New Zealand - Real Government Consumption





New Zealand: Real Government Consumption

Mnemonic G$.INZL
Unit Mil. Ch. 2009/2010 NZD, SA
Adjustments Seasonally Adjusted
Quarterly 1.68 %
Data 2020 Q2 12,736
2020 Q1 12,525

Series Information

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

New Zealand: GDP

Reference Last Previous Units Frequency
Government Consumption 2020 Q2 15,654 15,368 Mil. NZD, SA Quarterly
Investment 2020 Q2 14,439 18,181 Mil. NZD, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q2 14,439 18,181 Mil. NZD, SA Quarterly
Nominal Gross Domestic Product 2020 Q2 71,240 79,235 Mil. NZD, SA Quarterly
Private Consumption 2020 Q2 40,263 45,772 Mil. NZD, SA Quarterly
Real Fixed Investment (gross fixed capital formation) 2020 Q2 12,368 15,609 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Government Consumption 2020 Q2 12,736 12,525 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Gross Domestic Product 2020 Q2 57,534 63,771 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Investment 2020 Q2 10,351 14,604 Mil. Ch. 2009/2010 NZD, SA Quarterly
Real Private Consumption 2020 Q2 35,197 40,040 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: