New Zealand - Real Imports of Goods and Services





New Zealand: Real Imports of Goods and Services

Mnemonic IM$.INZL
Unit Mil. Ch. 2009/2010 NZD, SA
Adjustments Seasonally Adjusted
Quarterly 2.27 %
Data 2019 Q3 22,029
2019 Q2 21,539

Series Information

Source Statistics New Zealand
Release GDP
Frequency Quarterly
Start Date 6/30/1987
End Date 9/30/2019

New Zealand: Trade

Reference Last Previous Units Frequency
Balance of Goods Nov 2019 -752.57 -1,039 Mil. NZD, NSA Monthly
Exports of Goods Nov 2019 5,228 5,006 Mil. NZD, NSA Monthly
Imports of Goods Nov 2019 5,980 6,046 Mil. NZD, NSA Monthly
Current Account Balance 2019 Q3 -2,681 -2,342 Mil. NZD, SA Quarterly
Exports of Goods and Services 2019 Q3 21,178 21,528 Mil. NZD, SA Quarterly
Imports of Goods and Services 2019 Q3 21,489 21,247 Mil. NZD, SA Quarterly
Net Exports 2019 Q3 -311 281 Mil. NZD, SA Quarterly
Real Exports of Goods and Services 2019 Q3 17,987 18,500 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Imports of Goods and Services 2019 Q3 22,029 21,539 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Net Exports 2019 Q3 -4,042 -3,039 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