New Zealand - Government Consumption





New Zealand: Government Consumption

Mnemonic G.INZL
Unit Mil. NZD, SA
Adjustments Seasonally Adjusted
Quarterly 2.26 %
Data 2023 Q4 22,054
2023 Q3 21,567

Series Information

Source Statistics New Zealand
Release Gross domestic product
Frequency Quarterly
Start Date 6/30/1987
End Date 12/31/2023

New Zealand: GDP

Reference Last Previous Units Frequency
Government Consumption 2023 Q4 22,054 21,567 Mil. NZD, SA Quarterly
Investment 2023 Q4 25,272 25,143 Mil. NZD, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2023 Q4 25,272 25,143 Mil. NZD, SA Quarterly
Nominal Gross Domestic Product 2023 Q4 102,026 102,689 Mil. NZD, SA Quarterly
Private Consumption 2023 Q4 59,733 58,992 Mil. NZD, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2023 Q4 17,690 17,746 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Government Consumption 2023 Q4 14,442 14,417 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Gross Domestic Product 2023 Q4 70,568 70,569 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Investment 2023 Q4 16,142 17,672 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Private Consumption 2023 Q4 44,371 44,166 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.

  • National accounts framework: UN SNA 2008
  • Industry classification: ANZSIC06, which is generally aligned with UN ISIC Rev. 3.1
  • Measurements:
    • Millions of New Zealand dollars at chained year-2009/2010 prices (Mil. Ch. 2010 NZD)
    • At current prices
  • Adjustment: Seasonally adjusted (SA)
  • Native frequencies:
    • Quarterly
    • Annual (March)
  • Start dates:

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.

Further reading

At the source: