|Unit||Mil. NZD, SA|
|Business Confidence||Jul 2022||-56.7||-62.6||%, NSA||Monthly|
|Capacity Utilization||Jul 2022||7.2||1.1||%, NSA||Monthly|
|Change in Inventories||2022 Q1||277||426||Mil. NZD, SA||Quarterly|
|Real Change in Inventories||2022 Q1||182||30||Mil. Ch. 2009/2010 NZD, SA||Quarterly|
Gross domestic product (GDP) describes the total value of goods and services produced in the New Zealand economy, including private and government expenditure, inventory changes, and international trade. It is reported part of the quarterly System of National Accounts (NZSNA) published by Statistics NZ.
Gross domestic product (GDP) is a core macroeconomic statistic that measures New Zealand’s economic performance. It is an important tool that helps a range of users, including policymakers, to understand and manage the New Zealand economy.
Figures are expressed in both production and expenditure approaches (but not the income approach).
Figures are available in both current (nominal) prices (table 17) and inflation-adjusted prices (table 3). These are chain-linked and expressed in the average prices of the 2009/10 year, and are annually reweighted. Unlike index numbers, these can show the relative size of each component.
In New Zealand, the government fiscal, financial reporting, and budget year runs from 1 July to the next 30 June. The company and personal financial year runs from 1 April to 31 March. The annual national accounts use the latter, hence the "Annual (March)" subfrequency and "2009/2010" price reference period (a.k.a. FY 2010).
Revisions to the previously published GDP series may be made each quarter and annum. These include the release of additional data to replace estimates, revisions to source datasets (e.g. Balance of Payments and Retail Trade Survey), annual updates to weights, and methodological changes.
At the source: