the verdict for every month (CSV)

The longer stretches

Every run of Strong or Weak lasting 6 months or more, most recent first. The rest of the time the verdict was Mixed or changing month to month.

  • WeakSep 2023 to Aug 2024 · 12 months
  • StrongDec 2015 to May 2020 · 54 months
  • StrongMar 2014 to Feb 2015 · 12 months
  • StrongJun 2013 to Nov 2013 · 6 months
  • StrongMar 2012 to Nov 2012 · 9 months
  • WeakJun 2008 to Feb 2009 · 9 months · GFC
  • StrongJun 2007 to Nov 2007 · 6 months
  • StrongJun 1997 to Nov 1997 · 6 months
  • WeakMar 1995 to Aug 1995 · 6 months

Every month is judged by today's rules, using today's figures. Those include later revisions, so this shows how each month looks now, not what was known at the time. Some measures start later: jobs from Mar 2006 and rents from Jun 2000. Until then the verdict uses the measures that exist. More on the method