New Zealand - Net Exports

New Zealand: Net Exports

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

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: