|Unit||Mil. Ch. 2009/2010 NZD, SA|
|Business Confidence||Dec 2019||-13.2||-26.4||%, NSA||Monthly|
|Capacity Utilization||Dec 2019||15.1||5.1||%, NSA||Monthly|
|Change in Inventories||2019 Q3||906||-288||Mil. NZD, SA||Quarterly|
|Real Change in Inventories||2019 Q3||747||-375||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. 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