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GDP Increases 1.7 Percent In June 2022 Quarter
Gross domestic product (GDP) rose by 1.7 percent in
the June 2022 quarter, following a 0.2 percent fall in the
March 2022 quarter, Stats NZ said today.
The services industries, which make up about two thirds of the economy, were the main contributor to the increase, up 2.7 percent.
“The reopening of borders, easing of both domestic and international travel restrictions, and fewer domestic restrictions under the Orange traffic light setting supported growth in industries that had been most affected by the COVID-19 response measures,” national accounts – industry and production senior manager Ruvani Ratnayake said.
“In the June 2022 quarter, households and international visitors spent more on transport, accommodation, eating out, and sports and recreational activities.”
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