New Zealand Unemployment Rate
1986 - 2024 | Quarterly | % | Statistics New Zealand
Key information about New Zealand Unemployment Rate
- New Zealand Unemployment Rate increased to 4.30% in Mar 2024, from the previously reported figure of 4.00% in Dec 2023.
- New Zealand Unemployment Rate is updated quarterly, available from Mar 1986 to Mar 2024, with an average rate of 5.50%.
- The data reached an all-time high of 11.20% in Sep 1991 and a record low of 3.20% in Mar 2022.
- The data is reported by reported by Statistics New Zealand.
- In the latest reports, New Zealand Population reached 5.31 million people in Dec 2023.
View New Zealand's Unemployment Rate from Mar 1986 to Mar 2024 in the chart:
What was New Zealand's Unemployment Rate in Mar 2024?
New Zealand Unemployment Rate increased to 4.30% in Mar 2024, from the previously reported figure of 4.00% in Dec 2023. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.30 Mar 2024 | 4.00 Dec 2023 | 3.20 Mar 2022 | 11.20 Sep 1991 | % | quarterly | Mar 1986 - Mar 2024 |
Unemployment Rate by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 10.54 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
| Algeria (%) | 11.40 Jun 2019 | quarterly | Mar 2014 - Jun 2019 |
| Argentina (%) | 6.90 Mar 2023 | quarterly | Jun 1990 - Mar 2023 |
| Armenia (%) | 13.10 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Australia (%) | 4.05 Apr 2024 | monthly | Feb 1978 - Apr 2024 |
| Austria (%) | 4.90 Nov 2023 | monthly | Jan 1993 - Nov 2023 |
| Azerbaijan (%) | 5.64 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| Bahrain (%) | 5.90 2020 | yearly | 1991 - 2020 |
| Bangladesh (%) | 5.30 2020 | yearly | 1991 - 2020 |
| Belarus (%) | 0.10 Mar 2024 | monthly | Oct 2004 - Mar 2024 |
| Belgium (%) | 5.50 Mar 2024 | monthly | Jan 1983 - Mar 2024 |
| Bolivia (%) | 2.83 Dec 2023 | quarterly | Dec 2015 - Dec 2023 |
| Bosnia and Herzegovina (%) | 13.20 2023 | yearly | 2006 - 2023 |
| Botswana (%) | 20.68 2022 | yearly | 1991 - 2022 |
| Brazil (%) | 7.90 Mar 2024 | monthly | Mar 2012 - Mar 2024 |
| Brunei (%) | 5.20 2022 | yearly | 1981 - 2022 |
| Bulgaria (%) | 5.00 Mar 2024 | quarterly | Mar 2000 - Mar 2024 |
| Cambodia (%) | 2.40 2020 | yearly | 2020 - 2020 |
| Canada (%) | 6.10 Apr 2024 | monthly | Jan 1976 - Apr 2024 |
| Chile (%) | 8.50 Feb 2024 | monthly | Mar 2009 - Feb 2024 |
| China (%) | 5.20 Mar 2024 | quarterly | Mar 2017 - Mar 2024 |
| Colombia (%) | 12.12 Mar 2022 | monthly | Jan 2021 - Mar 2022 |
| Croatia (%) | 6.80 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Cyprus (%) | 6.00 Mar 2024 | monthly | Jan 2000 - Mar 2024 |
| Czech Republic (%) | 2.73 Feb 2024 | monthly | Jan 1993 - Feb 2024 |
| Denmark (%) | 4.90 Apr 2023 | monthly | Jan 2007 - Apr 2023 |
| Ecuador (%) | 3.76 Mar 2024 | quarterly | Dec 2013 - Mar 2024 |
| Egypt (%) | 6.70 Mar 2024 | quarterly | Mar 2003 - Mar 2024 |
| Estonia (%) | 5.30 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| European Union (%) | 6.00 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Finland (%) | 6.90 Apr 2023 | monthly | Jan 1988 - Apr 2023 |
| France (%) | 7.20 Jun 2023 | quarterly | Mar 1975 - Jun 2023 |
| Georgia (%) | 16.40 2023 | yearly | 1991 - 2023 |
| Germany (%) | 3.20 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
| Ghana (%) | 3.56 2023 | yearly | 1991 - 2023 |
| Greece (%) | 11.20 Apr 2023 | monthly | Apr 1998 - Apr 2023 |
| Hong Kong SAR, China (%) | 3.00 Apr 2024 | monthly | Oct 1981 - Apr 2024 |
| Hungary (%) | 4.50 Apr 2024 | monthly | Jan 2000 - Apr 2024 |
| Iceland (%) | 3.82 Apr 2024 | monthly | Jan 2003 - Apr 2024 |
