New Zealand's QoQ Gross Domestic Product (GDP) growth recovered to 0.2% QoQ during 2024's first quarter, clawing back ground from the previous quarter's flat 0.0%. While New Zealand's over domestic economy improved in Q1, Stats NZ noted that GDP per capita still shrunk -0.3% over the same period. Stats NZ also went on to note that despite the near-term uptick in GDP growth, New Zealand's GDP only managed a scant 0.2% YoY GDP print for the year ended in March 2024 compared to the previous annual period that ended in March 2023. Stats NZ noted that New Zealand's Q1 GDP growth came entirely from Primary Services, with steep declines in the Goods-producing sector. New Zealand's overall GDP print was ring-fenced by 73.0% the country's economy being comprised of Services activity in the March quarter.