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GDP Climbs 1.6 Percent In March 2021 Quarter Following December Dip
Gross domestic product (GDP) rose by 1.6 percent in the March 2021 quarter, following a 1.0 percent fall in the December 2020 quarter, Stats NZ said today.
"After an easing of economic activity in the December quarter, we’ve seen broad-based growth in the first quarter of 2021. This is despite Auckland being in alert level 3 lockdown for 10 days, and continued border restrictions," national accounts senior manager Paul Pascoe said.
The services industries, which represent about two thirds of New Zealand's economy, made the largest contribution to the result.
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