| India (%) | 7.11 2020 | yearly | 1991 - 2020 |
| Indonesia (%) | 5.32 2023 | yearly | 1984 - 2023 |
| Iran (%) | 9.40 Mar 2022 | quarterly | Jun 2001 - Mar 2022 |
| Ireland (%) | 4.10 Jul 2023 | monthly | Jan 1998 - Jul 2023 |
| Israel (%) | 3.33 Mar 2024 | monthly | Jan 2012 - Mar 2024 |
| Italy (%) | 7.23 Mar 2024 | monthly | Jan 1983 - Mar 2024 |
| Ivory Coast (%) | 3.50 2020 | yearly | 1991 - 2020 |
| Japan (%) | 2.60 Mar 2024 | monthly | Jan 1953 - Mar 2024 |
| Jordan (%) | 22.30 Feb 2024 | quarterly | Feb 2000 - Feb 2024 |
| Kazakhstan (%) | 4.70 Apr 2024 | monthly | Jan 2001 - Apr 2024 |
| Kenya (%) | 2.98 2020 | yearly | 1991 - 2020 |
| South Korea (%) | 2.80 Apr 2024 | monthly | Jun 1999 - Apr 2024 |
| Kosovo (%) | 10.70 Jun 2023 | quarterly | Mar 2016 - Jun 2023 |
| Kuwait (%) | 0.93 2021 | yearly | 1999 - 2021 |
| Kyrgyzstan (%) | 4.90 2022 | yearly | 1992 - 2022 |
| Laos (%) | 0.95 2020 | yearly | 1991 - 2020 |
| Latvia (%) | 6.80 Apr 2024 | monthly | Jan 1998 - Apr 2024 |
| Lebanon (%) | 29.56 2021 | yearly | 2004 - 2021 |
| Lithuania (%) | 7.30 Mar 2024 | monthly | Jan 1998 - Mar 2024 |
| Luxembourg (%) | 5.62 Apr 2024 | monthly | Jan 1995 - Apr 2024 |
| Macau SAR, China (%) | 2.10 Mar 2024 | monthly | Sep 1996 - Mar 2024 |
| North Macedonia (%) | 13.00 Dec 2023 | quarterly | Mar 2023 - Dec 2023 |
| Malawi (%) | 6.60 2013 | yearly | 2005 - 2013 |
| Malaysia (%) | 3.30 Mar 2024 | monthly | Jan 2010 - Mar 2024 |
| Malta (%) | 2.85 Dec 2023 | quarterly | Mar 2018 - Dec 2023 |
| Mauritius (%) | 7.10 Mar 2020 | quarterly | Mar 2004 - Mar 2020 |
| Mexico (%) | 2.66 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Moldova (%) | 5.55 Mar 2023 | quarterly | Mar 1999 - Mar 2023 |
| Mongolia (%) | 5.20 Mar 2024 | quarterly | Sep 2006 - Mar 2024 |
| Montenegro (%) | 12.20 Dec 2023 | quarterly | Mar 2008 - Dec 2023 |
| Morocco (%) | 13.70 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Mozambique (%) | 3.67 2023 | yearly | 1991 - 2023 |
| Myanmar (%) | 1.79 2020 | yearly | 1991 - 2020 |
| Nepal (%) | 4.44 2020 | yearly | 1991 - 2020 |
| Netherlands (%) | 3.10 Jul 2021 | monthly | Jan 2003 - Jul 2021 |
| New Zealand (%) | 4.30 Mar 2024 | quarterly | Mar 1986 - Mar 2024 |
| Nigeria (%) | 4.10 Mar 2023 | quarterly | Dec 2022 - Mar 2023 |
| Norway (%) | 3.90 Feb 2024 | monthly | Jan 1989 - Feb 2024 |
| Oman (%) | 2.60 Apr 2024 | monthly | Mar 2018 - Apr 2024 |
| Pakistan (%) | 6.30 2021 | yearly | 1980 - 2021 |
| Palestinian Territory (%) | 32.20 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Panama (%) | 7.40 2023 | yearly | 2003 - 2023 |
| Paraguay (%) | 6.90 Mar 2024 | quarterly | Mar 2017 - Mar 2024 |
| Peru (%) | 7.69 Apr 2024 | monthly | Mar 2001 - Apr 2024 |
| Philippines (%) | 4.50 Apr 2023 | quarterly | Jul 1982 - Apr 2023 |
| Poland (%) | 5.30 Mar 2024 | monthly | Jan 1990 - Mar 2024 |
| Portugal (%) | 7.20 Jan 2021 | monthly | Feb 1998 - Jan 2021 |
| Qatar (%) | 0.10 2019 | yearly | 1997 - 2019 |
| Romania (%) | 5.60 Apr 2023 | monthly | Jan 2004 - Apr 2023 |
| Russia (%) | 2.80 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Saudi Arabia (%) | 4.43 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Serbia (%) | 9.10 Dec 2023 | quarterly | Mar 2014 - Dec 2023 |
| Singapore (%) | 1.90 May 2023 | monthly | Mar 2020 - May 2023 |
| Slovakia (%) | 3.82 Apr 2024 | monthly | Jan 2006 - Apr 2024 |
| Slovenia (%) | 3.40 Dec 2023 | quarterly | Jun 1997 - Dec 2023 |
| South Africa (%) | 32.90 Mar 2024 | quarterly | Mar 2008 - Mar 2024 |
| Spain (%) | 12.29 Mar 2024 | quarterly | Sep 1976 - Mar 2024 |
