New Zealand - Real Government Consumption

New Zealand: Real Government Consumption

Mnemonic	G$.INZL
Unit	Mil. Ch. 2009/2010 NZD, SA
Adjustments	Seasonally Adjusted
	Quarterly	2.39 %
Data	2022 Q4	14,466
	2022 Q3	14,820

Series Information

Source	Statistics New Zealand
Release	Gross domestic product
Frequency	Quarterly
Start Date	6/30/1987
End Date	12/31/2022

New Zealand: GDP

	Reference	Last	Previous	Units	Frequency
Government Consumption	2022 Q4	20,084	20,408	Mil. NZD, SA	Quarterly
Investment	2022 Q4	25,130	25,155	Mil. NZD, SA	Quarterly
Nominal Fixed Investment (gross fixed capital formation)	2022 Q4	25,130	25,155	Mil. NZD, SA	Quarterly
Nominal Gross Domestic Product	2022 Q4	97,032	97,480	Mil. NZD, SA	Quarterly
Private Consumption	2022 Q4	56,274	55,330	Mil. NZD, SA	Quarterly
Real Fixed Investment (gross fixed capital formation)	2022 Q4	18,283	18,644	Mil. Ch. 2009/2010 NZD, SA	Quarterly
Real Government Consumption	2022 Q4	14,466	14,820	Mil. Ch. 2009/2010 NZD, SA	Quarterly
Real Gross Domestic Product	2022 Q4	70,863	71,399	Mil. Ch. 2009/2010 NZD, SA	Quarterly
Real Investment	2022 Q4	18,506	18,583	Mil. Ch. 2009/2010 NZD, SA	Quarterly
Real Private Consumption	2022 Q4	43,696	43,715	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.