Economic activity falls 0.1%in March 2023 quarter

Gross domestic product (GDP) fell 0.1 percent in the March 2023 quarter, following a 0.7 percent fall in the December 2022 quarter, according to quarterly figures released by Stats NZ today.

Quarter	Quarterly growth (%)
Sep-91	0.3
Dec-91	0.6
Mar-92	0.3
Jun-92	0
Sep-92	-0.8
Dec-92	1.3
Mar-93	1.6
Jun-93	2.2
Sep-93	2
Dec-93	0.9
Mar-94	1.5
Jun-94	0.7
Sep-94	1.7
Dec-94	1.3
Mar-95	1.2
Jun-95	1.3
Sep-95	0.9
Dec-95	0.7
Mar-96	1.4
Jun-96	0.9
Sep-96	0.7
Dec-96	1.3
Mar-97	-0.4
Jun-97	2
Sep-97	-0.2
Dec-97	-0.2
Mar-98	-0.5
Jun-98	0.5
Sep-98	0.1
Dec-98	1
Mar-99	1.2
Jun-99	0.8
Sep-99	2.8
Dec-99	1.2
Mar-00	1.5
Jun-00	0
Sep-00	0.4
Dec-00	0.2
Mar-01	0.3
Jun-01	1.4
Sep-01	0.8
Dec-01	1.5
Mar-02	0.9
Jun-02	1.3
Sep-02	1.2
Dec-02	1.4
Mar-03	0.6
Jun-03	0.5
Sep-03	2.1
Dec-03	1.3
Mar-04	1.7
Jun-04	0.9
Sep-04	0.3
Dec-04	0.4
Mar-05	1.2
Jun-05	1.6
Sep-05	0.5
Dec-05	-0.4
Mar-06	1.6
Jun-06	0.4
Sep-06	0.6
Dec-06	0.8
Mar-07	1.3
Jun-07	0.9
Sep-07	0.8
Dec-07	0.2
Mar-08	-0.4
Jun-08	-0.3
Sep-08	-0.4
Dec-08	-0.7
Mar-09	-0.9
Jun-09	0
Sep-09	0.5
Dec-09	1.3
Mar-10	0.3
Jun-10	0.7
Sep-10	-0.2
Dec-10	-0.5
Mar-11	1.1
Jun-11	0.4
Sep-11	1.1
Dec-11	0.6
Mar-12	0.6
Jun-12	0.5
Sep-12	0.2
Dec-12	1.4
Mar-13	-0.2
Jun-13	1.2
Sep-13	0.6
Dec-13	0.3
Mar-14	1.5
Jun-14	0.4
Sep-14	1.3
Dec-14	1.6
Mar-15	0.4
Jun-15	0.8
Sep-15	0.9
Dec-15	1
Mar-16	1.1
Jun-16	0.9
Sep-16	0.9
Dec-16	0.4
Mar-17	1.1
Jun-17	1
Sep-17	0.7
Dec-17	1
Mar-18	0.8
Jun-18	1.2
Sep-18	0
Dec-18	1.5
Mar-19	0.7
Jun-19	0.5
Sep-19	0.7
Dec-19	0.7
Mar-20	-0.9
Jun-20	-10.3
Sep-20	13.7
Dec-20	-0.1
Mar-21	2.3
Jun-21	1.9
Sep-21	-4.2
Dec-21	3.5
Mar-22	0.1
Jun-22	1.5
Sep-22	1.4
Dec-22	-0.7
Mar-23	-0.1

Quarter	Annual growth (%)
Sep-91	-0.3
Dec-91	-1.3
Mar-92	-1.1
Jun-92	-0.5
Sep-92	-0.1
Dec-92	0.7
Mar-93	1.1
Jun-93	1.9
Sep-93	3.6
Dec-93	5.2
Mar-94	6.4
Jun-94	6.6
Sep-94	6
Dec-94	5.6
Mar-95	5.1
Jun-95	5.2
Sep-95	5.2
Dec-95	4.9
Mar-96	4.7
Jun-96	4.3
Sep-96	4
Dec-96	4.1
Mar-97	3.6
Jun-97	3.5
Sep-97	3.3
Dec-97	2.5
Mar-98	2.1
Jun-98	1.1
Sep-98	0.4
Dec-98	0.4
Mar-99	0.9
Jun-99	1.7
Sep-99	3.2
Dec-99	4.5
Mar-00	5.4
Jun-00	6
Sep-00	5.3
Dec-00	4.2
Mar-01	2.9
Jun-01	2.1
Sep-01	2
Dec-01	2.5
Mar-02	3.4
Jun-02	4
Sep-02	4.5
Dec-02	4.7
Mar-03	4.7
Jun-03	4.5
Sep-03	4.5
Dec-03	4.4
Mar-04	4.7
Jun-04	5.3
Sep-04	5.2
Dec-04	4.8
Mar-05	4.1
Jun-05	3.4
Sep-05	3.3
Dec-05	3.2
Mar-06	3.4
Jun-06	3
Sep-06	2.6
Dec-06	2.8
Mar-07	2.8
Jun-07	3.2
Sep-07	3.6
Dec-07	3.5
Mar-08	3.1
Jun-08	2.2
Sep-08	1
Dec-08	-0.3
Mar-09	-1.2
Jun-09	-1.8
Sep-09	-1.8
Dec-09	-1.1
Mar-10	-0.1
Jun-10	1.1
Sep-10	1.9
Dec-10	1.8
Mar-11	1.5
Jun-11	1
Sep-11	1
Dec-11	1.8
Mar-12	2.2
Jun-12	2.7
Sep-12	2.6
Dec-12	2.5
Mar-13	2.3
Jun-13	2.3
Sep-13	2.6
Dec-13	2.3
Mar-14	2.7
Jun-14	2.8
Sep-14	3
Dec-14	3.8
Mar-15	3.8
Jun-15	4.1
Sep-15	4.1
Dec-15	3.7
Mar-16	3.8
Jun-16	3.8
Sep-16	3.9
Dec-16	3.9
Mar-17	3.7
Jun-17	3.5
Sep-17	3.3
Dec-17	3.5
Mar-18	3.5
Jun-18	3.6
Sep-18	3.6
Dec-18	3.5
Mar-19	3.5
Jun-19	3.2
Sep-19	3.3
Dec-19	3.1
Mar-20	2.5
Jun-20	-0.7
Sep-20	-1
Dec-20	-1.5
Mar-21	-0.7
Jun-21	5.9
Sep-21	5.4
Dec-21	6
Mar-22	5.2
Jun-22	1.2
Sep-22	2.9
Dec-22	2.7
Mar-23	2.9