New Zealand - Real Government Consumption





New Zealand: Real Government Consumption

Mnemonic G$.INZL
Unit Mil. Ch. 2009/2010 NZD, SA
Adjustments Seasonally Adjusted
Quarterly 1.95 %
Data 2022 Q1 15,197
2021 Q4 14,907

Series Information

Source Statistics New Zealand
Release Gross domestic product
Frequency Quarterly
Start Date 6/30/1987
End Date 3/31/2022

New Zealand: GDP

Reference Last Previous Units Frequency
Government Consumption 2022 Q1 20,267 19,667 Mil. NZD, SA Quarterly
Investment 2022 Q1 23,274 22,495 Mil. NZD, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2022 Q1 23,274 22,495 Mil. NZD, SA Quarterly
Nominal Gross Domestic Product 2022 Q1 91,075 89,342 Mil. NZD, SA Quarterly
Private Consumption 2022 Q1 54,574 51,217 Mil. NZD, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2022 Q1 17,995 17,776 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Government Consumption 2022 Q1 15,197 14,907 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Gross Domestic Product 2022 Q1 68,460 68,504 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Investment 2022 Q1 17,762 17,285 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Private Consumption 2022 Q1 44,541 42,584 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: