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

7 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

7 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

7 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

7 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

7 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

7 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...