New Zealand Forecast: Unemployment Rate

1980 - 2029 | Yearly | % | International Monetary Fund

Key information about New Zealand Unemployment Rate Forecast

  • New Zealand Unemployment Rate is forecasted to be 5.132 % in Dec 2024 as reported by International Monetary Fund
  • It records a decrease from the last reported number of 3.725 % in Dec 2023
  • Looking ahead, New Zealand Unemployment Rate is projected to stand at 4.383 % in Dec 2029
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Unemployment Rate

View New Zealand's Forecast: Unemployment Rate from 1980 to 2029 in the chart:

New Zealand Forecast: Unemployment Rate

What is New Zealand's Forecast: Unemployment Rate in 2029?

New Zealand Unemployment Rate is forecasted to be 5.132 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
4.383 2029 4.405 2028 3.300 2022 10.675 1992 % yearly 1980 - 2029

Forecast: Unemployment Rate by Country Comparison

country/region Last Frequency Range
Afghanistan (%) 0.000 yearly -
Albania (%) 10.700 2029 yearly 1980 - 2029
Algeria (%) 11.383 2019 yearly 1980 - 2019
Andorra (%) 1.550 2029 yearly 2010 - 2029
Angola (%) 0.000 yearly -
Antigua and Barbuda (%) 0.000 yearly -
Argentina (%) 7.000 2029 yearly 1980 - 2029
Armenia (%) 14.000 2029 yearly 2001 - 2029
Aruba (%) 5.091 2026 yearly 1991 - 2026
Australia (%) 4.524 2029 yearly 1980 - 2029
Austria (%) 5.179 2028 yearly 1980 - 2028
Azerbaijan (%) 5.098 2029 yearly 2000 - 2029
Bahamas (%) 9.500 2029 yearly 1986 - 2029
Bahrain (%) 6.300 2023 yearly 2007 - 2023
Bangladesh (%) 0.000 yearly -
Barbados (%) 7.677 2029 yearly 1981 - 2029
Belarus (%) 2.898 2029 yearly 1993 - 2029
Belgium (%) 5.700 2029 yearly 1980 - 2029
Belize (%) 3.400 2029 yearly 1990 - 2029
Benin (%) 0.000 yearly -
Bhutan (%) 3.500 2023 yearly 2003 - 2023
Bolivia (%) 5.200 2029 yearly 2000 - 2029
Bosnia and Herzegovina (%) 13.200 2029 yearly 1995 - 2029
Botswana (%) 0.000 yearly -
Brazil (%) 7.482 2029 yearly 1991 - 2029
Brunei (%) 4.900 2029 yearly 2011 - 2029
Bulgaria (%) 4.000 2029 yearly 1989 - 2029
Burkina Faso (%) 0.000 yearly -
Burundi (%) 0.000 yearly -
Cambodia (%) 0.000 yearly -
Cameroon (%) 0.000 yearly -
Canada (%) 5.960 2029 yearly 1980 - 2029
Cape Verde (%) 8.500 2029 yearly 1980 - 2029
Central African Republic (%) 0.000 yearly -
Chad (%) 0.000 yearly -
Chile (%) 7.500 2029 yearly 1980 - 2029
China (%) 5.100 2029 yearly 2017 - 2029
Colombia (%) 9.400 2029 yearly 1980 - 2029
Comoros (%) 0.000 yearly -
Congo (%) 0.000 yearly -
Costa Rica (%) 9.000 2026 yearly 1980 - 2026
Croatia (%) 5.466 2029 yearly 1991 - 2029
Cyprus (%) 4.979 2029 yearly 1982 - 2029
Czech Republic (%) 2.300 2028 yearly 1995 - 2028
Democratic Republic of Congo (%) 0.000 yearly -
Denmark (%) 5.000 2028 yearly 1980 - 2028
Djibouti (%) 0.000 yearly -
Dominica (%) 0.000 yearly -
Dominican Republic (%) 6.000 2029 yearly 1991 - 2029
Ecuador (%) 3.500 2029 yearly 1988 - 2029
Egypt (%) 5.502 2029 yearly 1990 - 2029
El Salvador (%) 5.216 2029 yearly 1988 - 2029
Equatorial Guinea (%) 0.000 yearly -
Eritrea (%) 0.000 yearly -
Estonia (%) 6.508 2029 yearly 1993 - 2029
Swaziland (%) 25.000 2016 yearly 1995 - 2016
Ethiopia (%) 0.000 yearly -
Fiji (%) 4.500 2029 yearly 1986 - 2029
Finland (%) 7.100 2028 yearly 1980 - 2028
France (%) 6.663 2028 yearly 1980 - 2028
Gabon (%) 0.000 yearly -
Gambia (%) 0.000 yearly -
Georgia (%) 14.500 2029 yearly 1996 - 2029
Germany (%) 2.963 2028 yearly 1980 - 2028
Ghana (%) 0.000 yearly -
Greece (%) 9.000 2028 yearly 1980 - 2028
Grenada (%) 0.000 yearly -
Guatemala (%) 0.000 yearly -
Guinea (%) 0.000 yearly -
Guinea-Bissau (%) 0.000 yearly -
Guyana (%) 0.000 yearly -
Haiti (%) 0.000 yearly -
Honduras (%) 8.000 2029 yearly 1980 - 2029
Hong Kong SAR, China (%) 2.669 2029 yearly 1980 - 2029
Hungary (%) 3.689 2029 yearly 1980 - 2029
Iceland (%) 4.000 2029 yearly 1980 - 2029
India (%) 0.000 yearly -
Indonesia (%) 5.100 2029 yearly 1984 - 2029
Iran (%) 9.000 2029 yearly 1990 - 2029
Iraq (%) 0.000 yearly -
Ireland (%) 4.507 2028 yearly 1985 - 2028
Israel (%) 3.900 2029 yearly 1980 - 2029
Italy (%) 8.250 2028 yearly 1980 - 2028
Ivory Coast (%) 0.000 yearly -
Jamaica (%) 4.400 2023 yearly 1980 - 2023
Japan (%) 2.300 2028 yearly 1980 - 2028
Jordan (%) 21.975 2023 yearly 1984 - 2023
Kazakhstan (%) 4.775 2029 yearly 1994 - 2029
Kenya (%) 0.000 yearly -
Kiribati (%) 0.000 yearly -
South Korea (%) 3.000 2029 yearly 1980 - 2029
Kosovo (%) 10.875 2023 yearly 2012 - 2023
Kuwait (%) 2.200 2028 yearly 2002 - 2028
Kyrgyzstan (%) 9.014 2029 yearly 1994 - 2029
Laos (%) 0.000 yearly -
Latvia (%) 6.286 2029 yearly 1992 - 2029
Lebanon (%) 0.000 yearly -
Lesotho (%) 0.000 2015 yearly 2000 - 2015
Liberia (%) 0.000 yearly -
Libya (%) 0.000 yearly -

