The recent data reveals that New Zealand continues to be dominated by the services sector at 50.63% of GDP, followed by mining, manufacturing, and utilities at 16.75%. Sectors like wholesale, retail trade, restaurants, and hotels contribute 12.39%, while transport, storage, and communication account for 8.04%. Construction and agriculture hold smaller shares at 6.23% and 5.95%, respectively, as of 2023.
Year-on-year analysis shows stable contributions across sectors, with minor fluctuations influenced by global economic conditions. Over the last five years, the CAGR indicates growth predominantly in services and technology-driven sectors.
Future trends to watch:
- An increase in digital services transforming traditional sectors.
- Growth in renewable energy investments within mining and utilities.
- A steady rise in tourism boosting wholesale, retail, and hospitality.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 50.63 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 16.75 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 12.39 | 2016 | |
| 4 | 4 Transport, storage and communication | 8.04 | 2016 | |
| 5 | 5 Construction | 6.23 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 5.95 | 2016 |
