New Zealand - Net Exports

New Zealand: Net Exports

Mnemonic	NETEX.INZL
Unit	Mil. NZD, SA
Adjustments	Seasonally Adjusted
	Quarterly	69.49 %
Data	2022 Q1	-6,771
	2021 Q4	-3,995

Series Information

Source	Statistics New Zealand
Release	Gross domestic product
Frequency	Quarterly
Start Date	6/30/1987
End Date	3/31/2022

New Zealand: Trade

	Reference	Last	Previous	Units	Frequency
Balance of Goods	May 2022	263.01	439.8	Mil. NZD, NSA	Monthly
Exports of Goods	May 2022	6,952	6,156	Mil. NZD, NSA	Monthly
Imports of Goods	May 2022	6,689	5,716	Mil. NZD, NSA	Monthly
Current Account Balance	2022 Q1	-8,521	-6,612	Mil. NZD, SA	Quarterly
Exports of Goods and Services	2022 Q1	18,755	20,410	Mil. NZD, SA	Quarterly
Imports of Goods and Services	2022 Q1	25,526	24,405	Mil. NZD, SA	Quarterly
Net Exports	2022 Q1	-6,771	-3,995	Mil. NZD, SA	Quarterly
Real Exports of Goods and Services	2022 Q1	13,537	15,798	Mil. Ch. 2009/2010 NZD, SA	Quarterly
Real Imports of Goods and Services	2022 Q1	21,949	22,579	Mil. Ch. 2009/2010 NZD, SA	Quarterly
Real Net Exports	2022 Q1	-8,412	-6,781	Mil. Ch. 2009/2010 NZD, SA	Quarterly

Release Information

Description

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.

Properties

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:

Methodology

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

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.