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New Zealand Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.6 Jun 2024 quarterly Dec 1999 - Jun 2024
Consolidated Fiscal Balance (USD mn) 5,246.112 Sep 2024 quarterly Mar 1999 - Sep 2024
Tax Revenue (USD mn) 80,859.209 2024 yearly 1999 - 2024
Tax Revenue: % of GDP (%) 30.8 2023 yearly 1999 - 2023
National Government Debt (USD mn) 118,791.5 Sep 2024 quarterly Dec 2006 - Sep 2024
Government Debt: % of GDP (%) 42.6 Jun 2024 quarterly Dec 2006 - Jun 2024
Forecast: Government Expenditure (NZD bn) 194.423 2029 yearly 1985 - 2029
Forecast: Government Net Debt (NZD bn) 236.804 2029 yearly 1985 - 2029
Forecast: Government Revenue (NZD bn) 195.599 2029 yearly 1985 - 2029
General Government: ytd: Expenses (NZD mn) 45,813.000 Sep 2024 quarterly Mar 1999 - Sep 2024
General Government: ytd: Revenue (NZD mn) 41,681.000 Sep 2024 quarterly Mar 1999 - Sep 2024
General Government: ytd: Borrowings (NZD mn) 256,738.000 Sep 2024 quarterly Jun 2002 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.471 2029 yearly 1980 - 2029
Trade Balance (USD mn) -937.9 Oct 2024 monthly Jan 1960 - Oct 2024
Total Exports (USD mn) 3,503.6 Oct 2024 monthly Jan 1957 - Oct 2024
Total Exports Growth (%) 7.5 Oct 2024 monthly Jan 1952 - Oct 2024
Aluminum: Exports (USD th) 796,821.124 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 133,163.766 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 279,372.038 2023 yearly 1995 - 2023
Total Imports (USD mn) 4,441.4 Oct 2024 monthly Jan 1960 - Oct 2024
Total Imports Growth (%) 3.0 Oct 2024 monthly Jan 1961 - Oct 2024
Imports: Medicament (USD th) 1,071,353.476 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 469,470.056 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 430.326 Oct 2024 monthly Jul 1981 - Oct 2024
Total Imports from USA (USD mn) 629.216 Oct 2024 monthly Jan 1981 - Oct 2024
Total Exports to China (USD mn) 914.051 Oct 2024 monthly Jul 1981 - Oct 2024
Total Imports from China (USD mn) 790.551 Oct 2024 monthly Jul 1982 - Oct 2024
Exports: fob: SITC: Mineral Fuels (NZD mn) 80.077 Oct 2024 monthly Jan 2002 - Oct 2024
Exports: fob: SITC: Crude Materials (NZD mn) 639.855 Oct 2024 monthly Jan 2002 - Oct 2024
Exports: fob: SITC: Manufacturing: Goods (NZD mn) 258.405 Oct 2024 monthly Jan 2002 - Oct 2024
Exports: fob: SITC: Food & Live Animals (NZD mn) 3,423.543 Oct 2024 monthly Jan 2002 - Oct 2024
Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) 425.812 Oct 2024 monthly Jan 2002 - Oct 2024
Exports: fob: Australia (NZD mn) 784.447 Oct 2024 monthly Jan 1988 - Oct 2024
Exports: fob: United States (NZD mn) 708.240 Oct 2024 monthly Jul 1981 - Oct 2024
Exports: fob: United Kingdom (NZD mn) 111.276 Oct 2024 monthly Jul 1981 - Oct 2024
Exports: fob: China (NZD mn) 1,451.610 Oct 2024 monthly Jul 1981 - Oct 2024
Exports: fob: Japan (NZD mn) 308.713 Oct 2024 monthly Jul 1981 - Oct 2024
Exports: fob: Australia: sa (NZD mn) 729.379 Oct 2024 monthly Jul 1981 - Oct 2024
Exports: fob: China: sa (NZD mn) 1,504.364 Oct 2024 monthly Jul 1981 - Oct 2024
Export Value Index (2015=100) 130.280 2021 yearly 1995 - 2021
Import Value Index (2015=100) 136.389 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 725.6 Sep 2024 quarterly Jun 2000 - Sep 2024
Current Account Balance (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Current Account Balance: % of GDP (%) -5.8 Sep 2024 quarterly Jun 1987 - Sep 2024
Foreign Direct Investment (USD mn) -1,490.3 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Direct Investment: % of GDP (%) -2.4 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Portfolio Investment (USD mn) 7,376.467 Sep 2024 quarterly Jun 1995 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 11.7 Sep 2024 quarterly Jun 1995 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 1,606.5 Sep 2024 quarterly Jun 2000 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 5,769.990 Sep 2024 quarterly Jun 1995 - Sep 2024
External Debt (USD mn) 246,390.6 Sep 2024 quarterly Mar 1993 - Sep 2024
External Debt: % of GDP (%) 88.0 2023 yearly 1993 - 2023
External Debt: Short Term (USD mn) 77,945.5 Sep 2024 quarterly Jun 2000 - Sep 2024
External Debt: Short Term: % of GDP (%) 29.9 2023 yearly 2000 - 2023
Total Debt: % of GDP (%) 603.1 2022 yearly 2006 - 2022
Forecast: Current Account Balance (USD bn) -11.310 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -132,742.997 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Goods (NZD mn) -4,656.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets (NZD mn) 3,984.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Net Errors and Omissions (NZD mn) 8,606.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Services: Debit (NZD mn) 8,504.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account (NZD mn) 2,075.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Liabilities (NZD mn) 6,059.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Assets: Portfolio Investment (NZD mn) 5,621.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Services: Credit (NZD mn) 6,473.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets: Financial Derivatives (NZD mn) -3,057.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account (NZD mn) -10,581.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets: Direct Investment (NZD mn) 1,187.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Direct Investment (NZD mn) -2,438.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Capital Account: Debit (NZD mn) 137.000 Sep 2024 quarterly Mar 1997 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Portfolio Investment (NZD mn) 12,067.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Goods: Credit (NZD mn) 15,962.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: Primary Income: Debit (NZD mn) 7,003.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets: Other Investment (NZD mn) -2,942.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Capital Account: Credit (NZD mn) 36.000 Sep 2024 quarterly Jun 1996 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Other Investment (NZD mn) -1,537.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Current Account: Goods: Debit (NZD mn) 20,618.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: Services (NZD mn) -2,031.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Financial Account: Assets: Reserve Assets (NZD mn) 3,176.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Financial Account: Liabilities: Financial Derivatives (NZD mn) -2,032.000 Sep 2024 quarterly Jun 2000 - Sep 2024
Balance of Payment: Capital Account (NZD mn) -100.000 Sep 2024 quarterly Jun 1996 - Sep 2024
Balance of Payment: Current Account: Primary Income: Credit (NZD mn) 3,459.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: Primary Income (NZD mn) -3,544.000 Sep 2024 quarterly Jun 1971 - Sep 2024
BOP: Current Account: Goods & Services (NZD mn) -6,688.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Services: Debit (NZD mn) 8,048.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa (NZD mn) -6,202.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Goods (NZD mn) -1,913.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Goods: Credit (NZD mn) 17,629.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Services (NZD mn) -397.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Goods: Debit (NZD mn) 19,542.000 Sep 2024 quarterly Jun 1971 - Sep 2024
