|Unit||Mil. NZD, SA|
|Government Consumption||2020 Q4||16,325||15,982||Mil. NZD, SA||Quarterly|
|Investment||2020 Q4||19,052||19,140||Mil. NZD, SA||Quarterly|
|Nominal Fixed Investment (gross fixed capital formation)||2020 Q4||19,052||19,140||Mil. NZD, SA||Quarterly|
|Nominal Gross Domestic Product||2020 Q4||82,881||84,224||Mil. NZD, SA||Quarterly|
|Private Consumption||2020 Q4||48,067||47,273||Mil. NZD, SA||Quarterly|
|Real Fixed Investment (gross fixed capital formation)||2020 Q4||16,145||16,369||Mil. Ch. 2009/2010 NZD, SA||Quarterly|
|Real Government Consumption||2020 Q4||13,249||13,032||Mil. Ch. 2009/2010 NZD, SA||Quarterly|
|Real Gross Domestic Product||2020 Q4||66,927||67,946||Mil. Ch. 2009/2010 NZD, SA||Quarterly|
|Real Investment||2020 Q4||15,516||15,762||Mil. Ch. 2009/2010 NZD, SA||Quarterly|
|Real Private Consumption||2020 Q4||41,647||41,217||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: