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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
New ZealandNew Zealand Government Expense (% of GDP) climbed to 35.53 Percent in December 2022
World BankYearlyReleased December 2022
New Zealand Government Expense (% of GDP) climbed to 35.53 Percent in December 2022, up 1.92 Percent from November's 33.61 Percent reading.
Latest Release
35.525825
Actual
—
Consensus
33.606553
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Expense (% of GDP) (New Zealand) was reported at 35.53 Percent in December 2022. The reading rose from the previous value of 33.61 Percent. This is classified as a medium-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 35.16 Percent, up from the prior three at 29.88 Percent.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include RBNZ Interest Rate Decision (May 27) and Monetary Policy Statement (May 27).
Auto-generated from current model state · Refreshes on each release · Last update December 2022.
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Government Expense (% of GDP) - NZ
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About Government Expense (% of GDP) — New Zealand
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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Economic Calendar - NZ Events
| Wednesday, May 27, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | NZ | RBNZ Interest Rate Decision | 2.25 | 2.25 | 2.25 | Medium | |
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:00 | NZ | ANZ Business Confidence | -10.6 | -8 | -11.90 | Medium | |
| 22:00 | NZ | ANZ Roy Morgan Consumer Confidence | 80.3 | 81.5 | 81.50 | Low | |
| Friday, May 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:00 | NZ | ANZ Business Confidence | -10.6 | -8 | -11.90 | Medium | |