New Zealand - Nominal Gross Domestic Product





New Zealand: Nominal Gross Domestic Product

Mnemonic GDP.INZL
Unit Mil. NZD, SA
Adjustments Seasonally Adjusted
Quarterly 1.11 %
Data 2019 Q4 79,236
2019 Q3 78,370

Series Information

Source Statistics New Zealand
Release Gross domestic product
Frequency Quarterly
Start Date 6/30/1987
End Date 12/31/2019

New Zealand: GDP

Reference Last Previous Units Frequency
Government Consumption 2019 Q4 15,221 14,804 Mil. NZD, SA Quarterly
Investment 2019 Q4 18,537 18,502 Mil. NZD, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2019 Q4 18,537 18,502 Mil. NZD, SA Quarterly
Nominal Gross Domestic Product 2019 Q4 79,236 78,370 Mil. NZD, SA Quarterly
Private Consumption 2019 Q4 45,241 44,782 Mil. NZD, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2019 Q4 16,080 16,091 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Government Consumption 2019 Q4 12,469 12,212 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Gross Domestic Product 2019 Q4 64,399 64,299 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Investment 2019 Q4 15,679 16,181 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Private Consumption 2019 Q4 39,814 39,693 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