| Sri Lanka (%) | 4.30 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Sudan (%) | 20.30 2010 | yearly | 1993 - 2010 |
| Sweden (%) | 7.22 Apr 2023 | monthly | Jan 1983 - Apr 2023 |
| Switzerland (%) | 4.25 Mar 2024 | monthly | Jan 1991 - Mar 2024 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -0.6 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | -2,917.988 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| Tax Revenue (USD mn) | 78,682.575 2023 | yearly | 1999 - 2023 |
| Tax Revenue: % of GDP (%) | 31.5 2023 | yearly | 1999 - 2023 |
| National Government Debt (USD mn) | 101,964.3 Mar 2024 | quarterly | Dec 2006 - Mar 2024 |
| Government Debt: % of GDP (%) | 38.7 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
| Forecast: Government Expenditure (NZD bn) | 202.357 2029 | yearly | 1985 - 2029 |
| Forecast: Government Net Debt (NZD bn) | 240.233 2028 | yearly | 1985 - 2028 |
| Forecast: Government Revenue (NZD bn) | 198.840 2028 | yearly | 1985 - 2028 |
| General Government: ytd: Expenses (NZD mn) | 127,018.000 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| General Government: ytd: Revenue (NZD mn) | 122,253.000 Mar 2024 | quarterly | Mar 1999 - Mar 2024 |
| General Government: ytd: Borrowings (NZD mn) | 250,825.000 Mar 2024 | quarterly | Jun 2002 - Mar 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.748 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 54.4 Apr 2024 | monthly | Jan 1960 - Apr 2024 |
| Total Exports (USD mn) | 3,822.2 Apr 2024 | monthly | Jan 1957 - Apr 2024 |
| Total Exports Growth (%) | -2.6 Apr 2024 | monthly | Jan 1952 - Apr 2024 |
| Aluminum: Exports (USD th) | 899,348.562 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 148,665.511 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 256,958.049 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 3,767.8 Apr 2024 | monthly | Jan 1960 - Apr 2024 |
| Total Imports Growth (%) | -0.7 Apr 2024 | monthly | Jan 1961 - Apr 2024 |
| Imports: Medicament (USD th) | 974,970.031 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 727,040.199 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 451.119 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Total Imports from USA (USD mn) | 292.453 Apr 2024 | monthly | Jan 1981 - Apr 2024 |
| Total Exports to China (USD mn) | 896.989 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Total Imports from China (USD mn) | 884.882 Apr 2024 | monthly | Jul 1982 - Apr 2024 |
| Exports: fob: SITC: Manufacturing: Goods (NZD mn) | 264.481 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Exports: fob: SITC: Manufacturing: Machinery & Transport Equipment (NZD mn) | 396.989 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Exports: fob: SITC: Mineral Fuels (NZD mn) | 4.778 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Exports: fob: SITC: Crude Materials (NZD mn) | 614.855 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Exports: fob: SITC: Food & Live Animals (NZD mn) | 4,215.877 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
| Exports: fob: United States (NZD mn) | 757.292 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Exports: fob: Australia (NZD mn) | 698.671 Apr 2024 | monthly | Jan 1988 - Apr 2024 |
| Exports: fob: Japan (NZD mn) | 440.208 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Exports: fob: United Kingdom (NZD mn) | 167.213 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Exports: fob: China (NZD mn) | 1,629.540 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Exports: fob: Australia: sa (NZD mn) | 735.076 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Exports: fob: China: sa (NZD mn) | 1,505.774 Apr 2024 | monthly | Jul 1981 - Apr 2024 |
