Economy

In a remarkable uplift, New Zealand's goods exports escalated by $823 million, or 16%, to reach $5.9 billion in February 2024, in comparison to the same month the previous year.

Economy

9 months ago

New Zealand's trade dynamics shift with significant export rise in February 2024

Stats NZ's latest report unveils a noteworthy surge in exports and a moderate increase in imports for February 2024, spotlighting the dairy sector's substantial...

Beyond flexible hours, part-time work emerged as the second most popular flexible work option.

Economy

10 months ago

New Zealand businesses embrace flexible working hours, Stats NZ reveals

A significant majority of businesses in New Zealand have embraced flexible working arrangements, offering their employees the option to choose when they work,...

The primary income deficit widened by $0.8 billion to $12.5 billion, indicating that overseas investors earned more from their investments in New Zealand than what New Zealand investors earned from abroad.

Economy

10 months ago

New Zealand's current account deficit narrows to $27.8 billion

New Zealand has witnessed a narrowing of its annual current account deficit, reaching $27.8 billion, or 6.9% of its gross domestic product (GDP) for...

The introduction of the GDP(I) metric promises a broader understanding of economic dynamics as the country navigates through its current economic phase.

Economy

10 months ago

New Zealand's economy witnesses slight contraction in latest quarter

New Zealand's economic landscape faced a minor setback as the gross domestic product (GDP) marginally decreased by 0.1 percent in the December 2023 quarter....

Fuel expenses, a substantial component of transport costs, have notably increased for New Zealand families.

Economy

10 months ago

New Zealand households face mixed trends in transport expenditure

Households across Aotearoa New Zealand are experiencing a mixed bag when it comes to transport expenditure, with increases in spending on private transport, petrol,...

Economy

10 months ago

New Zealand's international tourism inches towards pre-COVID levels

The latest data from the Ministry of Business, Innovation and Employment (MBIE) reveals a significant rebound in New Zealand's international tourism, nearing pre-pandemic...