New Zealand - Real Gross Domestic Product





New Zealand: Real Gross Domestic Product

Mnemonic GDP$.INZL
Unit Mil. Ch. 2009/2010 NZD, SA
Adjustments Seasonally Adjusted
Quarterly 1.27 %
Data 2020 Q1 63,631
2019 Q4 64,452

Series Information

Source Statistics New Zealand
Release Gross domestic product
Frequency Quarterly
Start Date 6/30/1987
End Date 3/31/2020

New Zealand: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q1 15,276 15,190 Mil. NZD, SA Quarterly
Investment 2020 Q1 18,283 18,595 Mil. NZD, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q1 18,283 18,595 Mil. NZD, SA Quarterly
Nominal Gross Domestic Product 2020 Q1 79,130 79,199 Mil. NZD, SA Quarterly
Private Consumption 2020 Q1 45,418 45,232 Mil. NZD, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q1 15,603 16,090 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Government Consumption 2020 Q1 12,445 12,445 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Gross Domestic Product 2020 Q1 63,631 64,452 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Investment 2020 Q1 14,617 15,676 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Private Consumption 2020 Q1 39,708 39,810 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