Domestic Demand in New Zealand
The economy of New Zealand recorded an average growth rate of 4.2% in the decade to 2022. In 2022, domestic demand growth was 3.3%.
New Zealand Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for New Zealand from 2014 to 2023.
Source: Macrobond.
New Zealand Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 3.2 | -1.7 | 10.0 | 4.3 | -0.7 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects New Zealand demand projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for New Zealand demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our New Zealand demand projections.
Want to get access to the full dataset of New Zealand demand forecasts? Send an email to info@focus-economics.com.