New Zealand - Government Consumption





New Zealand: Government Consumption

Mnemonic G.INZL
Unit Mil. NZD, SA
Adjustments Seasonally Adjusted
Quarterly 1.26 %
Data 2019 Q2 14,018
2019 Q1 13,844

Series Information

Source Statistics New Zealand
Release GDP
Frequency Quarterly
Start Date 6/30/1987
End Date 6/30/2019

New Zealand: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q2 14,018 13,844 Mil. NZD, SA Quarterly
Investment 2019 Q2 17,966 17,979 Mil. NZD, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q2 17,966 17,979 Mil. NZD, SA Quarterly
Nominal Gross Domestic Product 2019 Q2 76,789 75,323 Mil. NZD, SA Quarterly
Private Consumption 2019 Q2 44,173 43,622 Mil. NZD, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q2 15,651 15,807 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Government Consumption 2019 Q2 11,638 11,569 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Gross Domestic Product 2019 Q2 63,427 62,985 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Investment 2019 Q2 15,451 14,941 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Private Consumption 2019 Q2 39,273 39,079 Mil. Ch. 2009/2010 NZD, SA Quarterly

Release Information

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. The method SNA 2008 is applied.

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.

Industries are currently organized by the Australian and New Zealand Standard Industrial Classification ANZSIC 2006.

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.

Sources and methods for the quarterly GDP (2008): http://www.stats.govt.nz/Publications/NationalAccounts/qtrly-gdp-sources-and-methods-2nd-edition.aspx

Technical notes are attached to each quarterly release of GDP statistics.  Here are the notes for the September 2009 quarter (2009:Q3) release: http://www.stats.govt.nz/browse_for_stats/economic_indicators/GDP/GrossDomesticProduct_HOTPSep09qtr/Technical%20Notes.aspx

For all Statistics NZ releases on GDP, please see: http://search.stats.govt.nz/search?w=*&af=ct2:Economicindicators_GrossDomesticProduct%20ct1:Economicindicators