Stats NZ

This resurgence brings the February 2024 overseas visitor numbers to 87 percent of the pre-pandemic levels recorded in February 2019, before the COVID-19 pandemic's impact on global travel.

Stats NZ

7 months ago

International travel to New Zealand nears pre-pandemic levels in February 2024

In a promising sign for New Zealand's tourism sector, Stats NZ has released international travel data for February 2024, showing a substantial increase in...

The breakdown of the consents showed a 0.5 percent decrease in stand-alone houses and a more significant 10 percent decline in multi-unit homes, which includes townhouses, apartments, retirement village units, and flats.

Stats NZ

7 months ago

Decline in home consents in New Zealand highlights challenging February

The number of new homes consented in February 2024 experienced a 6.0 percent decline from the same month last year, with a total of...

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

Stats NZ

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.

Stats NZ

8 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.

Stats NZ

8 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....

The slowdown in food price inflation comes as welcome news for New Zealanders, amidst broader economic pressures.

Stats NZ

8 months ago

New Zealand sees smallest food price inflation since May 2021

Food prices increased by just 2.1% in the year to February 2024, marking the least significant annual rise since May 2021, Statistics New...

The statistics reveal a dynamic shift, with a 7.5 percent increase in the total number of trips taken by households over the four-year period. Notably, domestic travel has surged, with a 29.7 percent increase in domestic trips.

Stats NZ

8 months ago

New Zealand households shift spending towards domestic travel amid global changes

The big picture: In light of the challenges presented by the COVID-19 pandemic, increased living costs, extreme weather, and global events, New Zealand households...