| Export Volume Index: Exclude Re Export (Jun2002=1000) | 1,475.000 Dec 2023 | quarterly | Mar 1951 - Dec 2023 |
| Import Volume Index: sa (Jun2002=1000) | 2,434.000 Dec 2023 | quarterly | Jun 1990 - Dec 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.5 Dec 2017 | quarterly | Mar 1996 - Dec 2017 |
| Household Debt: % of GDP (%) | 91.5 Dec 2023 | quarterly | Dec 1990 - Dec 2023 |
| Money Supply M1 (USD mn) | 70,687.312 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
| Money Supply M2 (USD mn) | 246,307.575 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
| M2 Growth (%) | 4.0 Mar 2024 | monthly | Mar 1989 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 12,882.1 Mar 2024 | monthly | Sep 2005 - Mar 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 4.716 Dec 2023 | quarterly | Sep 2005 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.2 Apr 2024 | monthly | Sep 2005 - Apr 2024 |
| Gold Reserves (USD mn) | 0.000 Apr 2024 | monthly | Dec 1950 - Apr 2024 |
| Total Deposits (USD mn) | 269,474.870 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
| Total Deposits Growth (%) | 3.9 Mar 2024 | monthly | Dec 2017 - Mar 2024 |
| Domestic Credit (USD mn) | 356,892.3 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
| Domestic Credit Growth (%) | 1.7 Mar 2024 | monthly | Mar 1989 - Mar 2024 |
| Credit to Households (USD bn) | 221.186 Sep 2023 | quarterly | Dec 1990 - Sep 2023 |
| Credit to Private Non-Financial Sector (USD bn) | 388.325 Sep 2023 | quarterly | Mar 1960 - Sep 2023 |
| Household Debt (USD mn) | 223,397.1 Mar 2024 | monthly | Dec 1990 - Mar 2024 |
| Total Loans (USD mn) | 335,625.233 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
| Total Loans Growth (%) | 2.74 Mar 2024 | monthly | Dec 2017 - Mar 2024 |
| Private Debt: % of Nominal GDP (%) | 138.64 Dec 2023 | quarterly | Mar 1988 - Dec 2023 |
| Depository Corp: Money Supply: Broad Money (NZD mn) | 411,404.000 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
| Depository Corp: Money Supply: Broad Money: Narrow Money (NZD mn) | 118,068.000 Mar 2024 | monthly | Dec 2016 - Mar 2024 |
| Depository Corp: Domestic Credit (NZD mn) | 596,112.000 Mar 2024 | monthly | Mar 1988 - Mar 2024 |
| Official Reserve Assets (NZD mn) | 27,116.973 Mar 2024 | monthly | Sep 2005 - Mar 2024 |
| Official Reserve Assets: Foreign Currency Reserves (NZD mn) | 17,259.191 Mar 2024 | monthly | Sep 2005 - Mar 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 (%) | 64.900 Jun 2024 | quarterly | Jun 2011 - Jun 2024 |
| House Price Inflation: Net Percent Expecting Higher (%) | -47.300 Jun 2024 | quarterly | Mar 2022 - Jun 2024 |
| Performance Manufacturing Index (NA) | 45.400 Apr 2024 | monthly | Aug 2002 - Apr 2024 |
| Business Outlook Survey: Manufacturing: Business Confidence Index (Point) | 18.600 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
| Business Outlook Survey: All Industries: Business Confidence Index (Point) | 14.900 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
| Business Outlook Survey: Retail: Business Confidence Index (Point) | 11.900 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
| Business Outlook Survey: Service: Business Confidence Index (Point) | 17.200 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
| Business Outlook Survey: Construction: Business Confidence Index (Point) | 15.000 Apr 2024 | monthly | Feb 1991 - Apr 2024 |
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