You are using an older browser version. Please use a supported version for the best MSN experience.

NZ overtakes Aust in GDP race

NZ NewswireNZ Newswire 15/09/2016

Australia was ahead, then New Zealand drew level, and has now moved into the lead - and, no, it's not Rugby, but gross domestic product.

New figures from Statistics NZ show that GDP rose 3.6 per cent over the year to the June quarter, compared with 3.3 per cent for the equivalent measure in Australia.

Australia had grown 2.8 per cent through 2015, shading NZ's 2.3 per cent. But NZ drew level, with both at 3.0 per cent, in the March quarter before racing ahead, as usual.

image beaconimage beaconimage beacon