Retail Sales in New Zealand
The New Zealand economy recorded an average growth rate of 4.0% in retail sales in the decade to 2022. This is below the 8.2% average for the Asia-Pacific region. In 2022, New Zealand's retail sales growth was -0.4%.
New Zealand Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for New Zealand from 2014 to 2023.
Source: Macrobond.
New Zealand Retail Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 3.5 | 0.4 | 8.4 | -0.4 | -3.8 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects New Zealand retail projections for the next ten years from a panel of 2 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 retail forecast available for New Zealand retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our New Zealand retail projections.
Want to get access to the full dataset of New Zealand retail forecasts? Send an email to info@focus-economics.com.