Balance of Payment: Current Account: sa: GS: Services: Credit (NZD mn) 7,651.000 Sep 2024 quarterly Jun 1971 - Sep 2024
International Investment Position: Liabilities (NZD mn) 613,193.000 Sep 2024 quarterly Jun 2000 - Sep 2024
IIP: Assets (NZD mn) 404,576.000 Sep 2024 quarterly Jun 2000 - Sep 2024
IIP: Net (NZD mn) -208,617.000 Sep 2024 quarterly Jun 2000 - Sep 2024
External Debt: Net (NZD mn) -149,667.000 Dec 2018 quarterly Jun 2000 - Dec 2018
Direct Investment Abroad: Stock (NZD mn) 29,490.000 2024 yearly 2001 - 2024
Direct Investment Abroad: Stock: Australia (NZD mn) 14,253.000 2024 yearly 2001 - 2024
Direct Investment Abroad: Stock: United Kingdom (NZD mn) 1,090.000 2024 yearly 2001 - 2024
Direct Investment Abroad: Stock: United States of America (NZD mn) 8,983.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock (NZD mn) 158,258.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: Australia (NZD mn) 84,615.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: United Kingdom (NZD mn) 6,388.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: United States of America (NZD mn) 9,278.000 2024 yearly 2001 - 2024
Foreign Direct Investment: Stock: Netherlands (NZD mn) 3,880.000 2018 yearly 2001 - 2018
Foreign Direct Investment: Stock: Japan (NZD mn) 5,553.000 2018 yearly 2001 - 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.5 Dec 2017 quarterly Mar 1996 - Dec 2017
Household Debt: % of GDP (%) 91.0 Jun 2024 quarterly Dec 1990 - Jun 2024
Money Supply M1 (USD mn) 69,727.867 Oct 2024 monthly Dec 2016 - Oct 2024
Money Supply M2 (USD mn) 249,335.593 Oct 2024 monthly Mar 1988 - Oct 2024
M2 Growth (%) 3.2 Oct 2024 monthly Mar 1989 - Oct 2024
Foreign Exchange Reserves (USD mn) 20,224.0 Oct 2024 monthly Sep 2005 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.764 Jun 2024 quarterly Sep 2005 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 4.6 Oct 2024 monthly Sep 2005 - Oct 2024
Gold Reserves (USD mn) 0.000 Nov 2024 monthly Dec 1950 - Nov 2024
Total Deposits (USD mn) 274,155.429 Oct 2024 monthly Dec 2016 - Oct 2024
Total Deposits Growth (%) 3.8 Oct 2024 monthly Dec 2017 - Oct 2024
Domestic Credit (USD mn) 358,277.6 Oct 2024 monthly Mar 1988 - Oct 2024
Domestic Credit Growth (%) 0.7 Oct 2024 monthly Mar 1989 - Oct 2024
Credit to Households (USD bn) 234.071 Dec 2023 quarterly Dec 1990 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 412.164 Dec 2023 quarterly Mar 1960 - Dec 2023
Household Debt (USD mn) 226,591.5 Oct 2024 monthly Dec 1990 - Oct 2024
Total Loans (USD mn) 338,592.262 Oct 2024 monthly Dec 2016 - Oct 2024
Total Loans Growth (%) 2.53 Oct 2024 monthly Dec 2017 - Oct 2024
Private Debt: % of Nominal GDP (%) 137.41 Jun 2024 quarterly Mar 1988 - Jun 2024
Depository Corp: Money Supply: Broad Money (NZD mn) 418,981.000 Oct 2024 monthly Mar 1988 - Oct 2024
Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) 117,170.000 Oct 2024 monthly Dec 2016 - Oct 2024
Depository Corp: Domestic Credit (NZD mn) 602,046.000 Oct 2024 monthly Mar 1988 - Oct 2024
Official Reserve Assets (NZD mn) 39,564.847 Oct 2024 monthly Sep 2005 - Oct 2024
Official Reserve Assets: Foreign Currency Reserves (NZD mn) 25,529.121 Oct 2024 monthly Sep 2005 - Oct 2024
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -7.4 May 2023 monthly Aug 2003 - May 2023
House Price Inflation: Net Percent Expecting (%) 47.600 Dec 2024 quarterly Mar 2022 - Dec 2024
House Price Inflation: Net Percent Expecting Higher (%) -43.400 Dec 2024 quarterly Mar 2022 - Dec 2024

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